stockaxis

Delta Autocorp Ltd.

IPO Details
  • Issue Type Book building
  • Price range Rs.123-130
  • Market Lot 1000
  • Total Equity Shares 3030000
  • Face Value Rs. 10
  • Listing Date Jan 14, 2025
IPO Timeline
Opening date Jan 07, 2025
Closing date Jan 09, 2025
Listing Date Jan 14, 2025

IPO Details

We manufacture and sell 2W & 3W EVs using cutting edge components procured from reputed OriginalEquipment Manufacturers (OEMs) who use design & engineering specifications given by us using state-of-theartmanufacturing process. We supply specific components designed and compatible for our vehicles. OurCompany operating under the brand name "Deltic”. Specializing in the production of Electric 2W and 3Wvehicles, our journey began with the establishment of Delta Autocorp LLP in 2016 by our visionary promoter Mr.Ankit Agarwal. Initially concentrating on the development of electric 3W prototypes, we marked a significantmilestone in 2017 with the launch of our first E-Rickshaw, boasting an impressive mileage of over 150 Kms. Thisnot only contributed in our successful launch but also enabled E-Rickshaw drivers to enhance their daily earningssignificantly. Furthermore, our Research and Development (R&D) Department has implemented severalenhancements, including refining the aerodynamic structure of E-rickshaws for optimal performance even on hillyterrains. Additionally, we have boosted the torque, improved strength & durability by using stronger metallurgy,and improved the gradability to a range of 7 to 10 degrees in our E-Rickshaws. These notable advancementscontribute significantly to meeting the evolving demands of the market.

Projects

1. Project Name: Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting

Project Cost: 44.166

2. Project Name: Investment in New Product Development

Project Cost: 213.2

3. Project Name: Funding of working capital requirement

Project Cost: 114.6

Promoters

Prmoters Name

1. Ankit Agarwal

2. Priyanka Agarwal

3. Sanwarmall Agarwalla

Prmoters Holdings
  • Pre Share Capital: 11127028
  • Pre Promoter Holding: 97.59
  • Offer to Public: 4200000
  • Post Share Capital: 10815028
  • Post Promoter Holding: 70.73

Registrar

Data not availble

Lead Managers

  • GYR Capital Advisors Pvt Ltd.

Subscription Details

Field Description Field Value
Ipo Code 3020
Total Equity 3030000

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 0
No of Shares Bid For Qualified Institutional Buyers 139516000
Total No of Shares Bid For Qualified Institutional Buyers 0.00
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 49327000
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 769000
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 89420000
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 0
No of Shares Bid For Non-Institutional Buyers 366749000
Total No of Shares Bid For Non-Institutional Buyers 0.00
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 25452000
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 338151000
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 3146000
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 430013000
Total No of Shares Bid For Retail Individual Investor 0.00
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 268685000
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 161328000
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 0
No of Shares Bid For All 936278000
Total 0.00