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  3. Delta Autocorp IPO
Delta Autocorp logo

Delta Autocorp

Listed
Listed

IPO Timeline

Issue open date

7 Jan 2025

Issue close date

9 Jan 2025

UPI mandate deadline

9 Jan 2025

Allotment finalization

10 Jan 2025

Refund initiation

13 Jan 2025

Share credit

13 Jan 2025

Listing date

14 Jan 2025

Mandate end date

24 Jan 2025

Lock-in end date for anchor investors (50%)

9 Feb 2025

Lock-in end date for anchor investors (remaining)

10 Apr 2025

Key Dates

Open
7 Jan 2025
Close
9 Jan 2025
Listing
14 Jan 2025

Quick Stats

Issue Size:55cr
Lot Size:1000 shares

About the Company

Delta Autocorp, established in 2016, manufactures and sells Electric 2-wheelers (E2Ws) and Electric 3-wheelers (E3Ws) under the “Deltic” brand. The company uses high-quality components from reputed OEMs, tailored to its design and engineering specifications, and offers custom components to ensure compatibility and performance. With a network of over 300 dealers across 25 states and Union Territories in India, Delta Autocorp focuses primarily on B2B transactions. Its product lineup includes E2Ws like Deltic Drixx, Trento, ZGS, and Legion, and E3Ws such as Deltic Star, Vayu, Vista, and Garbo. The company also provides accessories and spare parts like motor controllers, wire harnesses, electric motors, speedometers, and DC-DC converters, serving the growing electric vehicle market.

Strengths

  • Experienced promoters with 14+ years of industry expertise.
  • Strong professional management team from top-tier institutions.
  • Customer-centric approach with tailored product designs and insights.
  • In-house R&D for innovation, ensuring product quality.
  • Extensive dealer network across 25 states and territories.
  • Focus on underserved tier-2 and tier-3 markets.
  • Premium electric scooters with functional and affordable features.
  • ISO-certified manufacturing and rigorous quality control standards.
  • Diversified product portfolio spanning two- and three-wheelers.

Risks

  • Defects in vehicles may harm reputation and require recalls.
  • Dependence on supplier networks could disrupt production and delivery.
  • New EV model development involves significant capital and cost risks.
  • Failure to meet customer expectations may harm brand perception.
  • Increased competition could impact market share and business growth.
  • Regulatory changes could affect operations and financial performance.
  • Inability to attract qualified personnel may hinder business expansion.
  • Natural disasters or economic instability may disrupt supply chains.

Delta Autocorp IPO – Frequently Asked Questions

  • The price band for the Delta Autocorp IPO is set at ₹123 to ₹130 per share.
  • The Delta Autocorp IPO opens on January 7, 2025 and closes on January 9, 2025.
  • The tentative listing date for the Delta Autocorp IPO is January 14, 2025.
  • You can apply for the Delta Autocorp IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Delta Autocorp, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the Delta Autocorp IPO is 1000 shares. Investors must apply for at least one lot (i.e., 1000 shares).