The electric revolution is here, and Delta Autocorp is ready to charge ahead!
With its upcoming IPO, the company aims to accelerate growth in India’s rapidly expanding electric vehicle market.
Read ahead for the details.
About the Company
Delta Autocorp LLP, operating under the brand name Deltic, is an Indian manufacturer specializing in electric two-wheelers and three-wheelers. Established in 2016 and headquartered in Kolkata, West Bengal, the company focuses on sustainable transportation solutions.
Their product lineup includes e-rickshaws and electric scooters, designed with advanced components sourced from original equipment manufacturers (OEMs) to meet specific design and engineering standards.
The e-rickshaw offers a top speed of 25 km/h and a range of 125 km, while the electric scooter, EZ, provides a similar top speed with a range of 75 km. These vehicles are powered by lead-acid batteries, catering to the growing demand for eco-friendly urban mobility.
An Industry Overview
The electric vehicle (EV) market in India is experiencing significant growth, driven by increasing environmental concerns, government incentives, and a shift towards sustainable transportation.
The two-wheeler and three-wheeler segments are at the forefront of this transition, offering cost-effective and efficient mobility solutions for urban and semi-urban populations.
Government initiatives, such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, aim to promote EV adoption through subsidies and infrastructure development.
As consumer awareness and acceptance rise, companies like Delta Autocorp are well-positioned to capitalize on the expanding market opportunities in the EV sector.
IPO Complete Details
| Open Date | January 7, 2025 |
| Close Date | January 9, 2025 |
| Total Issue Size | ₹54.60 crore Fresh Issue: ₹50.54 crore Offer for Sale: ₹4.06 crore |
| Number of Shares | 42,00,000 equity shares |
| Price Band | ₹123 to ₹130 per share |
| Lot Size | 1,000 shares |
| Minimum Bid Price | ₹1,23,000 |
| Basis of Allotment | January 10, 2025 |
| Initiation of Refunds | January 13, 2025 |
| Credit of Shares to Demat Accounts | January 13, 2025 |
| Listing Date | January 14, 2025 |
| Listing Exchanges | NSE SME |
What Does This Mean For You?
The Delta Autocorp IPO presents an opportunity to invest in India’s burgeoning electric vehicle sector.
The funds raised are intended for expanding production capabilities, developing new products, and meeting working capital requirements.
Investors should consider the company’s market position, growth potential, and the overall industry landscape.
It’s essential to conduct thorough research and assess personal investment goals before participating in the IPO.
Conclusion
Delta Autocorp’s IPO marks a significant milestone in its journey within the electric vehicle industry.
As the company seeks to expand and innovate, this public offering provides investors with a chance to be part of India’s evolving mobility landscape.
Want to apply for this IPO? Click here.
