Delta Autocorp IPO
smelistedAbout the company
Delta Autocorp Limited, operating as "Deltic," manufactures electric 2W and 3W vehicles, including e-rickshaws and electric scooters. Founded in 2016, Deltic launched its first e-rickshaw in 2017, focusing on affordability, durability, and innovation. The company designs vehicles suitable for Indian roads, with high ground clearance and comfort. Deltic is transitioning to Lithium Ferro Phosphate (LFP) batteries for enhanced efficiency. With a strong B2B network of 300+ dealers across India, Deltic aims to become a global leader in electric mobility.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed07 Jan 2025Bidding starts for all investor categories
IPO Closes
Completed09 Jan 2025Last day to place your bid
Basis of Allotment
Completed10 Jan 2025Share allotment finalised
Refund Initiation
Completed13 Jan 2025Refunds credited for non-allottees
Credit to Demat
Completed13 Jan 2025Allotted shares credited to demat account
Listing on Exchange
Completed14 Jan 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 1000 | ₹130,000 | 1 | ₹130,000 | 1 lot only |
| HNI | 2 | 2000 | ₹260,000 | 2 | ₹260,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 2,134,388 | 27 | 0 | 0.00x | 100% |
| NII | 15% | 640,316 | 8.1 | 0 | 0.00x | 100% |
| Retail | 35% | 1,494,071 | 18.9 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
