Delta Autocorp listing Review
The shares issued at Rs. 130 are listed at Rs. 175, 34.62% premium over the issue price. The listing has been very much below the expectations of the grey market.
Delta Autocorp IPO allotment Link
Rs. 105
Subscription status of Delta Autocorp IPO
Delta Autocorp IPO Price Rs. 130 Lot 1000 shares, Rs. 54.60 Crore |
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QIB | NII x | RII x | Total x | Applications |
178.64 | 624.28 | 314.33 | 342.10 | 4,58,617 |
Amount wise bids recd. Rs. ? Crore | ||||
Note: |
What is the business of Delta Autocorp IPO?
Delta Autocorp IPO Details |
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IPO opens on | 7 January 2025 |
IPO closes on | 9 January 2025 |
Issue Type | Book Built Issue IPO |
Issue Size | 4200,000 Shares / Rs 54.60 Crore |
* Fresh Issue | 3888,000 Shares / Rs 50.44 Crore |
* Offer for Sale – | 312000 shares / Rs. 4.06 crore |
Market Maker Portion | 294,000 Shares |
Net offer to Public | 3906000 Shares/ Rs.50.78 Crore |
Face Value per share | Rs. 10 |
Price Band | Rs. 123-130 |
Employee discount | Rs. 0 per share |
Retail Lot Size | 1000 Shares |
Listing will at | NSE SME |
Shares offered in IPO |
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Shares | Rs. (Crore) | |
QIB (50%) | 1953000 | 25.39 |
HNI (15%) | 585900 | 7.62 |
RII (35%) | 1367100 | 17.77 |
Total Shares | 3906000 | 50.78 |
Retail portion will be oversubscribed by |
1367 | |
Forms | ||
How much Shares to Apply in this IPO? | ||
Min Retail Application | 1000 Shares | Rs.130000 |
Min HNI Application | 3000 Shares | Rs. 260000 |
Who are the Promoters of Delta Autocorp?
The Promoters of the company are ANKIT AGARWAL , MRS. PRIYANKA AGARWAL AND MR. SANWARMALL AGARWALLA
What are the Objects of Parmeshwar Metal IPO?
The Offer comprises of fresh issue of shares.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1.Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant;
2. Investment in New Product Development
3. Funding of working capital requirement
4. General Corporate Purposes
5. To meet out the Offer Expenses.
Tentative timetable |
|
IPO opens on | 7 January 2024 |
IPO Closes on | 9 January 2025 |
IPO Allotment on | 10 January 2025 |
Refund Initiation | 13 January 2025 |
Credit of Shares | 13 January 2025 |
Listing on | 14 January 2025 |
Registered Office of the Company Plot No 304 P, Pithakiarypost |
Who is the Lead Manager of this IPO? GYR Capital Advisors Pvt ltd |
Who is the Registrar to IPO? |
Delta Autocorp IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Delta Autocorp IPO Financial & Analytical Ratios |
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Year | Total Income |
Net Profit |
EPS | RoNW |
Rs.in Crore | Rs.in Crore | Rs. | % | |
2021-22 | 57.53 | 4.20 | ||
2022-23 | 80.56 | 5.13 | ||
2023-24 | 81.17 | 8.22 | 7.21 | 21.18 |
Book Value of the Share on 31.03.2024 |
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BV of the Share at cap price after IPO |
Rs. | |||
Offer Price/upper band | Rs. | 130 |
Key Performance
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Price/EPS of 23-24 | 18.03 |
Price/BV Ratio | 6.53 |
Debt/Equity Ratio | 0.49 |
How Delta Autocorp IPO compares with the Peers?
As on date of RHP | FV | PBV | PE |
Rs. | Ratio | Ratio of | |
Delta Corp | 10 | 6.53 | 18.03 |
Wardwizard | 12.33 | 72.80 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Delta Autocorp IPO Review by Paresh Gordhandas, CA & Research Analyst.
The company manufactures and sells 2W & 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers (OEMs) who use design & engineering specifications given by us using state-of-the art manufacturing process.
The company has impressive track record of total income and net profits. The EV 2 wheeler market has turned highly competitive with the players like Ola Electric, Bajaj EV, TVS electric etc and yet small players like Delta Corp have captured small segment of this market.
The shares are offered at attractive valuation and leaves room for listing gains as well as long term returns. The lead manager: GYR Capital Advisors Pvt ltd has impressive track record of positive listings. The premium to offer price ratio at present is good.
+ from fundamental angle: Apply
+ from grey market angle: Apply
Quicklinks
Delta Autocorp IPO GMP today allotment, review?
Delta Autocorp IPO GMP grey market premium
Parmeshwar Metal