Delta Autocorp IPO Allotment Status

Summary

Delta Autocorp Limited, established in 2016, has emerged as a significant player in India's electric vehicle sector, specialising in manufacturing and selling 2-wheelers and 3-wheelers EVs under their brand name "Deltic". Operating through a network of over 300 dealers across 25 states and Union Territories, the company focuses on B2B transactions and aims to become a global brand with cost-effective, practical products. Their product range includes electric scooters like Deltic Drixx and Deltic Trento and various electric 3-wheeler models, including rickshaws, loaders, and garbage carts.

The company has launched its IPO with a total issue size of ₹54.60 crore, comprising a fresh issue of 38.88 lakh shares aggregating to ₹50.54 crore and an offer for sale of 3.12 lakh shares worth ₹4.06 crore. The IPO opened on January 7, 2025, and closed on January 9, 2025. The allotment date for the Delta Autocorp IPO is set for Friday, January 10, 2025.

Steps to Check Delta Autocorp IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website.
• Select "Delta Autocorp IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Delta Autocorp IPO Allotment Status on NSE SME

• Visit the NSE SME IPO Allotment Page.
• Select "Delta Autocorp IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Delta Autocorp Subscription Status

The IPO received exceptional investor interest, being subscribed 342.1 times overall. Here is a category-wise breakdown of the subscription as of 6:19:58 PM on January 9, 2025:

• Retail Category: 314.33 times
• Qualified Institutional Buyers (QIB): 178.64 times
• Non-Institutional Investors (NII): 624.28 times

As of 6:19:08 PM

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Manufacturing Expansion: Setting up Electric Three-Wheeler Fabrication Plant & Painting Plant.
• Product Development: Investment in new product development initiatives.
• Working Capital: Meeting working capital requirements.
• General Corporate Purposes: Supporting various business objectives.

Delta Autocorp IPO - Listing Details

The shares are scheduled to list on January 14, 2025, on the NSE SME platform. The remarkable subscription rate of 342.1 times demonstrates tremendous investor confidence in Delta Autocorp's business model and growth prospects in the electric vehicle sector. The funds raised will support the company's expansion plans and operational needs, positioning it for future growth. Investors can check their allotment status through the registrar's website or NSE SME on January 10, 2025. The shares are set to debut on January 14, 2025, marking an important milestone for the company.