Delta Autocorp IPO: Electrical car manufacturing firm will launch IPO, all particulars together with worth band – INA NEWS

Delta Autocorp IPO: The IPO of Delta AutoCorp Restricted is scheduled to open for subscription on January 7. The corporate intends to lift Rs 54.60 crore via public situation. The corporate manufactures electrical two-wheelers and three-wheelers below the Deltic model. Buyers could have the chance to spend money on it until January 9. The value band of Rs 123-130 per share has been fastened for the IPO. This would be the sixth public situation within the SME section within the new yr 2025, after Leo Dry Fruits & Spices Buying and selling, Devin Sons Retail, Parmeshwar Metallic, Fabtech Applied sciences, and Indobel Insulation.

Particulars associated to Delta Autocorp IPO

38.88 lakh contemporary fairness shares can be issued below the IPO of Delta AutoCorp. Moreover, 3.12 lakh shares can be offered via Supply for Sale (OFS) by promoter Ankit Agarwal. This situation will open for someday on January 6 for anchor buyers. After subscription, allotment of shares to profitable buyers can be performed by January 10.

The place will Delta Autocorp use the funds?

The proceeds of the brand new situation can be used to arrange an electrical three-wheeler fabrication and portray plant. Other than this, the corporate additionally plans to spend for brand spanking new product growth, working capital wants and common company functions. The possible date for itemizing of the corporate has been fastened as January 14. GYR Capital Advisors is the only real ebook working lead supervisor for the IPO.

Delta Autocorp enterprise

Delta AutoCorp was integrated within the yr 2016. The corporate presently has a product vary of electrical scooters within the 2-wheeler class, in addition to electrical rickshaws, electrical loaders and electrical rubbish carts within the 3-wheeler class. Moreover, the corporate additionally offers spare components and equipment for 2-wheelers and 3-wheelers, together with motors, DC-DC converters, and speedometers.

Delhi-based firm Delta AutoCorp competes with corporations like listed firm Wordwizard Innovation and Mobility. The corporate operates its enterprise via greater than 300 robust distribution networks throughout 25 states and union territories in India. The corporate primarily focuses on B2B (business-to-business) transactions.

On December 4, 2024, the corporate obtained a letter of intent price ₹31 crore from D Kumar & Gross sales for the availability of 2000 electrical rubbish carts (Deltic Garbo). These carts are specifically designed for waste assortment.

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