Deltic IPO Launches January 7: Electric Vehicle Maker Eyes ₹54.6 Crore to Power Growth!
The new year is off to a strong start for the SME segment, and Delta Autocorp, the electric vehicle (EV) maker behind the Deltic brand, is gearing up to launch its ₹54.6 crore initial public offering (IPO) on January 7, 2025. Known for its innovative electric two-wheelers and three-wheelers, Deltic is set to become the sixth SME public issue of 2025, following companies like Leo Dry Fruits and Spices Trading, Davin Sons Retail, and Fabtech Technologies.
Here’s everything you need to know about the Deltic IPO, its offerings, and what it means for the company’s future in the rapidly growing EV market.
Contents
Deltic IPO: Key Details
The Deltic IPO is a combination of:
- Fresh Issue: 38.88 lakh equity shares.
- Offer-for-Sale (OFS): 3.12 lakh shares by promoter Ankit Agarwal.
Important Dates
- Anchor Book Opens: January 6, 2025.
- IPO Opens for Public Subscription: January 7, 2025.
- IPO Closes: January 9, 2025.
- Share Allotment Finalization: January 10, 2025.
The IPO aims to raise ₹54.6 crore, which will be used to fund the company’s growth plans, expand its product portfolio, and strengthen its position in the competitive EV market.
About Delta Autocorp: The Company Behind Deltic
Incorporated in 2016, Delta Autocorp has quickly established itself as a key player in India’s electric vehicle market. The company operates under the Deltic brand and offers a diverse range of products in both the two-wheeler and three-wheeler categories.
Product Portfolio
- Electric Two-Wheelers:
- Stylish and efficient electric scooters designed for urban commuters.
- Electric Three-Wheelers:
- Electric Rickshaws: Affordable and eco-friendly solutions for last-mile connectivity.
- Electric Loaders: Designed for small businesses and cargo transportation.
- Electric Garbage Carts: Sustainable solutions for waste management.
- Spare Parts and Accessories:
- Motors, DC-DC converters, speedometers, and other essential components for 2W and 3W vehicles.
Delta Autocorp’s focus on affordability, sustainability, and innovation has helped it carve out a niche in India’s growing EV market.
Why Deltic’s IPO Matters
The Deltic IPO comes at a time when India’s electric vehicle market is experiencing rapid growth, driven by:
- Government Incentives: Subsidies under the FAME II scheme and state-level EV policies.
- Rising Fuel Costs: Encouraging consumers to switch to cost-effective electric alternatives.
- Increased Awareness: Growing demand for eco-friendly transportation solutions.
Deltic’s Competitive Edge
- Diverse Product Range: From electric scooters to garbage carts, Deltic caters to a wide range of consumer and business needs.
- Affordability: Deltic’s products are designed to be budget-friendly, making them accessible to a larger audience.
- Sustainability: The company’s focus on green mobility aligns with India’s push for a cleaner, more sustainable future.
By going public, Deltic aims to raise funds to expand its operations, enhance its product offerings, and strengthen its market presence.
India’s Growing EV Market: A Perfect Opportunity for Deltic
India’s EV market is on the rise, with electric two-wheelers and three-wheelers leading the charge. According to industry reports, the EV market in India is expected to grow at a CAGR of 49% between 2022 and 2030, driven by increasing demand for affordable and sustainable transportation.
Key Trends Driving Growth
- Last-Mile Connectivity: Electric rickshaws and loaders are becoming the preferred choice for last-mile delivery and transportation.
- Urban Mobility: Electric scooters are gaining popularity among urban commuters for their low running costs and convenience.
- Government Support: Policies like reduced GST on EVs and subsidies for manufacturers are boosting the sector.
Deltic’s diverse product portfolio positions it well to capitalize on these trends and meet the evolving needs of Indian consumers.
How to Invest in the Deltic IPO
If you’re considering investing in the Deltic IPO, here’s what you need to know:
- IPO Price: The price band for the IPO will be announced closer to the launch date.
- Lot Size: Details about the minimum lot size for retail investors will also be disclosed soon.
- How to Apply: Investors can apply through their stockbroker or online trading platforms.
The IPO offers an opportunity to invest in a company that is at the forefront of India’s electric mobility revolution.
A Promising Future for Deltic
The Deltic IPO marks a significant milestone for Delta Autocorp as it looks to scale new heights in the electric vehicle market. With its diverse product range, focus on sustainability, and commitment to affordability, Deltic is well-positioned to thrive in India’s rapidly growing EV sector.
As the company prepares to go public, it’s clear that Deltic is not just launching an IPO — it’s making a bold statement about its ambitions to lead the charge in India’s electric mobility revolution.
