Price Band
₹123 - ₹130
Lot Size
1000
Issue Size
₹54.6 Cr
GMP
N/A
Subscription
342.10x
Analyzing...
IPO Schedule
1
Open
7 Jan 2025
2
Close
9 Jan 2025
3
Allotment
-
4
Listing
14 Jan 2025
About Delta Autocorp
Delta Autocorp is an SME focused on manufacturing and supplying automotive components, primarily serving the aftermarket segment. They specialize in a range of parts used in passenger vehicles and commercial vehicles.
Key Strengths
- Established presence in the automotive component aftermarket segment.
- Demonstrated ability to achieve a strong Return on Equity (ROE) of 23.69%.
- Experienced management team with a focus on quality and customer satisfaction.
- Potential for growth in the aftermarket segment due to increasing vehicle parc and aging vehicle population.
- Strong financial performance evidenced by healthy profitability ratios.
Risk Factors
- •Dependence on the automotive aftermarket, which is subject to cyclical demand and competition.
- •Volatility in raw material prices can impact profitability.
- •SME status may limit access to capital and resources compared to larger competitors.
Valuation Analysis
The IPO is priced at a P/E of 18.03, which appears reasonable compared to some industry peers, but investors should carefully evaluate the company's growth prospects and inherent SME risks before investing.
IPO Details
ExchangeNSE
SegmentSME
ISININE0XRN01019
NSE SymbolDELTIC
Face Value₹10
Lot Size1000
Issue Size₹54.6 Cr
Key Metrics
ROE23.69%
ROCE19.32%
P/E Ratio18.03
Industry P/E20
EPS7.21
PAT Margin10.64%
Debt/Equity0.49
Growth & Quality
ProfitableYes ✓
Subscription
Total13.81x
Imbalance Ratio16.5x
Documents
RHP not available
Key Dates
Open Date7 Jan 2025
Close Date9 Jan 2025
Listing14 Jan 2025