ListedSME platform

Delta Autocorp Limited

DELTICAutomobiles7 Jan 2025 – 9 Jan 2025INE0XRN01019

Promoters ANKIT AGARWAL · PRIYANKA AGARWAL · SANWARMALL AGARWALLA

On listing day it
—
we hold no exchange bar dated on the listing date
Since then, against the issue price
-71.2%
₹37.5 on 5 Nov 2026

Against an issue price of ₹130. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹130
final issue price
Issue size
₹55 cr
Lot size
1,000 sh
₹1,30,000 a lot
Listed on
14 Jan 2025
NSE
Now trading as DELTIC — see its filed financials and price history →
Notes

Delta Autocorp Limited raised ₹55 crore through a SME-platform initial public offer.

The filing places it in Automobiles and names three promoters: ANKIT AGARWAL, PRIYANKA AGARWAL and SANWARMALL AGARWALLA.

The book was open from 7 January 2025 to 9 January 2025.

The issue was priced at ₹130 a share, from a band of ₹123 to ₹130.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

The shares listed on 14 January 2025.

The last official close on file is ₹37.50 (5 November 2026), which is 71.2% below the issue price.

It now trades as DELTIC, and its filed financials are on its company page.

How it has done since listing
NSE close · 5 Nov 2026
Issue price
₹130
final issue price
Listing-day move
—
Now vs issue price
-71.2%
5 Nov 2026
Since first close
—

Shares sold in the issue at ₹130 last closed at ₹37.5.

See DELTIC’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Regulation 229(2)
Issue price
₹130
face value ₹10
Lot size
1,000 sh
₹1,30,000 a lot
Issue size
₹55 cr
How it was priced
Book-built — the price was discovered inside a band from the bids received
Listing sought at
NSE
Registered office
Southern India
Company website
www.deltic.co
Registrar
Link Intime India Private Limited
Lead manager
  • GYR Capital Advisors Limited
What happens when
3-day book
  1. Bidding opens7 Jan 2025
  2. Bidding closes9 Jan 2025
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing14 Jan 2025
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free
computed from ICDR rules
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    14 Jul 2025
    already free
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    14 Jul 2026
    already free

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set
as printed in the red herring prospectus

Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.

Asking, at the top of the band
—
The issuer's chosen peers
72.8x
average of a 72.8x – 72.8x range
Earnings the price leans on
—

Weighted-average return on net worth over the same years: 321.59%.

Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.

Restated financials

Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

The issuer’s own figures, as it printed them
EPS
—
NAV per share
₹19.91
Return on net worth
21.18%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Who ran this issue, and what else they have run
past issues only
Lead manager
FirmIssuesTypical listing move
GYR Capital Advisors Limited
2022 – 2026
37
3 measurable
+5.0%
Registrar
FirmIssuesTypical listing move
Link Intime India Private Limited
2021 – 2026
176
15 measurable
+10.1%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
4 filed

Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.