Delta Autocorp Share Price

Delta Autocorp Limited was originally incorporated as Delta Autocorp LLP on May 20, 2016 with Registrar of Companies, Kolkata. Later, Delta Autocorp LLP thereafter converted from a Limited Liability Partnership into a Private Limited Company as Delta Autocorp Private Limited on July 21, 2023. Later, the status converted into Public Limited and the name changed to Delta Autocorp Limited and a fresh Certificate of Incorporation dated May 8, 2024 was issued by the Central Processing Centre.The Company began with the establishment of Delta Autocorp LLP in 2016 by visionary promoter, Mr. Ankit Agarwal. Initially concentrating on development of electric 3W prototypes, it marked a significant milestone in 2017 with the launch of first ERickshaw, boasting an impressive mileage of over 150 Kms. Furthermore, Research and Development (RD) Department implemented several enhancements, including refining the aerodynamic structure of Erickshaws for optimal performance even on hilly terrains. Additionally, it boosted the torque, improved strength durability by using stronger metallurgy, and improved the gradability to a range of 7 to 10 degrees in ERickshaws. These notable advancements contribute significantly to meeting the evolving demands of the market.The year 2018 saw the commencement of prototype development for electric 2W, and in 2019, the Company unveiled their inaugural electric 2W model. Hence, the Company launched well designed full scooters suitable to run on Indian roads with high ground clearance, good footboard space, and a large seat at very reasonable price coming at a very pocket friendly price. Moreover, in the interest of longevity, cost efficiency, and customer safety, the Company is transitioning to Lithium Ferro Phosphate (LFP) batteries from NickelManganeseCobalt (NMC) batteries.In 2020, New model of electric scooter Drixx launched in 2020. Two facelift models of E Rickshaw launched in 2021. The new model of electric scooter was launched in 2022. Two high speed scooter launched in 2023. The Companys main business is to manufacture and sell 2W 3W EVs using cutting edge components procured from reputed Original Equipment Manufacturers (OEMs) who use design engineering specifications using its manufacturing process. It supply specific components designed and compatible for their vehicles.The Company launched the IPO by issuing 42,00,000 equity shares of Rs 10 each and raised Rs 54.6 Crores, consisting a fresh issue of 38,88,000 equity shares aggregating to Rs 50.54 crores and the offer for sale of 3,12,000 equity shares aggregating to Rs 4.06 crores in January, 2025. Company has opened its first CompanyOwned, CompanyOperated (COCO) outlet in Mihijam, Jharkhand in FY 2025.