Delta Autocorp IPO

Incorporated in 2016, Delta Autocorp Limited is engaged in the business of manufacturing and selling of 2-wheelers & 3-wheelers EVs. The Company operates under the brand name "Deltic”. Initially concentrating on developing electric 3-wheelers prototypes, they marked a significant milestone in 2017 with the launch of their first E-Rickshaw, boasting an impressive mileage of over 150 Km. After analysing market trends and changing customer preferences, the company expanded its product range to electric 2W vehicles. In 2018, prototype development began, and in 2019, the company launched affordable, durable scooters for tier-2 and tier-3 towns. The company operates through a network of over 300 dealers across 25 states and Union Territories, focusing on B2B transactions. The goal is to become a global brand with cost-effective, practical products and excellent service. Their Products: Electric 2W scooters: Deltic Drixx, Deltic Trento Electric 3W rickshaws: Deltic Star, Deltic Vayu Electric 3W loaders Electric 3W garbage carts Spare parts and accessories for 2W and 3W vehicles: 3W Controller, 3W Motor The company focuses on in-house product innovation through its R&D department in Uttar Pradesh, with 11 employees dedicated to designing electric vehicles based on customer needs and preferences. As of 31 October 2024, the company has 139 employees. Competitive Strength: Experienced Promoters and Management Team Customer Centric Approach In house Research and Development of Products Cracking the distribution model Tapping into the mass premium segment Quality Standard Certifications & Quality Tests Diversified product range

The objects of the Offer are: Funding of Expenditure towards Setting up an Electric Three-Wheeler Fabrication Plant & Painting Plant Investment in New Product Development Funding of working capital requirement General Corporate Purposes To meet out the Offer Expenses

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