Delta Autocorp IPO Delta Autocorp IPO png

Delta Autocorp IPO GMP, Price band, Details

Delta Autocorp IPO is a book-built issue worth ₹54.60 crores, comprising a fresh issue of 38.88 lakh shares amounting to ₹50.54 crores and an offer for sale of 3.12 lakh shares totaling ₹4.06 crores.

The Delta Autocorp IPO will open for subscription on January 7, 2025, and close on January 9, 2025. The allotment of shares is expected to be finalized on Friday, January 10, 2025. The IPO is set to list on the NSE SME platform, with a tentative listing date of Tuesday, January 14, 2025.

Delta Autocorp Limited operates in the automotive sector, focusing on the manufacturing and fabrication of electric three-wheelers. They are involved in the production and sale of electric vehicles, which are gaining popularity due to their eco-friendly nature.

The price band for the IPO is set between ₹123 and ₹130 per share, with a minimum application lot size of 1,000 shares. Retail investors must invest a minimum of ₹1,30,000. High-net-worth individuals (HNIs) are required to apply for at least 2 lots (2,000 shares), amounting to ₹2,60,000.

GYR Capital Advisors Private Limited is the book-running lead manager for the Delta Autocorp IPO, while Link Intime India Private Ltd is the registrar for the issue. The market-making responsibilities for the IPO are handled by Giriraj Stock Broking Private Limited.

Delta Autocorp IPO Details:

Company NameDelta Autocorp Limited
SectorAutomotive
IPO TypeSME
IPO Open date07th Jan 2025
IPO Close date09th Jan 2025
Listing ExchangesNSE
DRHP Draft ProspectusClick to check
RHP Draft ProspectsClick to check

Delta Autocorp IPO Lot Size:

ApplicationLot SizeSharesAmount
Retail (Min)110001,30,000
HNI (Min)220002,60,000

Delta Autocorp IPO Timeline:

IPO Open Date07th Jan 2025
IPO Close Date09th Jan 2025
Basis of Allotment10th Jan 2025
Refund Initiation Date13th Jan 2025
Shares Credit to Demat13th Jan 2025
Listing Date14th Jan 2025

Things to Consider before applying for an IPO

Financial Performance: Review Delta Autocorp’s Financials to understand its revenue, profitability, and growth prospects.

Industry Outlook: Consider the overall health of India’s Automotive Industry.

Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.

Management Team: Research the experience and capabilities of the management team.

Our Verdict

This IPO offers a good opportunity to invest in Delta Autocorp and be a part of its growth.

FAQ

What is Grey Market Premium (GMP)?

The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apple “Let Loose” event Full Highlights YEN (¥) FELL TO 34-YEAR LOW VS DOLLAR