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 Name | Delta Autocorp Limited |
| Sector | Automotive |
| IPO Type | SME |
| IPO Open date | 07th Jan 2025 |
| IPO Close date | 09th Jan 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Delta Autocorp IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,30,000 |
| HNI (Min) | 2 | 2000 | 2,60,000 |
Delta Autocorp IPO Timeline:
| IPO Open Date | 07th Jan 2025 |
| IPO Close Date | 09th Jan 2025 |
| Basis of Allotment | 10th Jan 2025 |
| Refund Initiation Date | 13th Jan 2025 |
| Shares Credit to Demat | 13th Jan 2025 |
| Listing Date | 14th 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.
