Delta Autocorp IPO: Itemizing to be held on January 14, craze nonetheless continues in grey market – INA NEWS

Delta Autocorp IPO: Delta AutoCorp’s IPO has obtained a powerful response from traders. After subscription, traders are actually prone to make big income on itemizing. This IPO is getting large response from the grey market. This public subject was subscribed 309 instances until the final day. As per schedule, allotment of shares to profitable traders has been achieved on January 10. On the similar time, the refund course of will begin from January 13. The itemizing of the corporate’s shares is to happen on the NSE SME platform on January 14.

Newest GMP of Delta Autocorp IPO

There may be big demand for Delta AutoCorp’s IPO within the grey market. Right this moment on January 11, this subject is buying and selling at a premium of Rs 115 within the unlisted market. In response to this, the corporate’s shares are prone to be listed at a worth of Rs 245. If this occurs then traders will get an enormous revenue of 88.46 %.

Subscription particulars of Delta Autocorp IPO

This IPO obtained a complete of 4.58 lakh purposes from traders. On this public subject, bids had been made for 93.63 crore fairness shares towards the supply dimension of 30.3 lakh shares. The corporate intends to boost Rs 54.60 crore by way of public subject. The corporate manufactures electrical two-wheelers and three-wheelers underneath the Deltic model.

All traders confirmed nice curiosity on this IPO. The portion of Non-Institutional Buyers (NII) was subscribed the utmost by 625.9 instances. In addition to, retail traders purchased 314.5 instances their allotted quota. On the similar time, the portion put aside for Certified Institutional Patrons (QIB) was subscribed 178.2 instances.

About Delta Autocorp IPO

The value band for the IPO was mounted at Rs 123-130 per share. 38.88 lakh recent fairness shares had been issued underneath Delta AutoCorp’s IPO. Moreover, 3.12 lakh shares had been offered by way of Supply for Sale (OFS) by promoter Ankit Agarwal. After subscription, allotment of shares to profitable traders shall be achieved by January 10. On the similar time, the possible date for itemizing is January 14.

Delta Autocorp enterprise

Delta AutoCorp was integrated within the 12 months 2016. The corporate at the moment has a product vary of electrical scooters within the 2-wheeler class, in addition to electrical rickshaws, electrical loaders and electrical rubbish carts within the 3-wheeler class. Moreover, the corporate additionally gives spare components and equipment for 2-wheeler and 3-wheeler, together with motors, DC-DC converters, and speedometers.

Delhi-based firm Delta AutoCorp competes with corporations like listed firm Wordwizard Innovation and Mobility. The corporate operates its enterprise by way of greater than 300 robust distribution networks throughout 25 states and union territories in India. The corporate primarily focuses on B2B (business-to-business) transactions.

On December 4, 2024, the corporate obtained a letter of intent price ₹31 crore from D Kumar & Gross sales for the provision of 2000 electrical rubbish carts (Deltic Garbo). These carts are specifically designed for waste assortment.

Disclaimer: The data offered right here is for info solely. It is very important point out right here that investing available in the market is topic to market dangers. As an investor, all the time seek the advice of an knowledgeable earlier than investing cash. Moneycontrol by no means advises anybody to speculate cash right here.