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Unlisted shares of Delta Autocorp Ltd are currently trading at Rs 240 apiece in the grey market, which is a 84.62 per cent premium over the upper IPO price of Rs 130. It indicates a robust listing gain for investors on January 14.
Delta Autocorp IPO.
Delta Autocorp IPO: The initial public offer (IPO) of Delta Autocorp Ltd, which opened on Tuesday, has so far received a strong response from investors. The price band of the Rs 54.60-crore IPO, which will be closed on January 9 (Thursday), has been fixed at Rs 123 to 130 apiece. Till 11:19 am on the second day of bidding on Wednesday, the IPO got a 24.48 times subscription receiving bids for 6,69,72,000 shares against 27,36,000 shares on offer.
So far, the quota for retail investors got subscribed by 42.09 times. The non-institutional investors (NII) portion received a 14.96 times subscription. The QIB category has received a 0.78 times subscription.
The IPO allotment will likely take place on January 10, while the listing is scheduled to take place on January 14.
Delta Autocorp IPO GMP Today
According to market observers, unlisted shares of Delta Autocorp Ltd are currently trading at Rs 240 apiece in the grey market, which is a 84.62 per cent premium over the upper IPO price of Rs 130. It indicates a robust listing gain for investors on January 14.
Delta Autocorp IPO: More Details
The Delta Autocorp IPO is a combination of fresh issue of 38.88 lakh shares aggregating to Rs 50.54 crore and an offer for sale of 3.12 lakh shares aggregating to Rs 4.06 crore.
The Delta Autocorp IPO bidding opened for subscription on January 7, 2025 and will close on January 9, 2025. The allotment for the Delta Autocorp IPO is expected to be finalised on Friday, January 10, 2025. Delta Autocorp IPO will list on NSE SME with tentative listing date fixed as Tuesday, January 14, 2025.
Delta Autocorp IPO price band is set at Rs 123 to Rs 130 per share. The minimum lot size for an application is 1,000. The minimum amount of investment required by retail investors is Rs 1,30,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to Rs 2,60,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Delta Autocorp IPO, while Link Intime India Private Ltd is the registrar for the issue.The market maker for Delta Autocorp IPO is Giriraj Stock Broking Private Limited.
