| Delta Autocorp IPO GMP | Delta Autocorp IPO Review | Delta Autocorp IPO Subscription | Delta Autocorp IPO Allotment Status |
Delta Autocorp IPO listing is making waves in the stock market, and it’s easy to see why. After an exceptional subscription phase, this IPO has investors buzzing with excitement. The high demand during the subscription period wasn’t the only factor driving this frenzy—its robust grey market premium (GMP) has added even more fuel to the fire.
Delta Autocorp IPO – Bidding Insights
Delta Autocorp’s IPO has generated significant investor interest, resulting in a remarkable subscription rate of 342.1 times the total shares available by the end of the bidding period on January 9, 2025. The IPO, which aimed to raise INR 54.60 crore through a combination of fresh issues and an offer for sale, was open for bidding from January 7 to January 9. Retail investors showed particularly strong demand, subscribing 314.33 times their allocated shares, while non-institutional investors subscribed 624.28 times their portion. This IPO struck a chord with savvy market participants.
The company is now gearing up for a big moment as its shares are ready to debut on the NSE SME platform. It’s a milestone that underscores the growing confidence in young, ambitious enterprises carving out their space in India’s markets.
Delta Autocorp IPO Listing Date and Price Band
- Price Band: The shares were offered in a price band of INR 123 – 130 per share, with a minimum application lot size of 1,000 shares, requiring an investment of at least INR 1,30,000.
- Listing Date: Shares are expected to commence trading on 14 January 2025.
- Use of Proceeds: The funds raised will primarily establish an electric three-wheeler plant, new product development, working capital needs, and general corporate purposes.
How Does GMP Affect Listing Price?
The GMP is a key indicator of investor sentiment before an IPO is listed. It shows the price at which shares are traded in the grey market before the official listing. A positive GMP, where shares are traded above the issue price, signals strong demand and boosts expectations for a higher listing price. However, while GMP offers insight, the actual listing price can still be affected by market conditions and investor sentiment at the time.
What are the Expectations for the Delta Autocorp IPO Listing Price?
As of now, the IPO is showing a GMP of about INR 110 per share, which suggests that the Delta Autocorp IPO listing gain will be around 84.6% from its upper price band of INR 130. If this trend continues, investors could see the stock debut above INR 240 — a pretty enticing prospect for anyone who snagged an allotment.
But it’s not all doom and gloom for those who didn’t get a piece of the action. While the strong GMP indicates Delta Autocorp might have a solid start, there’s still a shot for latecomers to jump in on the listing day. Of course, how the market reacts will be key. Some investors might decide to hold off a bit, hoping for a dip in the stock price to grab a better entry point later. It’s a game of timing, and for those on the sidelines, the opportunity might just be around the corner.
Key Insights for Investors
- High GMP Signals Positive Listing: The impressive GMP of INR 110 is a strong indicator of investor confidence, suggesting robust listing gains.
- Phenomenal Subscription Figures: The IPO’s subscription across QIB, NII, and Retail categories reflects its widespread appeal.
- Industry Potential: Delta Autocorp operates in the rapidly growing EV sector, making it a promising long-term investment opportunity.
Looking Ahead
With the Delta Autocorp IPO listing tomorrow, all eyes are on its performance in the stock market. Backed by a strong GMP and exceptional subscription rates, the company is poised for a stellar debut. Investors can anticipate significant listing gains, while long-term prospects look equally promising, given the company’s position in the booming EV market.
In 2024, the Indian primary market experienced notable activity, featuring 90 Mainboard IPOs and 248 SME IPOs. Of these, 71 Mainboard IPOs delivered positive returns, while 222 SME IPOs also showed strong performance. Despite this success, some challenges emerged, with 19 Mainboard IPOs and 25 SME IPOs yielding negative returns. Furthermore, one SME IPO, Trafiksol ITS, was withdrawn during the year. The average listing return for Mainboard IPOs was an impressive 30.12%, whereas SME IPOs outperformed with an exceptional average return of 60.26%. These figures underscore the market’s potential for substantial gains and opportunities. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
