As of January 8, 2025, the Delta Autocorp IPO is generating significant buzz in the market. This article covers the grey market premium (GMP), company financials, important dates, whether you should apply, and insights from experts regarding this promising IPO.
Delta Autocorp IPO Overview
Delta Autocorp Limited is an emerging player in the electric vehicle sector, focusing on manufacturing two-wheelers and three-wheelers. The company aims to raise approximately ₹54.60 crores through its IPO, which opened for subscription on January 7, 2025, and will close on January 9, 2025. The price band for the IPO is set between ₹123 and ₹130 per share, with a minimum lot size of 1,000 shares.
Current GMP
The Grey Market Premium (GMP) for Delta Autocorp’s IPO currently stands at ₹110, indicating strong investor interest. This suggests a potential listing price significantly above the upper end of the issue price band. The GMP trend over the past few days is as follows:
| Date | IPO GMP | Kostak | Subject to Sauda |
|---|---|---|---|
| January 8 | ₹110 | ₹- | ₹85,000 |
| January 7 | ₹110 | ₹- | ₹85,000 |
| January 6 | ₹55 | ₹- | ₹45,000 |
| January 5 | ₹55 | ₹- | ₹45,000 |
| January 4 | ₹55 | ₹- | ₹45,000 |
| January 3 | ₹55 | ₹- | ₹45,000 |
Company Financials
Delta Autocorp has positioned itself strategically within the growing electric vehicle market. The funds raised through this IPO will be utilized for:
- Setting up an electric three-wheeler manufacturing plant.
- Investment in product development.
- Funding working capital needs.
- General corporate purposes.
The company has also raised approximately ₹15.21 crore from anchor investors ahead of its IPO launch.
Important Dates
Here are the critical dates related to the Delta Autocorp IPO:
- IPO Open Date: January 7, 2025
- IPO Close Date: January 9, 2025
- Basis of Allotment: January 10, 2025
- Refunds Initiated: January 13, 2025
- Shares Credited to Demat Accounts: January 13, 2025
- IPO Listing Date: January 14, 2025
Should You Apply?
Given the current GMP and strong subscription response on its opening day—where retail investors showed significant enthusiasm—many analysts suggest that applying for the Delta Autocorp IPO could be a good opportunity. However, potential investors should carefully consider their investment strategy and assess the company’s fundamentals before making a decision.
Expert Opinions
Brokerages such as Choice Broking and Arihant Capital have expressed optimism regarding Delta Autocorp’s prospects. They highlight:
- Strong Market Demand: The electric vehicle sector is poised for growth due to increasing government support and consumer demand.
- Innovative Product Line: Delta Autocorp’s focus on R&D and technological advancements positions it well within a competitive landscape.
- Scalable Business Model: The company’s strategy allows for geographic expansion and diversification of its product offerings.
Conclusion
The Delta Autocorp IPO presents a compelling investment opportunity in the burgeoning electric vehicle market. With a robust GMP indicating strong demand and positive expert opinions backing its growth potential, investors may find this IPO worth considering.
Disclaimer
The information provided in this article is based on market analysis and does not constitute financial advice from the author or publication. Investors are encouraged to consult with certified financial advisors before making any investment decisions. The author and publication will not be liable for any losses incurred as a result of trading decisions based on this information.
