The IPO of Delta Autocorp, a leading electric vehicle (EV) manufacturer, garnered immense investor interest during its bidding period from January 7 to January 9, 2025. With shares offered in the price band of Rs 123–130 and a lot size of 1,000 shares, the company successfully raised Rs 54.60 crore. The strong demand has also fueled a sharp rise in its grey market premium (GMP), signaling potential high returns for investors.
Key Allotment and Listing Dates
- Basis of Allotment Finalization: January 10, 2025
- Refund Initiation: By January 13, 2025
- Listing Date: January 14, 2025 (Tuesday) on the NSE Emerge platform
Investors who bid for shares can expect alerts via SMS, email, or other notifications regarding allotment or fund debits/revocations over the weekend.
Grey Market Premium (GMP) Trends
The GMP for Delta Autocorp has been a strong indicator of its popularity among investors.
- Last Recorded GMP: Rs 125, suggesting potential listing gains of over 95%.
- GMP on the Last Bidding Day: Rs 115–120.
This robust demand reflects the company’s strong market position in the growing EV segment.
Delta Autocorp IPO Subscription Details
The IPO witnessed overwhelming interest across investor categories, with an overall subscription rate of 342.1 times.
- Non-Institutional Investors (NIIs): Subscribed 624.28 times.
- Retail Investors: Subscribed 314.33 times.
- Qualified Institutional Bidders (QIBs): Subscribed 178.64 times.
With over 4.58 lakh applications, the retail investor segment alone accounted for 4.30 lakh bids, while more than 28,500 NIIs participated, indicating widespread enthusiasm.
About Delta Autocorp
Incorporated in 2016, Delta Autocorp is a pioneer in the EV space, specializing in the manufacturing of two-wheelers and three-wheelers under the brand name Deltic.
- Key Milestones:
- 2017: Launched its first e-rickshaw with an impressive mileage of over 150 km.
- Product Range: Focuses on eco-friendly transportation solutions.
- Objective: Align with India’s transition to sustainable mobility.
How to Check Allotment Status
On NSE Website
- Visit NSE IPO Portal.
- Register or log in with your credentials.
- Select the company name from the dropdown menu.
- Enter your PAN number and application number.
- Verify using the captcha and click Get Data.
On Link Intime Portal
- Go to Link Intime India.
- Select the IPO name (available post allotment finalization).
- Choose the application mode: Application number, Demat Account number, or PAN ID.
- Provide the required details and security captcha.
- Submit to view your allotment status.
IPO Registrar Responsibilities
The registrar, Link Intime India, plays a pivotal role in ensuring a seamless IPO process. Their responsibilities include:
- Processing applications electronically.
- Managing allotment based on SEBI guidelines.
- Issuing refunds and ensuring credit of shares to successful applicants.
- Handling investor queries post-allotment.
Why Investors Are Excited About Delta Autocorp
- Booming EV Market: Delta Autocorp is positioned as a leader in India’s growing EV industry.
- Strong Demand: Robust subscription rates and rising GMP indicate investor confidence.
- Sustainable Growth: With a focus on innovation, the company aligns with global trends toward eco-friendly transportation.
Key Data: IPO Subscription Breakdown
| Investor Category | Subscription Rate |
|---|---|
| Non-Institutional Investors (NIIs) | 624.28 times |
| Retail Investors | 314.33 times |
| Qualified Institutional Bidders | 178.64 times |
| Overall | 342.1 times |
FAQs
What is Delta Autocorp’s primary business?
Delta Autocorp manufactures and sells two-wheelers and three-wheelers in the electric vehicle (EV) segment under the brand name “Deltic.”
What are the IPO allotment and listing dates?
The allotment will be finalized on January 10, 2025, and the shares will list on the NSE Emerge platform on January 14, 2025.
What is the grey market premium for Delta Autocorp?
The GMP was last recorded at Rs 125, suggesting listing gains of over 95%.
How do I check my allotment status?
You can check on the NSE or Link Intime portals by entering your PAN number and application details.
What was the IPO subscription rate?
The IPO was subscribed 342.1 times overall, with stellar participation from NIIs and retail investors.
Who is the registrar for the Delta Autocorp IPO?
Link Intime India is the registrar, responsible for processing applications and managing allotments.
What factors contributed to Delta Autocorp’s strong IPO response?
The booming EV market, strong product portfolio, and investor confidence in sustainable solutions drove the overwhelming response.
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