Delta Autocorp, a company operating in the field of manufacturing and selling of 2-wheelers and 3-wheeler EV is set to launch its public issue on January 7, 2025. The issue will be opened for subscription for a three day period and will close its bidding window on January 9, 2025.
Delta Autocorp IPO – GMP
Ahead of the opening of the NSE SME issue next week, the shares of Delta Autocorp is currently trading at a premium of Rs 50, indicating an estimated listing of Rs 180 per share or a 38.46 per cent gain over the issue upper price band of Rs 130 per shares.
However, it is important to note that this is an unofficial price depending on the market sentiments and may fluctuate based on the market trends.
Delta Autocorp IPO – Key highlights
The IPO priced between Rs 123 to Rs 130 per share. Retail investors can participate with a minimum lot size of 1,000 shares, requiring an investment of Rs 1,30,000. For high-net-worth individuals (HNIs), the minimum is two lots (2,000 shares), costing Rs 2,60,000.
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Delta Autocorp IPO – Risk factors
The risk factor noted by the company in the DRHP filing include:
“If our electric vehicles contain defects, do not perform as per industry standards and/or fail to meet the performance levels advertised, our brand and reputation and our ability to develop, market and sell our electric vehicles could be adversely impacted, and we may be compelled to undertake product recalls or similar corrective actions and have legal actions taken against us.”
“Our success depends on our ability to successfully develop, introduce, manufacture, market and deliver new electric vehicle models of high quality on schedule and on a large scale, which may expose us to new and increased challenges and risks.”
“We are dependent on our dealers for sale of our product. Loss of any or all such dealer may have an adverse impact on our business, results of operations and financial conditions.”
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Listing and allotment
After the bidding process,
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