Delta Autocorp IPO opens on Jan 7: GMP up by 35%; Price band, risk factors and key details of the upcoming NSE SME issue

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.

Also Read: Indo Farm Equipment IPO allotment today: How to check your allotment status online

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.”

Also Read: Technichem Organics IPO allotment today: How to check your allotment status online on BSE, Bigshare Services 

Listing and allotment

After the bidding process,

 » Read More

Related Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

BluSmart denies reports of acquisition discussions with Uber

EV cab aggregator BluSmart has denied reports of being in discussions or negotiations with Uber regarding a possible acquisition. A spokesperson from BluSmart told CNBC TV18 that reports suggesting such a development are entirely speculative and unfounded.  The company spokesperson further maintained that BluSmart remains focused on scaling its operations, expanding its footprint, and driving

Welspun Corp bags new orders worth Rs 2,400 crore for supply of coated pipes in the US

Welspun Corp Ltd on Monday announced that it has received a new order worth Rs 2,400 crore (approx) in the US. The order, it added, is for supply of coated pipes for Natural Gas Pipeline Projects in the USA.  In a regulatory filing, the company said that the orders will be executed largely during FY26

Can the Nifty scale past 23,000 this week? A look at key levels to watch

All eyes are on the market levels this week after the Nifty failed to close above 22,500 last week. Positive global cues are expected to boost sentiment. Market participants have noted that the Nifty 50 needs to jump above the 22,500 mark decisively for an uptrend as this has become a key resistance level while

Upcoming Dividend, Bonus, Stock Split: From PFC to IRFC, A look at key corporate action this week

For stock market investors, few things are as exciting as corporate rewards such as dividends landing in their accounts, extra shares through bonuses, or stock splits making pricey stocks more affordable. And this week, there is a lot happening on that front. Some of the most watched stocks include Indian Railway Finance Corporation (IRFC), Power

Upcoming IPOs: 1 mainboard, 3 SME issues open for subscription this week, 2 new listings to hit the market

The IPO market is back in action. After a relatively quiet spell, the primary market is heating up again with four new public issues set to open for subscription this week. Investors can look forward to one mainboard IPO and three SME IPOs hitting the Street, while two recently concluded issues will make their market