Delta Autocorp IPO GMP Soars Ahead Of Allotment; Check Status And Latest Grey Market Premium

Delta Autocorp Ltd. is likely to finalise the allotment of shares for its initial public offering (IPO) on Friday, Jan. 10. This comes after the issue closed with a strong subscription on the NSE SME. Delta Autocorp IPO was subscribed 342.1 times, with investors across categories applying for 93,59,75,000 shares as compared to 27,36,000 shares on offer. The tremendous interest from investors saw the Delta Autocorp IPO grey market premium jump to an all-time high of Rs 125.

The public issue was subscribed 624.28 times in the non-institutional investors category, with retail investors following the lead with a subscription rate of 314.33 times. Qualified institutional buyers applied for 178.64 times the portion allocated to them.

Shares of Delta Autocorp Ltd. are set to debut on the NSE SME platform, Emerge on Tuesday, Jan. 14. 

Investors who have bid for Delta Autocorp IPO can check their allotment details on Friday by logging into the NSE website or by going to the registrar, Link Intime India Pvt.’s portal.

• Visit the allotment status check page of the NSE here.

• Log in or sign up with your username and password. 

• Select ‘Delta Autocorp Ltd.’ from the dropdown menu.

• Verify the applicant’s PAN details.

• Enter the application number for the IPO.

• Click Submit option to check the allotment details.

• Visit the IPO allotment page on Link Intime India here.

• From the dropdown menu, select 'Delta Autocorp Ltd.' from the list of companies.

• Choose from PAN, Application Number, DP/Client ID or Account Number/IFSC to view your allotment status.

• Enter the required details based on your selection.

• Hit 'Submit' to check the allotment status.

The grey market premium on Delta Autocorp IPO was Rs 125 as of 8:29 a.m. on Jan. 10, according to InvestorGain. This indicates a listing gain of 96.15%, with the listing price being Rs 255 apiece.

The GMP trends data have shown a regular increase in the grey market price for the shares since the issue opened for subscription on Jan. 7.

The table below shows the movement of Delta Autocorp IPO GMP and the estimated listing price and gain of shares since Jan. 4

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Delta Autocorp said it will utilise the proceeds from the fresh issue of the IPO to set up a 3-wheeler fabrication plant and painting plant. The funds will also be used for developing new products, working capital needs and general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.