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Unlisted shares of Delta Autocorp Ltd are at present buying and selling at Rs 240 apiece within the gray market, which is a 84.62 per cent premium over the higher IPO worth of Rs 130. It signifies a sturdy itemizing achieve for buyers on January 14.
Delta Autocorp IPO.
Delta Autocorp IPO: The preliminary public provide (IPO) of Delta Autocorp Ltd, which opened on Tuesday, has up to now obtained a powerful response from buyers. The worth band of the Rs 54.60-crore IPO, which can be closed on January 9 (Thursday), has been mounted at Rs 123 to 130 apiece. Till 11:19 am on the second day of bidding on Wednesday, the IPO received a 24.48 instances subscription receiving bids for six,69,72,000 shares towards 27,36,000 shares on provide.
So far, the quota for retail buyers received subscribed by 42.09 instances. The non-institutional buyers (NII) portion obtained a 14.96 instances subscription. The QIB class has obtained a 0.78 instances subscription.
The IPO allotment will seemingly happen on January 10, whereas the itemizing is scheduled to happen on January 14.
Delta Autocorp IPO GMP Today
According to market observers, unlisted shares of Delta Autocorp Ltd are at present buying and selling at Rs 240 apiece within the gray market, which is a 84.62 per cent premium over the higher IPO worth of Rs 130. It signifies a sturdy itemizing achieve for buyers on January 14.
Delta Autocorp IPO: More Details
The Delta Autocorp IPO is a mix of recent challenge of 38.88 lakh shares aggregating to Rs 50.54 crore and a proposal on the market of three.12 lakh shares aggregating to Rs 4.06 crore.
The Delta Autocorp IPO bidding opened for subscription on January 7, 2025 and can shut on January 9, 2025. The allotment for the Delta Autocorp IPO is predicted to be finalised on Friday, January 10, 2025. Delta Autocorp IPO will checklist on NSE SME with tentative itemizing date mounted as Tuesday, January 14, 2025.
Delta Autocorp IPO worth band is about at Rs 123 to Rs 130 per share. The minimal lot measurement for an utility is 1,000. The minimal quantity of funding required by retail buyers is Rs 1,30,000. The minimal lot measurement funding for HNI is 2 heaps (2,000 shares) amounting to Rs 2,60,000.
GYR Capital Advisors Private Limited is the e-book working lead supervisor of the Delta Autocorp IPO, whereas Link Intime India Private Ltd is the registrar for the problem.The market maker for Delta Autocorp IPO is Giriraj Stock Broking Private Limited.
