The Delta Autocorp IPO minimum market lot is 1,000 shares with ₹1,30,000 application amount. The Delta Autocorp IPO is a SME IPO, and it is to be listed on NSE.
Founded in 2016, Delta Autocorp Limited is one of the growing companies in manufacturing and selling of 2-wheelers & 3-wheelers. They manufacture electric vehicles using advanced components from Original Equipment Manufacturers (OEMs). They also designed specific components for their vehicles. The company mostly focused on developing electric 3-wheelers at first and running their business smoothly. In 2017, they decided to launch the first E-rikshaw, offering an incredible range of over 150 kilometers. After analyzing their customer’s requirements, they decided to widen their product portfolio by adding electric 2W vehicles. In 2018 they saw the hype around 2W vehicles and started developing prototypes of electric-2 wheelers and in 2019 they launched the first electric 2W model. They are first to hear the demand of their customers and launch 2-tier and 3-tier scooters which are not only stylish but affordable and sturdy too. Delta Autocorp Limited mainly focuses on Working in B2B business transactions. As of now, the business currently collaborates with over 250 strong distribution networks.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Delta Autocorp IPO Subscription Status – Day 2
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.78 | 0.78 | 0.00 |
| NII | 8.34 | 15.74 | 0.00 |
| RII | 23.26 | 45.42 | 0.00 |
| Total | 13.64 | 26.31 | 0.00 |
Delta Autocorp IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Delta Autocorp IPO Review and Rating
- May Apply
Delta Autocorp IPO Form
How to apply for the Delta Autocorp IPO? You can apply for Delta Autocorp IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Delta Autocorp IPO in the Invest section. The other option is you can apply for Delta Autocorp IPO via IPO forms downloaded online. Check out the Delta Autocorp forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
