Delta Autocorp IPO subscription started on Monday, January 7, 2025, and will close on January 9, 2025, as per the schedule. The price band is set at ₹123 to ₹130 per share with a face value of ₹10.
Delta Autocorp IPO Subscription Status
Delta Autocorp IPO Subscribed over 13.72x on its First day till 05.00 PM on 7th January 2025.
- Delta Autocorp IPO subscription QIB investors portion is 0.78x times, while NII subscribed 8.37x times and RII investors subscribed 23.38x times.
- The company has received bids for 3,75,06,000 shares against 27,36,000 shares on offer on the First day.
- Delta Autocorp IPO Subscribed over 13.72x on day 1.
About Delta Autocorp IPO
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.
Delta Autocorp IPO Company Financial Report
The company reported revenue of ₹80.56 crore in 2023 against ₹57.53 crore in 2022. The company reported a profit of ₹5.13 crores in 2023 against a Profit of ₹4.20 crores in 2022.
Delta Autocorp IPO GMP:
Delta Autocorp IPO GMP was ₹110 as of Tuesday, 7th January. That indicates the IPO is trading at ₹240 with ₹110 premium in the grey market against the issue price of ₹130.
