
Consumer Discretionary / Automotive · NSE
Delta Autocorp Limited, established in 2016, is a company that makes and sells electric 2-wheelers and 3-wheelers, meeting the growing demand for EVs in India. Starting with electric 3-wheelers, the company launched its first E-Rickshaw in 2017, offering an impressive range of over 150 km. In 2019, Delta expanded to electric 2-wheelers, introducing affordable and durable scooters designed for smaller cities and towns. With a strong network of 250+ dealers across 24 states and Union Territories, the company focuses on providing cost-effective and reliable products for businesses. As of January 31, 2024, Delta Autocorp has 141 employees and is working towards becoming a global leader in the EV industry.
Price Band
₹123 – ₹130
Issue Size
₹54.60 Cr
Lot Size
1000 shares
GMP
+80.8%
Est. Listing
₹235
at current GMP
Subscribed
309.00x
overall
Open
7 Jan 2025
Close
9 Jan 2025
Allotment
10 Jan 2025
Refund
11 Jan 2025
Demat Credit
12 Jan 2025
Listing
14 Jan 2025
Designated Registrar: Link Intime India Private Limited
Allotment Date
10 Jan 2025
Basis finalization
Refunds Initiate
11 Jan 2025
Mandate release
Demat Credit
12 Jan 2025
Shares in demat
Listing Debut
14 Jan 2025
Trading begins
Delta Autocorp Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Automotive sector with an aggregate issue size of ₹54.6 Crores. The shares are offered at a price band of ₹123 to ₹130 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,30,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-01-12, while un-allotted funds or UPI block mandates will be released on 2025-01-11.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.