₹ 130000
₹123- ₹130
1000
₹175
35
9 Jan 2025
Download13 Jan 2025
14 Jan 2025
Application Details
The IPO of Delta Autocorp Limited will open for subscription from January 7, 2025, to January 9, 2025, with a price band of ₹123 to ₹130 per share and a face value of ₹10 per share. Investors can apply in lots of 1,000 shares. The total issue size comprises 42,00,000 shares, aggregating up to ₹54.60 crore, which includes a fresh issue of 38,88,000 shares (₹50.54 crore) and an Offer for Sale of 3,12,000 shares (₹4.06 crore). The IPO follows a Book Built Issue format and will list on the NSE SME platform.
Key dates include the basis of allotment on January 10, 2025, initiation of refunds on January 13, 2025, and credit of shares to demat accounts on the same day. The shares are scheduled to be listed on January 14, 2025. Investors using UPI must confirm their mandate by 5 PM on January 9, 2025.
About Delta Autocorp Limited (SME IPO)
Incorporated in 2016, Delta Autocorp Limited specializes in the manufacturing and sale of electric 2-wheelers and 3-wheelers, operating under the brand name "Deltic." The company initially focused on developing electric 3-wheeler prototypes and achieved a significant milestone in 2017 with the launch of its first E-Rickshaw, offering an impressive mileage of over 150 km.
Recognizing market trends and evolving customer preferences, Delta Autocorp expanded into the electric 2-wheeler segment. Prototype development began in 2018, and by 2019, the company introduced affordable and durable scooters tailored for tier-2 and tier-3 towns.
With a robust network of over 300 dealers across 25 states and Union Territories, Delta Autocorp primarily focuses on B2B transactions. The company aspires to establish itself as a global brand by delivering cost-effective and practical products backed by exceptional service.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.