support@headlinenews360.com
Due to HMPV virus, the stock market collapsed on Monday i.e. 6th January. Nifty, Sensex all turned red. But, amidst all this, there was one IPO whose GMP is continuously increasing. The GMP of the IPO which was Rs 21 till 5 days ago, today despite the huge fall, it increased to Rs 110. Let us tell you about this IPO in detail.
Delta AutoCorp Limited IPO
The increasing demand for electric vehicles in India has given a boost to the automobile sector. Gave new direction. In this series, now electric vehicle manufacturer Delta Autocorp Limited has announced the launch of its IPO. This IPO will be open for subscription from January 7, 2025 to January 9, 2025.
Delta AutoCorp’s IPO will be in the price band of Rs 123 to 130. Retail investors will have to buy a lot of at least 1,000 shares. That means they will have to invest Rs 1,30,000.
At the same time, high-net-worth individuals (HNIs) will have to buy at least 2 lots, which will cost Rs 2,60,000. The allotment of shares is expected to be completed on January 10, 2025 and this IPO may be listed on the NSE SME platform on January 14, 2025.
Grey Market Premium (GMP) is on the rise. >
There is a dialogue of Munna Bhaiya in Mirzapur, ‘Jalwa hai hamara yahan’. This IPO is also gaining popularity in the gray market. According to the report of Investorgain.com, the GMP of this IPO was Rs 21 on January 1, 2025, which increased to Rs 110 on January 6, 2025. That is, while the entire stock market collapsed due to HMPV, the GMP of this IPO remained as firm as a rock. Experts believe that if GMP continues like this, then this share can be listed around Rs 240, which will be 84 percent more than the issue price.
What does Delta AutoCorp Limited do >
Delta Autocorp Limited was established in May 2016. The company works in the field of manufacturing and selling 2-wheeler and 3-wheeler electric vehicles. The company’s vehicles use components manufactured by OEMs, which are manufactured based on Delta’s engineering and design specifications.
Disclaimer: (The information provided here is for informational purposes only. It is important to note that investing in the market is subject to risks. Before investing any money, always take advice from ABPLive.com. Never advised.)
