Fri Jan 10 10:20:34 UTC 2025: ## Delta Autocorp IPO Allotment Announced Today; Oversubscribed by 342 Times

**Mumbai, January 10, 2025** – The allotment status for the highly oversubscribed Delta Autocorp Forgings IPO is being finalized today. The IPO, open for subscription from January 7th to 9th, saw a phenomenal response, exceeding expectations by a factor of 342. Individual investor segments were particularly enthusiastic, with the retail portion oversubscribed 314 times and the non-institutional investor (NII) segment a staggering 624 times. The qualified institutional buyer (QIB) portion was oversubscribed 178.64 times.

Investors can check their allotment status through the registrar, Link Intime India Private Ltd. ([https://linkintime.co.in/initial_offer/public-issues.html](https://linkintime.co.in/initial_offer/public-issues.html)), or via the NSE website ([https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp](https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp)). Due to high retail demand, shares will be allocated proportionally. Refunds for unsuccessful applicants will begin on January 13th, 2025, with allotted shares credited to demat accounts on the same day.

The SME IPO is slated to list on the NSE SME platform on January 14th, 2025.

The grey market premium (GMP) currently stands at ₹117 per share, suggesting a potential listing price of around ₹246 (adding the GMP to the issue price of ₹130), representing a 90% premium. Investors are cautioned that the GMP is an unofficial indicator and shouldn’t be the sole basis for investment decisions.

Delta Autocorp manufactures and sells electric two-wheelers and three-wheelers under the brand name “Deltic,” including e-rickshaws, e-scooters, and other vehicles, along with related spare parts.

**Disclaimer:** This information is for general knowledge only and does not constitute investment advice. Consult with a financial advisor before making any investment decisions.

Read More