Fri Jan 10 09:05:38 UTC 2025: ## Delta Autocorp IPO Allotment Status Now Available; Grey Market Premium Soars
**Mumbai, January 10, 2025** – Investors who participated in the Delta Autocorp IPO can now check their allotment status. The electric vehicle manufacturer’s initial public offering (IPO), which closed on January 9th after being oversubscribed by 342.1 times, has seen a significant surge in grey market premium (GMP).
The IPO, priced between ₹123 and ₹130 per share, saw robust demand across all categories: retail (314.33 times), qualified institutional buyers (QIB) (178.64 times), and non-institutional investors (NII) (624.28 times). Investors can access their allotment status via the National Stock Exchange (NSE) website and the registrar, Link Intime India.
The grey market currently indicates a GMP of ₹125, representing a potential 96.15% upside from the upper issue price of ₹255. It’s crucial to remember that the GMP is not a guaranteed listing price and is subject to market fluctuations. Delta Autocorp shares are scheduled to debut on the NSE SME platform on January 14th.
GYR Capital Advisors served as the book running lead manager for the IPO, while Giriraj Stock Broking acts as the market maker. Delta Autocorp, founded in 2016, manufactures and sells electric two- and three-wheelers under the “Deltic” brand.
First Piper 