Fri Jan 10 08:16:07 UTC 2025: ## Delta Autocorp IPO Oversubscribed 342 Times, Allotment Expected Friday

**Mumbai, January 10, 2024** – Delta Autocorp Ltd.’s initial public offering (IPO) has concluded with an overwhelming response, exceeding expectations by a significant margin. The issue, which closed on the NSE SME platform, was subscribed a staggering 342.1 times, with investors applying for 93,59,75,000 shares against the 27,36,000 shares on offer. This surge in demand drove the grey market premium (GMP) to a record high of Rs 125, suggesting a potential listing gain of 96.15% based on an estimated listing price of Rs 255.

Allotment of shares is expected to be finalized on Friday, January 10th. Investors can check their allotment status on the NSE website or the Link Intime India Pvt. Ltd. portal using their application number and PAN details. The shares are set to debut on the NSE SME platform, Emerge, on Tuesday, January 14th.

The IPO witnessed particularly strong interest from non-institutional investors (624.28 times oversubscription) and retail investors (314.33 times oversubscription). Qualified institutional buyers also showed significant interest, subscribing 178.64 times their allocated portion.

Delta Autocorp plans to utilize the IPO proceeds to establish a new 3-wheeler fabrication and painting plant, develop new products, address working capital requirements, and for general corporate purposes.

**Disclaimer:** Investing in IPOs involves market risks. Consult a financial advisor and thoroughly review the red herring prospectus before investing.

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