Due to HMPV virus, the stock market collapsed on Monday i.e. sixth January. Nifty, Sensex all turned pink. But, amidst all this, there was one IPO whose GMP is constantly rising. The GMP of the IPO which was Rs 21 until 5 days in the past, right this moment regardless of the big fall, it elevated to Rs 110. Let us inform you about this IPO in element.
Delta AutoCorp Limited IPO
The rising demand for electrical automobiles in India has given a increase to the vehicle sector. Gave new course. In this sequence, now electrical automobile producer Delta Autocorp Limited has introduced 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 value band of Rs 123 to 130. Retail buyers will have to purchase a lot of no less than 1,000 shares. That means they will have to make investments Rs 1,30,000.
At the identical time, high-net-worth people (HNIs) will have to purchase no less than 2 tons, which will value Rs 2,60,000. The allotment of shares is anticipated to be accomplished on January 10, 2025 and this IPO could 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 can also be gaining reputation in the grey market. According to the report of Investorgain.com, the GMP of this IPO was Rs 21 on January 1, 2025, which elevated to Rs 110 on January 6, 2025. That is, whereas the total stock market collapsed due to HMPV, the GMP of this IPO remained as agency as a rock. Experts consider that if GMP continues like this, then this share can be listed round Rs 240, which will be 84 % greater than the problem value.
What does Delta AutoCorp Limited do >
Delta AutoCorp Limited was established in May 2016. The firm works in the subject of manufacturing and promoting 2-wheeler and 3-wheeler electrical automobiles. The firm’s automobiles use elements manufactured by OEMs, that are manufactured primarily based on Delta’s engineering and design specs.
Disclaimer: (The info supplied right here is for informational functions solely. It is vital to be aware that investing in the market is topic to dangers. Always search knowledgeable recommendation from ABPLive.com earlier than investing any cash. Never suggested.)
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