ListedSMEAutomobile Two & Three WheelersDELTIC

Delta Autocorp IPO

Delta Autocorp IPO is an SME IPO raising ₹54 Cr at ₹123 – ₹130 a share. It listed on 14 Jan 2025 at ₹175, +34.6% against its issue price of ₹130, and trades at ₹34 today (−74.2% since issue). It was subscribed 206× in total.

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₹130

Issue price

₹34

Price now

−74.2%

Since issue price

14 Jan 2025

Listed on

206×Subscribed (final) · all exchanges

205.8 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹123 – ₹130

Cut-off price₹130

Issue size₹54 Cr

Shares per lot1000

Minimum application₹1,30,000

Minimum quantity1000

Face value₹10

Listing exchangesNSE

ISININE0XRN01019

Bidding hours10:00 – 17:00 IST

Bidding window7 Jan 2025 – 9 Jan 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.