Delta Auto Corp Ltd’s IPO will open today, know how much minimum investment is required?
Today is an important day for investors in the Indian stock market. Actually, Delta Auto Corp's IPO is going to open today. Investors will be able to bid in this IPO till January 9. Let us know the complete details about this IPO.
Delta Auto Corp Limited ‘s IPO is opening in the stock market today i.e. on 7 January. Investors will be able to bid in this IPO till 9 January. Yesterday, the stock market witnessed a big decline due to the HMPV virus. Nifty and all sectoral indices including Sensex were seen in the red, but meanwhile, a tremendous response was seen on Delta Auto Corp’s GMP.
In fact, despite the fall in the stock market, the spectacular rise in the GMP of Delta Auto Corp has made it a topic of discussion. Today the company’s IPO is going to open in the stock market. In such a situation, investors can show confidence in it. The company is giving investors a chance to bid till January 9.
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Know how much you will have to invest?
Delta Auto Corp’s IPO size is Rs 54.6 crore. The company has fixed the price band of its IPO at Rs 123 to Rs 130. If you are considering bidding in this IPO, then you will have to buy a lot of at least 1,000 shares. That is, you will have to invest a minimum of Rs 1,30,000. At the same time, if we talk about maximum investment, then you can buy two lots, which will cost around Rs 2,60,000.
Tremendous response on GMP
Let us tell you that on Monday, the Indian stock market saw a decline due to the HPV virus, but Delta Auto Corp performed brilliantly on GMP. 5 days ago, the company’s IPO was Rs 21 on GMP, but on Monday it reached Rs 110. In such a situation, the listing of Delta Auto Corp’s IPO is being said to be excellent. According to experts, considering the GMP, this IPO can be listed around Rs 240. However, it is important to take expert advice before making any kind of investment. The company’s IPO will be listed on the NSE SME platform on January 14.
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