Denta Water IPO is a book-built issue that is designed to raise Rs 220.50 crore from the market. The full name of the company is Denta Water and Infra Solutions. It raised Rs 66 crore from anchor investors on January 21. Denta Water IPO opens today (Wednesday), January 22, 2025 for bidding. The allotment of shares of the company is scheduled to be carried out on January 27, while the IPO will list on both BSE and NSE on January 29, 2025. The refund of application money to unsuccessful bidders will be returned on January 28.
Denta Water and Infra Solutions was set up in 2016. It is in the business of providing water and infrastructure solutions and specialises in designing, installing, and commissioning water management infrastructure projects, EPC and delivering turnkey projects. Groundwater recharge projects constitute an area of core competence of the company. The company has executed prominent projects such as Byrapura, Hiremagaluru LIS, and KC Valley.
Denta Water IPO GMP
Denta Water IPO lastest GMP (Grey Market Premium) stood at Rs 165 on the morning of January 22, 2025. Considering an issue price of Rs 294, the listing price of Denta Water IPO can be Rs 459, which would entail a listing gain of 56.12%. According to investorgain, the GMP of the issue jumped from Rs 45 on January 17 to Rs 165 on January 20, the level where it stood on January 21. However, it must be kept in mind that GMP is an unofficial gauge that varies with time and does not guarantee anything — listing gain or loss.
Denta Water IPO price, lot, allotment
The management of Denta Water and Infra Solutions has set the price band of one share of the company at Rs 279-294. The minimum number of shares that one has to apply for is 50 shares, which calls for a minimum application money of Rs 14,700 for retail investors. For the category of investors, those labelled as sNII have to apply for a minimum of 14 lots (or 700 shares), which will cost Rs 2,05,800. The minimum lot size for bNII investors is 69 lots (or 3,450 shares), which will entail an application money of Rs 10,14,300. SMC Capitals has been appointed as the book running lead manager, while Integrated Registry Management Services is the registrar for the issue.
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Denta Water IPO is designed to raise Rs 220.50 crore from the market. Denta Water IPO opens today (Wednesday), January 22, 2025 for bidding and Denta Water IPO GMP indicates a hefty 56.12% on the day when bidding opens. The allotment of shares of the company will take place on January 27, while the IPO will list on both BSE and NSE on January 29, 2025. The refund of application money to unsuccessful bidders will be returned on January 28. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
