Denta Water IPO: Denta Water IPO..Subscribe Fully in Minutes..Check GMP
Denta Water’s IPO on January 22 received an overwhelming response from investors. The IPO was fully subscribed within an hour. It is noteworthy that the IPO was fully subscribed within minutes of the bidding opening. It will close on January 24. Denta Water IPO worth Rs 220.50 crore received 6.59 times subscription till 12:14 pm on the first day of auction. Bids were received for 3,46,23,500 shares instead of 52,50,000 shares. ,
subscribe heavily
So far, retail category has received 7.61 times subscription, NII has received 10.95 times subscription and Qualified Investment Buyers category has received 1.55 times subscription. The allotment of its shares will be finalized on January 27 after the IPO closes on January 24. Listing will take place in NSE and BSE on 29 January. The price band has been fixed between Rs 279 to Rs 294. The company has set a target of raising a total of Rs 220.50 crore through this IPO.
gmp price
Gray market premium According to Investorgain.com, Denta Water’s share price is expected to trade at a premium of Rs 165. According to market observers, shares of Denta Water and Infra Solutions Ltd are currently priced at Rs 459 in the gray market. Experts believe that this indicates strong listing profits. But GMP depends on market sentiments. may vary. Gray market premium increases investors’ willingness to pay more than the issue price.
target of 220 crores
Denta Water and Infra Solutions IPO through price band of Rs. It aims to sell 75 lakh shares worth Rs 220.5 crore. The company said on Tuesday that it has raised more than Rs 66 crore from anchor investors. Membership expires on January 24th. Of the funds received from IPO, Rs. Rs 150 crore will be used to meet working capital requirements. A portion is used for general corporate purpose.
Many projects in the company’s list
Denta Water & Infra Solutions Limited (DWISL) was established in 2016. A leading company in the field of engineering, procurement, construction (EPC) services. It has also undertaken construction projects in the railway and highway sectors. It has completed 32 water management projects. The company is the main contractor for 11 of these projects. 1 project under consortium/joint venture arrangement, 20 projects under sub-contract arrangement with the main contractor.
Note: This is not investment advice. Just information about IPO. Seek relevant expert advice before investing.