Published on: January 23, 2025
Denta Water & Infra IPO opened for subscription on January 22 and will close on January 24. The company aims to raise ₹220.50 crore, which will help expand its water management projects and infrastructure services.
Day 2 performance after first day success Denta Water & Infra Solutions Ltd. IPO has entered the second day. The IPO received an overwhelming response on the first day and was fully subscribed.
According to BSE data, it was subscribed 17.05 times on the first day, where bids were received for 8,95,10,100 shares against 52,50,000 shares. Subscription status across different investor categories The portion reserved for retail investors received 17.63 times the subscription.
The portion for non-institutional investors (NIIs) received a subscription of 36.21 times. The portion for qualified institutional buyers (QIBs) was booked 1.67 times. IPO Key Details The Denta Water & Infra IPO launched on January 22 and will close on January 24.
It raised ₹66 crore from anchor investors ahead of the IPO. Its price band has been fixed at ₹279 to ₹294 per share. The entire issue is of 75 lakh new equity shares, aggregating to ₹220.5 crore (at the higher end of the price band).
Of this, ₹150 crore will be allocated for working capital requirements and the balance for general corporate activities. Book-running lead manager SMC Capitals is acting as the exclusive book-running lead manager for this IPO.
Given the strong investor interest in Denta Water & Infra IPO, it is advisable to keep a close watch on its Grey Market Premium (GMP) and subscription data.
Denta Water IPO Expected Returns is 44%. The Grey Market Premium (GMP) of this IPO is ₹130.
