Denta Water IPO allotment status: Today, Monday, January 27, 2025, is probably when the basis for allocating the Denta Water and Infra Solutions IPO shares will be finalized. On Friday, January 24, 2025, the public offering closed for subscriptions. Investors responded enthusiastically, and it was oversubscribed by 221.68 times.
Investors can check their status on the official websites of the BSE, NSE, or Integrated Registry Management Services, the issue's registrar, after the Denta Water IPO allocation is finalized.
Final subscription status for Denta Water's IPO
Denta Water's public offering of Rs 220.50 crore, with a lot size of 50 shares and a price range of Rs 279-294, received bids for 1,16,38,18,100 shares out of the 52,50,000 shares that were offered. According to data available on the BSE, this resulted in an oversubscription of 221.68 times by the end of the subscription period.
Non-Institutional Investors (NIIs) exhibited the strongest demand during the Denta Water IPO, purchasing 507.27 times the quota allotted to them. Next in line were Retail Individual Investors (RIIs), who subscribed 90.56 times, and Qualified Institutional Buyers (QIBs), who bid 236.94 times their allotted quota.
Grey market premium (GMP) for Denta Water's IPO today
According to sources monitoring grey market activity, Denta Water's unlisted shares were trading at Rs 414 apiece, representing a grey market premium (GMP) of Rs 120, or 40.82 percent, over the upper end of the IPO price band of Rs 294.
Prediction of Denta Water's IPO listing price
On Wednesday, January 29, 2025, shares of Denta Water are expected to go public on the BSE and NSE. Denta Water shares could list at about Rs 414 a share if current grey market trends continue, which would represent a return of about 41% over the upper band of the issue price. Since the grey market is unregulated, these estimates could differ, and GMP shouldn't be regarded as a trustworthy performance indicator.
Infra Solutions and Denta Water
In 2016, Denta Water and Infra Solutions was established as a provider of water and infrastructure solutions. Groundwater recharge projects are among the water management infrastructure projects that the company designs, implements, and commissions. In addition to owning land in Karnataka for agricultural production, Denta Water has completed projects in Bengaluru. As of November 30, 2024, the company has finished 32 projects and offers a variety of water management services. It also works on highway and railroad construction projects.
