The much-awaited Denta Water & Infra Solutions IPO allotment status has been declared today, January 28, at approximately 4 PM. The announcement comes after a slight delay attributed to heavy website traffic, as eager investors sought updates. This IPO, a fresh issue of 75 lakh equity shares worth Rs 220.5 crore, has captured significant investor attention.
Oversubscription & Allotment Timeline
The IPO closed for bidding on January 24 and recorded an overwhelming subscription of 221.52 times. The company raised Rs 66 crore from anchor investors earlier, underscoring strong institutional interest. Priced in the range of Rs 279–Rs 294 per share, the public issue was expected to finalize allotment details earlier today in preparation for its listing on January 29.
Despite the delays, the registrar, Integrated Registry Management Services, reassured investors: 'We are uploading the allotment details, which may be completed within the next half to one hour,' an official informed.
Steps to Check Denta Water & Infra IPO Allotment Status
Investors can access their allotment status through multiple platforms, including the registrar's website, NSE, and BSE portals. Here’s a step-by-step guide for each:
On Integrated Registry Management Services
- Visit the Integrated Registry Management Services website.
- Select Denta Water & Infra Solutions from the dropdown.
- Input your PAN, Application Number, or DP Client ID.
- Click on 'Submit' to view your allotment status.
On NSE
- Go to the NSE IPO Allotment Page.
- Register and log in.
- Select Denta Water & Infra Solutions from the IPO list.
- Enter your Application Number and click 'Submit.'
On BSE
- Navigate to the BSE Investor Services page.
- Click on "Application Status Check" under the "Investor Services" section.
- Choose "Equity" as the issue type and fill in required details such as the Issue Name and PAN Number.
- Click on "Search" to retrieve your status.
GMP (Grey Market Premium) Trends
Market observers report a GMP of Rs 72 for Denta Water & Infra Solutions, indicating a potential listing premium of 24.48% over the issue price. This strong premium reflects optimistic investor sentiment in the unofficial market. However, actual listing prices may vary based on broader market conditions.
Fund Utilization
The IPO proceeds will be utilized for the following purposes:
- Rs 150 crore for working capital requirements.
- Remaining funds for general corporate purposes.
About Denta Water & Infra Solutions
Established in 2016, Denta Water & Infra Solutions Ltd specializes in water engineering, procurement, and construction (EPC) services. Over the years, it has positioned itself as a key player in the sector, catering to a diverse clientele and addressing critical infrastructure needs.
The Denta Water & Infra IPO has garnered significant attention for its strong subscription numbers and robust GMP trends. Investors who participated in the offering can now verify their allotment status and prepare for its listing tomorrow, January 29.
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