Denta Water and Infra Solutions Ltd. has wrapped up its initial public offering (IPO) with a staggering subscription rate of 221.68 times, showcasing strong investor confidence. The shares are currently trading at a 41% premium in the grey market, setting the stage for an impressive debut on January 29, 2025.
As a company focused on water infrastructure solutions, Denta Water and Infra Solutions Ltd has made a significant impact with its IPO. The subscription period ran from January 22 to January 24, 2025, during which the issue was oversubscribed by an incredible 221.68 times according to data from the National Stock Exchange (NSE). Retail subscriptions accounted for 90.56 times, while Non-Institutional Investors (NII) subscribed at a remarkable 507.27 times and Qualified Institutional Buyers (QIBs) at 236.94 times. The price range for the IPO was set between Rs 279 and Rs 294 per share, raising a total of Rs 220.50 crore through fresh equity shares.
Grey Market Premium (GMP): A Positive Sign
The shares of Denta Water have generated considerable excitement in the grey market, boasting a premium of Rs 121. This suggests an anticipated listing price of around Rs 415, which is approximately 41% higher than the upper limit of the IPO price band. Market analysts attribute this optimism to the company’s strong growth potential.
How to Check Allotment Status
Investors can verify their allotment status for the Denta Water and Infra IPO through either the BSE or the Integrated Registry Management websites.
BSE Website Steps:
1. Access the BSE IPO Allotment Page to check your status.
2. Select “Equity” under Issue Type.
3. Choose “Denta Water and Infra Solutions Limited” from the dropdown list of available companies.
4. Enter your Application Number or PAN in the required fields.
5. Click on Search after confirming your details.
Integrated Registry Management Website Steps:
1. Go to the Integrated Registry Allotment Page.
2. Choose IPO from the allotment options.
3. Select the company name from the list.
4. Fill in your Application Number or PAN details.
5. Submit to check your allotment status.
IPO Listing Details
Denta Water and Infra Solutions Ltd. shares are set to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 29, 2025. Given the high subscription rates and significant grey market premium, investors and analysts are anticipating a robust listing.
Lead Managers and Registrars
SMC Capitals served as the book-running lead manager for this IPO, while Integrated Registry Management Services Pvt Ltd acted as the registrar. The funds raised will strengthen operational capabilities and expand the company’s project portfolio, positioning Denta Water favorably within the water and infrastructure solutions sector. Analysts believe that strong demand from institutional and retail investors reflects optimism about the company’s future growth prospects.
