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Denta Water IPO Listing Today: Unlisted shares of Denta Water and Infra Solutions Ltd are presently trading at Rs 370 each in the grey market, which is a 25.85 percent costs over the top IPO rate of Rs 294.
Denta Water IPO Listing Today.
Denta Water IPO Listing Today: As the IPO allocation has actually been settled after a lengthy hold-up, Denta Water and Infra Solutions Ltd is readied to make a securities market launching with shares mosting likely to be noted on both BSE and NSE at 10 am today,Wednesday According to market viewers, the most up to date GMP suggests a 24.83 gain for capitalists on Wednesday.
The IPO was shut on January 24 and obtained a tremendous 221.54 times registration. As per a timetable, the allocation was to be initially settled on January 27.
Denta Water IPO GMP Today
According to market viewers, unpublished shares of Denta Water and Infra Solutions Ltd are presently trading at Rs 370 each in the grey market, which is a 25.85 percent costs over the top IPO rate of Rs 294. It suggests a solid listing gain for capitalists on January 29.
The GMP is based upon market beliefs and maintains transforming. ‘Grey market premium’ suggests capitalists’ preparedness to pay greater than the concern rate.
Denta Water IPO: How To Check Allotment Status Online?
The Denta Water IPO allocation will certainly occur on Monday, January 27. The IPO allocation condition can be inspected on the internet by adhering to these actions:
1) Go to the main BSE site through the link– https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, pick ‘Equity’.
3) Under ‘Issue Name’, pick ‘Denta Water and Infra Solutions Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (FRYING PAN).
5) Then, click the ‘I am not a robot’ to validate on your own and strike the ‘Search’ choice.
Your share application condition will certainly show up on your display.
You can additionally see straight on the registrar Integrated Registry Management Services Pvt Ltd’s website– and examine the Denta Water IPO allocation condition.
Denta Water IPO: More Details
The going public of Denta Water and Infra Solutions Ltd, which was open in between January 22 and January 24, obtained a tremendous 221.54 times registration gathering quotes for 1,16,31,09,250 shares versus 52,50,000 shares available. The retail classification obtained a 90.38 times registration in overall, the NII part obtained 507.07 times registration. Its QIB classification has actually been registered for by 236.94 times.
The rate band of the Rs 220.50-crore IPO was repaired at Rs 179 to 294 each.
The IPO had actually gotten a 17.29 times registration on Day 1 and a 50.9 registration on Day 2.
The Denta Water and Infra Solutions IPO is completely a fresh concern of 75 lakh equity shares worth Rs 220.5 crore at the top end of the rate band.
The firm on Tuesday claimed it has actually elevated a little over Rs 66 crore from support capitalists. The concern, with a rate band of Rs 279-294 per share, will certainly end for public registration on January 24.
Proceeds for Rs 150 crore will certainly be used for conference functioning resources needs and a section will certainly be made use of for basic company objective.
Founded in 2016, Denta Water and Infra Solutions Ltd has actually become among the principals in the area of water design, purchase, and building and construction (EPC) solutions.
It has actually finished 32 water monitoring jobs out of which 11 jobs were embarked on as the major service provider, 1 job under a consortium/joint endeavor plan and 20 jobs embarked on under a sub-contract plan with the major service provider.
