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Denta Water and Infra Solutions Ltd’s shares have actually been noted at a costs of 12.2 percent at Rs 330 each on the NSE, versus the IPO concern cost of Rs 294.
Denta Water and Infra Solutions IPO Listing.
Denta Water and Infra Solutions Ltd, a water and facilities remedies carrier, on Wednesday made its stock exchange launching. Its shares have actually been noted at a costs of 12.2 percent at Rs 330 each on the NSE, versus the IPO concern cost of Rs 294.
On the BSE, the shares have actually been noted at Rs 325 each.
“The business made a silent stock exchange launching, detailing forRs 330 per share, a considerable 12% costs over its concern cost ofRs 294. Participants in the going public (IPO) might hang on their shares for a long period of time,” said Shivani Nyati, head of wealth at Swastika Investmart Ltd.
She added that Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company engaged in designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.
“The company has in-house expertise in designing and engineering of water management infrastructure projects. It had an order book worth over Rs 752 crore and the IPO is priced fairly,” she stated.
The IPO was shut on January 24 and got a monstrous 221.54 times registration. As per the GMP in the early morning prior to the listing, the business’s shares were anticipated to be noted at a costs of almost 25 percent.
