Denta Water and Infra IPO Allotment Date in Focus: GMP and Steps to Check Allotment Status Online
Denta Water and Infra IPO Allotment: The initial public offering (IPO) of said Water and Infra Solutions Ltd has concluded with an outstanding response from investors. Now, all eyes are on the Denta Water and Infra IPO allotment date, which is anticipated to be today, January 27.
The public offer was open for subscription from January 22 to 24. The subject Water and Infra IPO allotment status is expected to be finalized shortly. Once the company determines the Denta Water and Infra IPO share allotment status, it will credit the equity shares to the demat accounts of eligible allottees and process refunds for unsuccessful bidders the following day.
Investors can conveniently check the Water and Infra IPO allotment status online through the websites of BSE and NSE, as well as the official portal of the IPO registrar. To check the Water and Infra IPO allotment status online, investors should follow the simple steps outlined below:
The IPO Allotment Status on BSE
Step 1] Visit the BSE website using this link – https://www.bseindia.com/investors/appli_check.aspx
Step 2] Select ‘Equity’ in the Issue Type
Step 3] Choose ‘Denta Water and Infra Solutions Limited’ from the Issue Name dropdown menu
Step 4] Enter either the Application No. or PAN
Step 5] Verify by checking the ‘I am not a robot’ box and click on ‘Search’
Your IPO allotment status will be displayed on the screen.
The IPO Allotment Status on Integrated Registry Management:
Step 1] Visit the IPO registrar website using this link – https://integratedregistry.in/RegistrarsToSTA.aspx?OD=1″
Step 2: Select ‘IPO’ from the Allotment Option dropdown menu.
Step 3: Choose ‘Denta Water and Infra Solutions Limited’ from the Select Company menu.
Step 4: Select either ‘Application No., DPID, or PAN’ from the Select Choice option.
Step 5: Enter the details based on the option selected and click ‘Submit’.
Your IPO allotment status will then be displayed on the screen.
Denta Water and Infra IPO GMP Today:
Its shares are currently trading at a premium in the unlisted market, with a strong grey market premium. The Denta Water and Infra IPO GMP today stands at ₹121 per share, as reported by stock market observers. This indicates that the equity shares of the company are trading ₹121 higher than their issue price in the grey market.
Based on the Denta Water and Infra IPO GMP today, it is estimated that the listing price of Denta Water and Infra Solutions shares will be around ₹415 per share, representing a premium of 41% to the IPO price of ₹294 per share.
Denta Water and Infra Solutions IPO Details:
The Denta Water and Infra Solutions IPO opened for subscription on January 22 and closed on January 24. The Denta Water IPO allotment date is expected to be today, January 27, with the IPO listing date set for January 29. The equity shares of Denta Water and Infra Solutions will be listed on both the BSE and NSE stock exchanges.
The Denta Water and Infra IPO price band was set at ₹279 to ₹294 per share. The company successfully raised ₹220.50 crore from the book-built issue, which consisted of an entirely fresh issue of 75 lakh equity shares.
The Denta Water and Infra IPO has been oversubscribed by an impressive 221.68 times in total, according to data from the NSE. The retail portion was oversubscribed by 90.56 times, while the Non-Institutional Investors (NII) segment saw a subscription rate of 507.27 times. The Qualified Institutional Buyers (QIBs) portion received a subscription rate of 236.94 times.
SMC Capitals is serving as the book running lead manager for the Denta Water IPO, with Integrated Registry Management Services Pvt Ltd acting as the IPO registrar.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.