The allotment status for the Denta Water IPO allotment status has been declared after a slight delay. Investors are encouraged to check the latest Grey Market Premium (GMP) for updates.
Denta Water IPO allotment status: The allotment status for the Denta Water & Infra Solutions IPO was announced yesterday around 4 PM, after a delay by the registrar. The IPO allotment was expected to be finalized today before its listing tomorrow (January 29). The issue, which closed for bidding on January 24, was oversubscribed 221.52 times.
The delay in declaring the results was due to heavy website traffic as investors eagerly awaited the outcome. We are currently in the process of uploading the allotment details, which should be completed within the next half to one hour on the website. The delay was also attributed to the high volume of website traffic, as confirmed by an official at the registrar’s Chennai office speaking to Moneycontrol earlier yesterday.
Previously, the company had raised over Rs 66 crore from anchor investors. The public issue was priced in a range of Rs 279 – Rs 294 per share and consisted entirely of a fresh issue of 75 lakh equity shares, totaling Rs 220.5 crore at the upper end of the price band.
Investors who subscribed to the IPO can check their allotment status on the registrar’s official website, Integrated Registry Management Services, using their application number or PAN details. The status can also be viewed on the BSE and NSE websites.
For those looking to check the Denta Water & Infra IPO allotment status today, follow these steps on the Integrated Registry Management Services website:
Step 1: Open the direct link to the registrar (https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1).
Step 2: Select the company from the dropdown menu.
Step 3: Investors can check the allotment status by entering details such as PAN, Application number, or DP client ID.
Step 4: Click the Submit button.
Step 5: The allotment status will be displayed in the window.
Denta Water & Infra IPO Allotment Status Check on NSE
To check the allotment status of the Denta Water & Infra IPO on the National Stock Exchange (NSE), follow these steps:
Step 1: Open the NSE website by clicking on this direct link: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
Step 2: Register by signing up with your details and then submit.
Step 3: Select Denta Water & Infra Solutions.
Step 4: Investors can check the allotment status by entering details like their IPO Application number.
Step 5: Press the submit button.
Step 6: The allotment status will be displayed in the window.
For more IPO news, you can also check the Denta Water & Infra IPO allotment status on the Bombay Stock Exchange (BSE) using the following steps:
Step 1: Open the BSE website.
Step 2: Click on the Investors option.
Step 3: From the Investor Services dropdown, select Status of Issue Application.
Step 4: Click on Application Status Check.
Step 5: Choose Equity in the issue type.
Step 6: Fill in the required details, including the Issue Name.
Step 7: Enter your PAN number and click on Search to view the status.
Denta Water & Infra IPO GMP Today Price
Market observers have noted that Denta Water & Infra shares are currently trading at a Grey Market Premium (GMP) of around 25 percent in the unofficial market. Investorgain has quoted a GMP of Rs 72 for the company’s shares, indicating a potential listing premium of 24.48 percent. However, the final price may vary on the listing day.
Proceeds from the IPO, amounting to Rs 150 crore, will be used to meet working capital requirements and for general corporate purposes.
Established in 2016, Denta Water and Infra Solutions Ltd has emerged as one of the key players in the field of water engineering, procurement, and construction (EPC) services.
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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.