Denta Water Share Worth Stay Updates: The fairness shares of Denta Water and Infra Options Ltd are scheduled to be listed on the Indian inventory market as we speak following a sturdy curiosity in its preliminary public providing (IPO). The itemizing date for the Denta Water and Infra IPO is as we speak, January 29. The Denta Water and Infra IPO was out there for subscription from January 22 to 24. The allotment for the IPO has been accomplished, and Denta Water shares shall be out there on each the BSE and NSE as we speak.
Denta Water and Infra Options IPO acquired an amazing 221.52 instances subscription on the ultimate day of the bidding course of. The portion allotted for non-institutional traders achieved a rare 507.05 instances subscription, whereas the phase for Certified Institutional Consumers (QIBs) noticed a subscription fee of 236.94 instances. Retail Particular person Buyers (RIIs) accounted for a subscription of 90.33 instances of their class.
On Tuesday, Denta Water and Infra Options introduced that it has secured simply over ₹66 crore from anchor traders. The value vary for the difficulty is ready between ₹279 and ₹294 per share. The IPO consists fully of a contemporary issuance of 75 lakh fairness shares, amounting to ₹220.5 crore on the greater finish of the value vary. Established in 2016, Denta Water and Infra Options Ltd has develop into a major participant within the space of water engineering, procurement, and building (EPC) companies.
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Denta Water Share Worth Stay Updates: This is what GMP hints forward of itemizing
Denta Water IPO GMP as we speak or Denta Water IPO gray market premium is +73. This means Denta Water share worth was buying and selling at a premium of ₹73 within the gray market, in keeping with investorgain.com.
Contemplating the higher finish of the IPO worth band and the present premium within the gray market, the estimated itemizing worth of Denta Water share worth was indicated at ₹367 apiece, which is 24.83% greater than the IPO worth of ₹294.
Gray market exercise over the previous 13 periods signifies that the present GMP ( ₹73) is trending decrease. In keeping with consultants on investorgain.com, the bottom GMP is ₹45, and the utmost is ₹165.
‘Gray market premium’ signifies traders’ readiness to pay greater than the difficulty worth.
Disclaimer: The views and suggestions above are these of particular person analysts, consultants and broking corporations, not of Mint. We advise traders to examine with licensed consultants earlier than making any funding resolution.
