Denta Water and Infra Solutions IPO Allotment Status: Check Latest GMP, Steps to Verify
Denta Water and Infra Solutions IPO allotment is scheduled for today, January 27, 2025. Founded in 2016, the company has rapidly emerged as a prominent player in the water and infrastructure sector. The IPO for Denta Water and Infra Solutions Limited was open for bidding from January 22, 2025 to January 24, 2025. The IPO will be listed on the BSE and NSE, with the tentative listing date scheduled for Wednesday, January 29, 2025.
Steps to Check Denta Water and Infra Solutions IPO Allotment Status on NSE
Here is the process to check Rexpro Enterprises Ltd IPO Allotment Status on NSE:
- Open the Application Status page of NSE here.
- Choose 'Equity & SME IPO bid details'.
- Select 'Denta Water and Infra Solutions' from the list of companies.
- Enter your IPO application number and PAN details.
- Click on the submit button to check the details of the share allotment.
Steps to Check Denta Water and Infra Solutions IPO Allotment Status on BSE
Here is the process to check Denta Water and Infra Solutions IPO Allotment Status on BSE
- Open the Application Status page of BSE here.
- Choose 'equity' as the issue type.
- Select 'Denta Water and Infra Solutions’ from the list of companies.
- Enter your IPO application number and PAN details.
- Verify the captcha by clicking on the 'I am not a Robot' box.
- Click on the submit button to check the details of the share allotment.
IPO Details
The Denta Water and Infra Solutions IPO was open for bidding from January 22, 2025, to January 24, 2025, with the allotment scheduled today, Monday, January 27, 2025. The IPO, priced within a band of ₹279 to ₹294 per share, is set to list on the BSE and NSE SME, with the listing date scheduled for Wednesday, January 29, 2025.
Also Read : Denta Water and Infra Solutions IPO Day 1 Subscription Status , Denta Water and Infra Solutions IPO Day 2 Subscription Status , Denta Water and Infra Solutions IPO Day 3 Subscription Status
Use of Proceeds
The net proceeds from the issue will be utilised to address the company’s working capital requirements. A portion of the funds will be allocated for general corporate purposes. The utilisation of proceeds will adhere to applicable regulatory guidelines.
Denta Water and Infra Solutions - Overall Subscription Status
(January 24, 2025, end of the day)
The Denta Water and Infra Solutions IPO achieved an overall subscription of 221.68 times by the end of the subscription period, as per data available on the BSE. Retail investors subscribed 90.56 times, and non-institutional investors (NII) subscribed 507.27 times to the public issue, followed by Qualified Institutional Buyers (QIBs), who subscribed 236.94 times.
Denta Water and Infra Solutions IPO GMP (Grey Market Premium) Details
The GMP (Grey Market Premium) for the Denta Water and Infra Solutions IPO is currently ₹Rs 120 as of 27 Jan 2025, 8:19 AM, implying a premium of 40.82% over the IPO price, according to Business Standard. As per the current Denta Water and Infra Solutions GMP trends, shares of the company are likely to be listed on NSE at ₹414 per share.
Denta Water and Infra Solutions Business Overview
Established in 2016, Denta Water and Infra Solutions Limited has rapidly emerged as a prominent player in the water and infrastructure sector. The company specializes in the design, installation, and commissioning of advanced water management systems, with a strong focus on groundwater recharge and recycled water infrastructure. The company also plays a vital role in supporting the Government’s Jal Jeevan Mission.
Denta Water owns 98 acres of agricultural land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Additionally, the company operates a beach resort in Udupi, generating revenue through a facility management agreement. Its commitment to improving water access in rural areas is evident in its active participation in transformative initiatives like the Jal Jeevan Mission. Furthermore, the company has expanded its expertise into construction projects for railways and highways, showcasing its versatility and growth potential.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.