Denta Water & Infra IPO Day 3 Live Updates: The issue has been subscribed 50.63 times so far. Check GMP, Reviews, Membership Status.

Denta Water & Infra IPO Day 3 Live Updates: The issue has been subscribed 50.63 times so far. Check GMP, Reviews, Membership Status.


Denta Water and Infra IPO Day 3 Live Updates: The initial public offering of Denta Water and Infra Solutions garnered a subscription rate of 50.63 times by the second day of bidding on Thursday.

The segment designated for non-institutional investors was subscribed 128.41 times, while the retail individual investors (RII) category was subscribed 43.51 times. The qualified institutional buyers (QIB) portion received 4.75 times the subscription level.

Denta Water and Infra’s IPO announced on Tuesday fetched slightly higher profits Rs 66 crore from anchor investors. Offer, Price Between 279 more 294 per share, will close for public subscription on Friday.

The initial public offering is an entirely new issue of 7.5 million equity shares ₹220.5 crore at the higher end of the price range. amount of money raised Rs 150 crore will be allocated to meet working capital needs, while a portion will be directed towards general corporate purposes.

Established in 2016, Denta Water & Infra Solutions Limited has become a significant contender in the field of water engineering, procurement and construction (EPC) services.

Stay tuned for more updates

24 January 2025, 08:42:45 AM IST

Denta Water and Infra IPO Day 3 Live Updates: What GMP signals ahead of third bidding day

Denta Water IPO GMP today or Denta Water IPO gray market premium is +137. This suggests that Denta Water’s share price was trading at a premium 137 in the gray market, according to InvestorGain.com.

The estimated listing price of Denta Water share price was indicated, taking into account the upper end of the IPO price band and the existing premium in the gray market. 431 per share, which is 46.6% higher than the IPO price 294.

As per gray market activities seen over the last eight sessions, IPO GMP is currently showing an upward trend, indicating a potentially strong listing. Minimum GMP has been recorded 45, while the maximum is According to the information of experts of Investgain.com, 165.

The ‘grey market premium’ refers to the willingness of investors to pay more than the issue price.

Disclaimer: The above views and recommendations are those of individual analysts, experts and broking companies, and not of Mint. We recommend investors to check with certified experts before taking any investment decision.

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