Denta Water And Infra Solution IPO Day 3: Check All The Details

The initial public offering (IPO) for Denta Water and Infra Solutions Limited launched in the Indian primary market on 22 January 2025 ended today on 24 January 2025. In addition, Denta Water aims to raise a sum of Rs 220.50 crore by selling 75 lakh fresh shares. The IPO has been subscribed to a total of 51 times as of day 02.

The company, which specializes in water and infrastructure solutions, has set the price band for the Denta Water and Infra IPO at ₹279 to ₹294 per equity share. Currently, following strong subscription figures for the Denta Water and Infra IPO, shares of the company are trading at a considerable premium in the grey market.

GMP and Subscription Status

The GMP (Grey Market Premium) for Denta Water's IPO stands at ₹137. With the upper price limit set at ₹294, the projected listing price is estimated to be ₹431. This indicates a potential per-share gain of around 46.6% upon its debut.

As of January 24, 2025, the Denta Water IPO was oversubscribed by 50.63 times in total. The retail investor segment led with a subscription rate of 43.51 times, while Qualified Institutional Buyers (QIB) subscribed at 4.75 times, and Non-Institutional Investors (NII) saw a subscription rate of 128.41 times.

IPO Details

• Total size: ₹220.50 crores
• Comprises entirely of a fresh issue of 0.75 crore shares

Price Band:

• Set between ₹279 and ₹294 per share

Retail Investors:

• Minimum lot size: 50 shares
• Minimum investment: ₹14,700

Small Non-Institutional Investors (sNII):

• Minimum lot size: 14 lots (700 shares)
• Minimum investment: ₹2,05,800

Large Non-Institutional Investors (bNII):

• Minimum lot size: 69 lots (3,450 shares)
• Minimum investment: ₹10,14,300