Denta Water IPO allotment status: The share allotment status of Denta Water and Infra Solutions Ltd is finalised. It was expected to be finalised on Monday.
The website of the IPO's official registrar, Integrated Registry Management Services, is currently down.
Apart from Integrated Registry Management Services website, investors can check the BSE and NSE portals for updates on IPO bid finalisation.
Steps to check Denta Water IPO allotment status online on NSE
- Head to bid verification page of NSE- https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Pick 'Denta Water and Infra Solutions Ltd'
- Enter your application no and PAN no
- Click on 'submit' button.
How to check Denta Water and Infra Solutions IPO allotment status online on BSE
- Go to BSE's IPO allotment page- https://www.bseindia.com/investors/appli_check.aspx
- Select 'Issue type' as 'Equity'
- From IPO names, pick 'Denta Water and Infra Solutions'
- Enter application no or PAN no
- Click on the 'search' button
Denta Water IPO details
- Denta Water IPO comprises solely a fresh issue of 75 lakh equity shares.
- The IPO price band has been fixed at ₹279 to ₹294 per share
- The minimum lot size was 50 shares. The minimum bid size for the retail applicants was at least a single lot, amounting to an investment of ₹14,700.
- The company will initiate refunds and transfer of shares to the Demat accounts on January 28.
- Denta Water IPO listing date has been tentatively fixed as January 29.
- The stock will be listed on the NSE and BSE.
Denta Water IPO sees huge demand
The Denta Water IPO, which closed on January 24, received strong interest, especially from Non-Institutional Investors (NIIs). The company will finalize the share allotment on January 27.
The retail category received over 23.71 crore bids for the 26.25 lakh shares available, resulting in a 90.33 times oversubscription. The NIIs applied for over 57 crore shares, with their portion oversubscribed by 507 times. Qualified Institutional Buyers (QIBs) applied for more than 35.54 crore shares, resulting in nearly 237 times oversubscription.
About Denta Water and Infra Solutions
Denta Water and Infra Solutions offers services in water engineering, procurement, and construction (EPC). The company focuses on designing, installing, and managing water infrastructure projects.
The company plans to use ₹150 crore from the IPO funds to meet working capital needs for FY25 and FY26, with some funds also allocated for general corporate purposes.
Denta Water IPO listing date and time
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