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Denta Water and Infra IPO Day 1 Live Updates: Issue opens today. Check Denta Water IPO GMP, review, subscription status
Denta Water and Infra IPO Day 1 Live Updates: Issue opens today. Check Denta Water IPO GMP, review, subscription status
新闻详情：最后更新时间： 2025-01-22 03:14:23
Denta Water and Infra IPO Day 1 Live Updates: The public offering for Denta Water and Infra Solutions Ltd, a company focused on water and infrastructure solutions, will begin on Wednesday, January 22, and end on Friday, January 24. On Tuesday, Denta Water and Infra Solutions announced that it has secured slightly more than 66 crore from anchor investors prior to its IPO. The IPO consists entirely of a fresh issuance of 75 lakh equity shares, totaling 220.5 crore at the highest end of the price band. The fresh issuance proceeds amounting to 150 crore will be allocated for working capital needs, with a portion designated for general corporate activities. SMC Capitals serves as the exclusive book-running lead manager for the issue. Since its establishment in 2016, Denta Water and Infra Solutions Ltd has become a significant player in the water engineering, procurement, and construction (EPC) sector. The company has successfully completed 32 water management projects, including 11 as the primary contractor, one through a consortium/joint venture arrangement, and 20 as a subcontractor in collaboration with the main contractor. Denta Water and Infra IPO Day 1 Live Updates: Here's what GMP hints ahead of the launch Denta Water IPO GMP today or Denta Water IPO grey market premium is +165. This indicates Denta Water share price was trading at a premium of 165 in the grey market, according to investorgain.com. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Denta Water share price was indicated at 459 apiece, which is 56.12% higher than the IPO price of 294. Today's IPO GMP is positive and anticipates a solid listing based on the grey market activity over the last six sessions. Experts from investorgain.com say that the lowest GMP is 45 and the highest is 165. 'Grey market premium' indicates investors' readiness to pay more than the issue price.
