Denta Water and Infra IPO Itemizing: The fairness shares of Denta Water and Infra Options Ltd are set to make their debut within the Indian inventory market right now after the sturdy demand for its preliminary public providing (IPO). Denta Water and Infra IPO itemizing date is right now, January 29.
Denta Water and Infra IPO was open for subscription from January 22 to 24. The IPO allotment was finalised and the Denta Water and Infra shares will likely be listed on each the inventory exchanges, BSE and NSE, right now.
“Buying and selling Members of the Change are hereby knowledgeable that efficient from Wednesday, January 29, 2025, the fairness shares of Denta Water and Infra Options Restricted shall be listed and admitted to dealings on the Change within the checklist of ‘T’ Group of Securities,” mentioned a discover on the BSE.
Additional when it comes to SEBI tips, Denta Water and Infra Options shares will likely be within the Commerce-for-Commerce phase for 10 buying and selling days, it added.
The shares will likely be part of Particular Pre-open Session (SPOS) on Wednesday, and will likely be obtainable for buying and selling from 10:00 AM.
Forward of the Denta Water and Infra IPO itemizing right now, buyers be careful for the traits within the gray market premium (GMP) to gauge the estimated itemizing value. Right here’s a have a look at what Denta Water and Infra IPO GMP right now alerts.
Denta Water and Infra IPO GMP Right this moment
Denta Water and Infra Options shares are commanding an honest gray market premium. Denta Water and Infra IPO GMP right now is ₹76 per share, in keeping with inventory market observers. Denta Water and Infra IPO GMP signifies that within the gray market, the fairness shares of the corporate are buying and selling greater by ₹76 than their concern value.
Denta Water and Infra IPO Itemizing Value
Contemplating the Denta Water and Infra IPO GMP right now, the estimated itemizing value of Denta Water and Infra Options shares can be ₹370 apiece, which is at a premium of 26% to the IPO value of ₹294 per share.
Analysts additionally point out that the Denta Water and Infra IPO itemizing can be at a premium to the problem value
“Denta Water and Infra Options Ltd. is about for a robust market debut, anticipated to checklist with a premium of 35%. A key participant within the Indian water and wastewater remedy trade, the corporate is about to learn from the rising development, the place the trade is projected to achieve USD 23.9 billion by 2033 as a consequence of its sturdy monitor document,” mentioned Akriti Mehrotra, Analysis Analyst, StoxBox.
General, Denta Water’s strategic deal with water administration initiatives, increasing market alternatives, and strong order guide place it for continued progress within the water administration and infrastructure sectors. Traders who’ve been allotted shares are suggested to carry their positions with a medium- to long-term outlook, Mehrotra added.
Denta Water and Infra Options IPO Particulars
The bidding for Denta Water and Infra Options IPO commenced on January 22 and concluded on January 24. The IPO allotment was finalised on January 27, and Denta Water IPO itemizing date is right now, January 29. The fairness shares of Denta Water and Infra Options will likely be listed on each the inventory exchanges, BSE and NSE.
The corporate raised ₹220.50 crore from the book-built concern which is completely a recent concern of 75 lakh fairness shares. Denta Water and Infra IPO value band was ₹279 to ₹294 per share
Denta Water and Infra IPO has been subscribed by a large 221.68 instances in whole, NSE knowledge confirmed. The retail portion was booked 90.56 instances, whereas the Non Institutional Traders (NII) phase was subscribed 507.27 instances. The Certified Institutional Consumers (QIBs) portion obtained 236.94 instances subscription.
SMC Capitals is the guide operating lead supervisor of the Denta Water IPO, whereas Built-in Registry Administration Providers Pvt Ltd is the IPO registrar.
Disclaimer: The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to examine with licensed consultants earlier than making any funding selections.
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