Tue Jan 28 08:08:48 IST 2025: **Denta Water and Infra IPO Oversubscribed 221 Times, Allotment Status Available Online**

MUMBAI, INDIA – January 28, 2024 – The initial public offering (IPO) of Denta Water and Infra Solutions Ltd. has concluded with overwhelming success, closing oversubscribed by a massive 221.68 times. The IPO, open for subscription from January 22nd to 24th, raised ₹220.50 crore through the issuance of 75 lakh equity shares. Allotment has been finalized, and successful applicants will see shares credited to their demat accounts. Refunds for unsuccessful applicants will be processed the following day.

Investors can check their allotment status online through the websites of the Bombay Stock Exchange (BSE) – [https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx) – and the National Stock Exchange (NSE), as well as through the IPO registrar’s portal: [https://integratedregistry.in/RegistrarsToSTA.aspx?OD=1](https://integratedregistry.in/RegistrarsToSTA.aspx?OD=1). Detailed instructions for checking allotment status are available on these websites.

The IPO’s strong performance is reflected in a significant grey market premium (GMP) of ₹121 per share, suggesting an estimated listing price of ₹415, a 41% premium over the issue price of ₹294. The shares are set to list on both the BSE and NSE on January 29th.

The retail portion was subscribed 90.56 times, the Non-Institutional Investors (NII) segment 507.27 times, and the Qualified Institutional Buyers (QIBs) portion 236.94 times. SMC Capitals acted as the book running lead manager, while Integrated Registry Management Services Pvt Ltd served as the registrar.

**Disclaimer:** This news article is for informational purposes only and does not constitute investment advice. Consult with a financial advisor before making any investment decisions.

Read More