Tue Jan 28 17:12:37 UTC 2025: ## Denta Water & Infra IPO Allotment Announced After Delay; High Oversubscription

**Mumbai, January 29** – The allotment status for the highly oversubscribed Denta Water & Infra Solutions IPO was finally declared today, after a delay attributed to heavy website traffic. The IPO, which closed on January 24th, was oversubscribed a staggering 221.52 times. The initial expectation was for allotment results by today, ahead of the company’s listing tomorrow.

The delay, according to an official at the registrar’s Chennai office, was due to the overwhelming number of investors checking their allotment status online. Investors can now check their allotment status on the Integrated Registry Management Services website, the NSE website, or the BSE website using their application number or PAN details. Detailed instructions for checking allotment status on each platform are provided.

The IPO raised over Rs 66 crore from anchor investors and priced shares in a band of Rs 279-Rs 294 per share. The company, founded in 2016, is a key player in water engineering, procurement, and construction (EPC) services. Proceeds from the IPO will be used to meet working capital requirements and for general corporate purposes.

Unofficial market observers report a grey market premium (GMP) of approximately Rs 72 per share, suggesting a potential listing premium of around 24.48 percent. However, the actual listing price may vary.

This news follows other market updates including details on India’s Largest Regional Retail Option Traders Summit and information on accessing real-time crypto market data. Investors are reminded to consult with certified experts before making any investment decisions.

Read More