Mon Jan 27 22:27:04 UTC 2025: **Denta Water IPO Allotment Expected Today, Strong Listing Anticipated**

MUMBAI, January 27 – The highly oversubscribed initial public offering (IPO) of Denta Water and Infra Solutions Ltd. is expected to finalize its allotment today. The IPO, which garnered a staggering 221.52 times subscription, experienced a temporary delay due to the registrar’s website crashing. Investors can check their allotment status on the BSE and NSE websites, as well as the registrar’s website, Integrated Registry Management Services Pvt Ltd., once the allotment is complete. Bank debit messages will also be sent to successful applicants.

The IPO listing is scheduled for January 29 on both the BSE and NSE. Market observers predict a strong listing, citing a grey market premium (GMP) of Rs 394 per share – a 34.01% premium over the upper IPO price of Rs 294. This indicates significant investor confidence.

The IPO, open from January 22-24, offered 75 lakh equity shares, raising Rs 220.5 crore at the upper end of its price band. All categories were significantly oversubscribed, with the retail portion receiving 90.38 times subscription, the non-institutional investor (NII) portion 507.07 times, and the qualified institutional buyer (QIB) portion 236.94 times. The company previously raised over Rs 66 crore from anchor investors. Proceeds will fund working capital and general corporate purposes.

Denta Water and Infra Solutions Ltd., founded in 2016, specializes in water engineering, procurement, and construction (EPC) services, having completed 32 water management projects.

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