Tue Jan 28 13:01:54 UTC 2025: ## Denta Water IPO Allotment Finally Announced After Delays
**Mumbai, January 28** – The highly oversubscribed initial public offering (IPO) of Denta Water and Infra Solutions Ltd. has finally had its allotment declared, after a delay attributed to exceptionally high subscription numbers and website traffic overload. The allotment status can now be checked on the BSE and NSE websites, as well as the registrar’s portal, Integrated Registry Management Services Pvt Ltd, although the latter is currently experiencing technical difficulties.
The IPO, which closed on January 24th, was oversubscribed by a staggering 221.54 times, receiving bids for 1,16,31,09,250 shares against the 52,50,000 shares on offer. This significantly exceeded the anticipated timeline, with allotment initially scheduled for January 27th. An executive at the registrar confirmed the delays were due to the high volume of applications and subsequent website traffic.
Investors can check their allotment status via the BSE website ([https://www.bseindia.com/investors/appli_check.aspx](https://www.bseindia.com/investors/appli_check.aspx)) or the registrar’s portal ([https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1](https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1)), though delays are expected on the latter. They will need their application number or PAN.
The IPO, priced between Rs 179 and Rs 294 per share, raised a little over Rs 66 crore from anchor investors. Proceeds will be used primarily for working capital and general corporate purposes. The company, founded in 2016, specializes in water engineering, procurement, and construction (EPC) services.
Market observers note that unlisted shares of Denta Water are currently trading at Rs 370 in the grey market, a 25.85% premium over the IPO price, suggesting a strong potential listing gain when the IPO lists on the BSE and NSE on January 29th. However, grey market premiums are speculative and subject to change.
First Piper 