Tue Jan 28 23:52:13 UTC 2025: ## Denta Water and Infra IPO Oversubscribed 221 Times, Allotment Status Released

**Mumbai, January 27, 2024** – Denta Water and Infra Solutions Ltd.’s initial public offering (IPO), which closed on January 24th, has been massively oversubscribed, receiving bids 221.68 times the number of shares offered. The retail portion was subscribed 90.56 times, while Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIBs) segments were oversubscribed by 507.27 times and 236.94 times respectively. The company raised ₹220.50 crore through the sale of 75 lakh equity shares.

The IPO allotment status is now available. 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 the IPO registrar’s portal – [https://integratedregistry.in/RegistrarsToSTA.aspx?OD=1](https://integratedregistry.in/RegistrarsToSTA.aspx?OD=1). Successful applicants will have their shares credited to their demat accounts, while unsuccessful applicants will receive refunds.

The IPO price band was set at ₹279-₹294 per share. However, the shares are currently commanding a significant grey market premium (GMP) of ₹121, suggesting a potential listing price of ₹415 – a 41% premium over the IPO price. Denta Water and Infra Solutions shares are scheduled to list on the BSE and NSE on January 29th.

SMC Capitals acted as the book running lead manager for the IPO, and Integrated Registry Management Services Pvt Ltd served as the registrar. Investors are advised to consult with financial advisors before making any investment decisions.

Read More