Denta Water IPO Share Allotment Today and GMP : Shares are to be allotted to those who applied today under the IPO of Denta Water and Infra Solutions, a company with expertise in water management and infrastructure solutions. If you have applied, you can check your status from the websites of BSE, NSE and Registrar. Denta Water’s shares have received a strong response from investors and it was traded almost 222 times. The size of the IPO was Rs 220.50 crore and it received bids of Rs 34,195.41 crore. However, the premium in the gray market has been decreasing for 3 consecutive days. Still it is above 40 percent.
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Denta Water GMP : 41% Premium
The craze in the gray market regarding the IPO of Denta Water and Infra Solutions is decreasing, but GMP is still high. The unlisted stock of the company is trading at a premium of Rs 120 in the gray market. This is a 41 percent premium compared to the upper price band of Rs 294. Whereas on Wednesday it was 54 percent, on Thursday it was 51 percent and on Friday it was 46 percent. If today’s trend continues then the company’s stock may be listed at Rs 414 compared to the IPO price of Rs 294.
Denta Water: Subscribed almost 222 times
Denta Water’s IPO has received strong subscription from investors. This IPO has been subscribed about 221.54 times overall. In the IPO, 35 percent share was reserved for retail investors and it was subscribed a total of 90.38 times. 50% share was reserved for QIB in the IPO, and this total is Rs 236.94. Whereas 15% share was reserved for NII and it is filled 507.07 times overall. Against the issue size of Rs 220.50 crore, it has received bids of Rs 34,195.41 crore.
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Share allotment status check: From BSE website
For this, first you have to go to BSE website.
Link: bseindia.com/investors/appli_check.aspx
After that the equity box has to be checked.
Then you have to enter the name of the issue in the dropdown: Denta Water and Infra Solutions.
After that you have to type your application number in the box.
After that you will have to provide information about your PAN number.
Finally you will have to click on the search button, after which complete information will appear.
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Share allotment status check: From Registrar’s website
Integrated Registry Management Services is the registrar to the issue. For this IPO you will have to visit the registrar’s website.
For this IPO you will have to visit the registrar’s website.
Link: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
Type company name Denta Water and Infra Solutions in the dropdown.
After this enter PAN number, application number or depository/client ID in the box.
Then enter the captcha and click on the search button. Then you will know your status.
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Denta Water: Key Features of the Company
1. Expertise in Water Management: Since incorporation, the company has completed 32 water management infrastructure projects for the Government of Karnataka. It has built its reputation as a water management solution provider. Especially in the field of ground water recharge projects and lift irrigation projects.
2. In-house Expertise: The company has an in-house design and engineering team that focuses on design capabilities for geographical complexities and critical aspects of projects.
3. Strong order book: As of November 30, 2024, the company has 17 ongoing projects to be implemented by them or under consortium. The company’s share in the total contract value is Rs 1100.4 crore, out of which Rs 1066.7 crore is for water management projects.
Denta Water: What is the risk with the company?
Revenue concentration from government (increasing from 18.3% in FY 2023 to 63.4% in FY 2024)
Delay in completion of projects
Cases pending against promoter
(Disclaimer: The advice to invest in stocks is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing)
