The share allotment status of Denta Water IPO has been finalised. Investors can check their allotment status on the BSE and NSE websites, in addition to the Integrated Registry Management Services website. Denta Water is a key player in water engineering, procurement, and construction (EPC) services.
The IPO comprises a fresh issue of 75 lakh equity shares. The IPO price band was fixed at ₹279 to ₹294 per share. The minimum lot size was 50 shares.
The minimum bid size for retail applicants was at least a single lot, amounting to an investment of ₹14,700. The company will initiate refunds and transfer of shares to Demat accounts on January 28.
Denta Water IPO allotment details
The IPO listing date is tentatively scheduled for January 29, and the stock will be listed on the NSE and BSE. The Denta Water IPO, which closed on January 24, received strong interest from Non-Institutional Investors (NIIs). The retail category received over 23.71 crore bids for the 26.25 lakh shares available, resulting in a 90.33 times oversubscription.
The NIIs applied for over 57 crore shares, with their portion oversubscribed by 507 times. Qualified Institutional Buyers (QIBs) applied for more than 35.54 crore shares, resulting in nearly 237 times oversubscription. Denta Water and Infra Solutions offers services in water engineering, procurement, and construction (EPC).
The company focuses on designing, installing, and managing water infrastructure projects. It plans to use ₹150 crore from the IPO funds to meet working capital needs for FY25 and FY26, with some funds allocated for general corporate purposes. The shares of Denta Water and Infra Solutions will be listed on the NSE and BSE on Wednesday, January 29, at 10 am.
