Denta Water iPo Gmp Price Today: The IPO of Danta Water opened on Wednesday, January 22 was closed last week on Friday, January 24. It is a mainboard IPO, which will be listed on both major exchanges BSE and NSE of the Indian stock market. Danta Water is raising a total of Rs 220.50 crore from this IPO. Danta Water had fixed a price band of Rs 279 to Rs 294 for each stock with a face value of Rs 10 under this IPO.
75,00,000 new shares worth Rs 220.50 crore will be released
Under this IPO, the company will issue all 75,00,000 new shares worth Rs 220.50 crore. This IPO does not include any kind of OFS. Today i.e. Monday, January 27, the shares will be allotted. After which shares will be transferred to the demat account of investors on Tuesday. Applicants who will not be allotted will be refunded on Tuesday itself. This IPO will be listed in the stock market on Wednesday, January 29.
IPO has been subscribed 222 times
The IPO of Denta Water and Infra Solutions has received a rampage response from investors. According to NSE data, this IPO has received a total subscription of 221.68 times. NII category investors have subscribed the maximum 507.27 times for this IPO. Investors from QIB category subscribed to this IPO 236.94 times, while retailers subscribed to 90.56 times.
GMP price declines despite bumper subscription
In the gray market too, there is a lot of glory about the company’s IPO. Danta Water shares were trading with GMP of Rs 120 on Monday. However, on 22 January its GMP was Rs 160. Earlier, on 18 January its GMP was Rs 45. From January 19 to January 21, its GMP price was at Rs 145.
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