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Denta Water And Infra Solutions IPO: Latest GMP Projects Strong Listing Gains Ahead Of Jan. 22 Launch

As per the latest GMP, the projected listing price of the Denta Water shares is likely to be around Rs 439 apiece.

<div class="paragraphs"><p>(Photo source: Company Website)</p></div>
(Photo source: Company Website)

Denta Water IPO GMP: The upcoming initial public offering (IPO) of Denta Water and Infra Solutions Ltd. is expected to garner strong demand from investors on its launch. The mainboard IPO is scheduled to open for bidding on Jan. 22.

Ahead of the launch, the grey market premium, or GMP, of the Denta Water IPO indicates significant gains over the issue price.

Denta Water IPO GMP stood at Rs 145 apiece on Jan. 20 at 9:53 a.m., according to InvestorGain. This implies a listing gain of 49.32% on the upper end of the price band if the current trends are sustained. As per the latest GMP, the projected listing price of the shares is likely to be around Rs 439 apiece.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

Denta Water IPO: Price Band and Offer Size

Investors can place their bids for the Rs 220.50-crore Denta Water and Infra Solutions IPO from Jan. 22 to Jan. 24. Share allotment of the issue is likely to be done on Monday, Dec. 27. The shares of the company are scheduled to be listed on the BSE and NSE on Jan. 29.

Denta Water IPO price band has been fixed at Rs 279 to Rs 294 apiece. Retail investors have to bid for at least 50 shares in a single lot, taking the minimum investment value to Rs 14,700 per application.

The mainboard IPO is an entirely fresh issue of 75 lakh shares with no offer-for-sale (OFS) component.

Integrated Registry Management Services Pvt. has been appointed as the registrar for the issue. The book running lead managers of the IPO is SMC Capitals Ltd.

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Use Of Proceeds

As per the Red Herring Prospectus, Denta Water plans to use the proceeds from its IPO for working capital requirements and general corporate purposes.

About Denta Water Ltd.

Denta Water and Infra Solutions Ltd. has emerged as a key player in water engineering, procurement, and construction, catering to the growing demand for water solutions. With a strong track record, the company has completed 32 water management projects, including 11 as the main contractor, one in a joint venture, and 20 as a subcontractor

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Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.

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