Mumbai11 minutes ago
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The initial public offer i.e. IPO of Denta Water and Infra Solutions Limited will open from today (January 22). Investors will be able to bid in this issue till January 24.
The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 29. The company wants to raise a total of ₹220.50 crore through this issue. In this, 75 lakh new shares will be issued.
Minimum investment of Rs 14,700 will have to be made The price band for bidding in this IPO has been fixed at Rs 279-294 per share. Retail investors can bid for a minimum of one lot i.e. 50 shares. If you apply for 1 lot at the upper price band of IPO at ₹294, you will have to invest ₹14,700.
Whereas, retail investors can apply for maximum 14 lots i.e. 700 shares. For this, investors will have to invest ₹ 2,05,800 as per the upper price band.
35% of the issue reserved for retail investors The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Apart from this, 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
The company was established in 2016 Data Water & Infra Solutions Limited, incorporated in 2016, is engaged in designing, installing and commissioning of water management infrastructure projects. It specializes in groundwater recharge projects through recycled water. The company has experience in water engineering and EPC services. The promoters of the company are Saubhagyamma, Sujith TR, C Mrutyunjay Swamy and Hema HM.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
