Mumbai10 minutes ago
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Today is the second day of bidding for the Initial Public Offer (IPO) of Denta Water and Infra Solutions Limited. Till 12 noon today, this IPO was subscribed a total of 30.05 times. The issue was subscribed 29.42 times in the retail category. Along with this, the Qualified Institutional Buyers (QIB) category was subscribed 4 times and the Non-Institutional Investors (NII) category was subscribed the most by 66.25 times.
The IPO of Denta Water and Infra Solutions opened yesterday i.e. 22nd January, for which you will be able to bid till tomorrow i.e. 24th January. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on January 29.
Company wants to raise ₹220.50 crore through IPO The company wants to raise a total of ₹ 220.50 crore through this IPO. For this, the company is issuing 75,00,000 fresh shares worth ₹ 220.50 crore. The existing investors and promoters of Denta Water and Infra Solutions are not selling any shares for the IPO.
If you are also planning to invest money in it, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that can be invested?
Denta Water and Infra Solutions has set the IPO price band at ₹279-₹294. 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 13 lots i.e. 650 shares. For this, investors will have to invest ₹ 1,91,100 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.
