The Denta Water and Infra Solutions LTD. shares was listed in a premium of 12 % or more compared to the issue of RS 294 on Wednesday, January 29. The shares debuted in BSE with 330 rupees, increasing 12.24 % from the issued price. Later, he climbed further and increased 17.84 % to 346.45 rupees. In NSE, the stock is opened in RS 325 and reflects an increase of 10.54 %. The company’s market evaluation has reached 925.02 rupees.
Denta Water’s first open call for RS 220.50 trillion Lupy (IPO) started a subscription from January 22 to January 24. The IPO price range was fixed to 279-294 rupees per share.
Denta Water IPO Subscription
Denta Water IPO was closed with an amazing subscription 221.54 times after bidding for an overwhelming reaction. Investors have bid 116.31 crawl stocks for available 52.5 Rark shares. Retail investors were subsided 90.38 times, but non -institutional investors (NII) segments witnessed 507.07 reservations. On the other hand, a qualified institution buyer (QIB) category that recorded 236.94 subscriptions during the bid period.
About Denta Water and Infra Solutions
The Denta Water and Infra Solutions, established in 2016, specializes in design, installation, and trial run for water management infrastructure projects. The company focuses on groundwater charging and has been running some major projects, such as byrapura, Hiremagaluru Lis, and KC Valley. In addition to the core operations, Denta Water has 98 -acres of land in Madikeri, Karnataka, cultivating coffee, pepper and cardamon.
Profit from IPOs is mainly used for driving capital requirements and general corporate purposes, and companies can expand their business and strengthen the market.