Denta Water Shares List At 12% Premium Over IPO Price; Hits Upper Circuit Post Listing

Denta Water Share Price: The shares of Denta Water and Infra Solutions made a timid debut on stock exchanges on Wednesday. The stock is listed on the NSE at Rs 325 per share at a premium of 10.54 per cent against the issue price of Rs 294. Meanwhile, the stock opened at Rs 330 on the BSE, up 12.24 per cent from its IPO price.

However, the shares surged to hit the upper circuit post-listing following heavy buying. At around 10:37 am, the stock was at Rs 341.25 per share, up 16.07 per cent against the IPO price band.

Denta Water IPO Bidding Status

During the three-day bidding period, the Denta Water IPO attracted extraordinary demand and got a whopping 221.54 times subscription over the total issued shares. The retail investor segment was booked 90.38 times while the non-institutional investor (NII) segment was subscribed 507.07 times. Meanwhile, the shares reserved for Qualified institutional buyers were bid 236.94 times in the 3 days of the bidding.

Denta Water IPO Details

Denta Water IPO is a fresh issue of 0.75 crore shares without an offer-for-sale component. Retail investors can apply with a minimum lot size of 50 shares, which requires a minimum investment of Rs. 14,700 investment required.

About 50 per cent of the issue was reserved for qualified institutional bidders, while non-institutional investors had a 15 per cent allocation. The remaining 35 per cent of the net issue went to retail investors.

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