Danta Water and Infra’s IPO so far 65.29 times subscribe: Non-Intelligent Investors category is the highest in 177.53, the last day of bidding today

Today is the last day to bid for the Denta Water and Infra Solutions Limited’s Initial Public Offer i.e. IPO. In the last 2 days, this IPO Total has subscribed 65.29 times. The issue was subscribed at 51.73 times in the retail category. Along with this, 4.86 times in qualified Institutional Buyers (QIB) category and non-institutional investors (NII) category were the highest subscribed to 177.53 times in category.

The IPO of Denta Water and Infra Solutions has been opened on 22 January. On January 29, the company shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The company wants to raise ₹ 220.50 crore through IPO Through this IPO, the company wants to raise the total ₹ 220.50 crore. For this, the company is issuing 75,00,000 fresh share of ₹ 220.50 crore. The current investors and promoters of Denta Water and Infra Solutions are not selling a single stock for IPO.

If you are also planning to invest money in it, then we are telling you how much you can invest in it.

How much money can you spend minimum and maximum?

Denta Water and Infra Solutions has fixed the price band of the IPO ₹ 279- ₹ 294. Retail investors can do bidding for minimum for a lot. If you apply for 1 lot of IPO’s Upper Prize Band at ₹ 294, then ₹ 14,700 will have to be invested for this.

At the same time, retail investors can apply for maximum 13 lots i.e. 650 shares. For this, investors will have to invest ₹ 1,91,100 according to the upper prize 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 non-institutional investors (NII).

The company was established in 2016

The data water and Infra Solutions Limited, incorporated in 2016, is associated with designing, installing and commissioning of water management infrastructure projects. It specializes in groundwater recharge projects through recycled water. The company has experience of water engineering and EPC services. Promoters of the company are Saubhagyama, Sujit TR, C Mrityunjay Swamy and Hema HM.

What is IPO?

When a company releases its shares for the common people for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.