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The share of Denta Water and Infra Solutions Limited was listed at Rs 10.54% above its issue price on the National Stock Exchange (29 January) today at Rs 325. At the same time, it was listed at Rs 330 on 12.24% on BSE. The Denta Water Shue Price was Rs 294.
The share of Denta Water for listing in the stock market was opened on January 22. Investors could have bidding it by 24 January. The value of this issue was Rs 220.50 crore.
The company works in groundwater recharge projects
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.
ITC Hotels share list at 30% discount
Here, its hotel business ITC Hotels Limited shared the stock market today. It was listed at Rs 188 on NSE, the discovered price from the company was Rs 270. At the same time, it was listed at Rs 180 on BSE, the discward price from the company was Rs 170. In terms of this discward price, the share of ITC Hotels was listed at 30% discount.
ITC Hotels will get a share in lieu of every 10 ITC shares
ITC Hotels shares will be removed from Nifty 50 and Sensex to T +3 Day, ie Listing Plus in three business days. The ITC Hotels Demaker Rati was 1:10. This means that existing ITC shareholders will get a share of ITC hotels in lieu of every 10 ITC shares. Parent company ITC Limited has retained 40.0% stake in this new entity. The rest, 60.0% of shareholders have been distributed.
ITC was established in 1910
ITC is a leading multi-business Indian enterprise with presence in FMCG, paper, packaging, agri-business, hotel and IT. Sanjeev Puri is the chairman and managing director of ITC.
The company was established in 1910, when the name of this company was Imperial Tobacco Company. Then in 1970, it was renamed as India Tobacco Company. After this, it was named ITC Limited in 1974.
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.
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Ipo of Dr. Agrawal’s Health Care has been opened from today: Investors will be able to bid by 31 January, minimum investment will have to be made Rs 14,070
Dr. Agrawals Health Care Limited’s Initial Public Offer i.e. IPO has been opened from today (29 January). Investors will be able to do bidding for this issue by 31 January. The company shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 5 February.
Through this issue, the company wants to raise the total ₹ 3,027.26 crore. For this, the company will issue 74,62,686 fresh share of ₹ 300 crore. At the same time, the company’s current investors of the company are selling 6,78,42,284 shares worth ₹ 2,727.26 crore through the offer for sale.
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