Denta Water & Infra IPO Allotment Status Live: Ahead of January 29 listing, Denta Water IPO's GMP crashes - Check how to see allotment status

Denta Water owns 98 acres of agricultural land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. The company also runs a beach resort in Udupi, generating revenue through a facility management agreement. Denta Water demonstrates its dedication to improving water access in rural areas through active involvement in transformative projects such as the Jal Jeevan Mission. Additionally, the company has broadened its expertise to include construction projects for railways and highways, highlighting its versatility and growth prospects.

• The Denta Water IPO allotment is scheduled for Monday, January 27. You can check your allotment status online by following these steps:
• Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx.
• Under ‘Issue Type’, select ‘Equity’.
• From the ‘Issue Name’ dropdown, choose ‘Denta Water and Infra Solutions Ltd’.
• Enter your application number or Permanent Account Number (PAN).
• Verify yourself by clicking ‘I am not a robot’, then click ‘Search’.
• Your share application status will be displayed on the screen.

The company announced on Tuesday that it has raised over Rs 66 crore from anchor investors. The public issue, priced within a range of Rs 279-294 per share, is set to close for subscription on January 24.

An amount of Rs 150 crore from the proceeds will be allocated to meet working capital requirements, with the remainder earmarked for general corporate purposes.

• Established in 2016, Denta Water and Infra Solutions Ltd has become a prominent player in water engineering, procurement, and construction (EPC) services.
• The company has successfully completed 32 water management projects, including:
• 11 as the main contractor,
• 1 under a consortium/joint venture arrangement, and
• 20 as sub-contracts in collaboration with the main contractor.

According to the GMP monitoring site investorgain.com, the current grey market premium (GMP) for the Denta Water IPO stands at Rs 76. However, investors should note that GMP rates are speculative, unregulated, and may not accurately reflect the IPO's actual listing performance. Exercise caution and make informed decisions.

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SMC Capitals is the book running lead manager for the Denta Water IPO, while Integrated Registry Management Services Pvt Ltd serves as the IPO registrar.

• Visit the IPO registrar's website using this link: Integrated Registry IPO Allotment Status.
• In the Allotment Option dropdown menu, select 'IPO'.
• From the Select Company menu, choose 'Denta Water and Infra Solutions Limited'.
• Under the Select Choice option, choose one of the following: Application No., DPID, or PAN.
• Enter the required details based on your selection and click 'Submit'.
• Your Denta Water and Infra IPO allotment status will appear on the screen.

• Visit the BSE website using this link: BSE Allotment Status Check.'
• Select 'Equity' under the Issue Type dropdown menu.
• From the Issue Name dropdown, choose 'Denta Water and Infra Solutions Limited'.
• Enter your Application Number or PAN details.
• Tick the box for 'I am not a robot', then click 'Search'.
• Your Denta Water and Infra IPO allotment status will appear on the screen

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The last grey market premium (GMP) for the Denta Water IPO is Rs 120, as of January 27, 2025, at 9:06 AM. With a price band of Rs 294, the estimated listing price of the IPO is Rs 414 (upper price band + today's GMP). This represents an expected gain of 40.82% per share.

Denta Water and Infra Solutions, established in 2016, specializes in water and infrastructure solutions. The company focuses on designing, installing, and commissioning water management infrastructure projects, including groundwater recharge systems. With operations in Bengaluru, Denta Water also owns agricultural land in Karnataka. It offers a range of water management services and has successfully completed 32 projects as of November 30, 2024. Additionally, the company undertakes construction projects in the railway and highway sectors.

Unlisted shares of Denta Water were trading at Rs 414 each, indicating a grey market premium (GMP) of Rs 120 or 40.82% above the upper limit of the IPO price band of Rs 294, according to sources monitoring grey market trends.

The Denta Water IPO saw the highest demand from Non-Institutional Investors (NIIs), with subscriptions reaching 507.27 times the reserved quota. Qualified Institutional Buyers (QIBs) followed, subscribing 236.94 times their allocated quota, while Retail Individual Investors (RIIs) subscribed 90.56 times.

Denta Water's public offering of Rs 220.50 crore, priced in the range of Rs 279-Rs 294 per share with a lot size of 50 shares, received bids for 1,16,38,18,100 shares against the 52,50,000 shares available. This resulted in an oversubscription of 221.68 times by the end of the subscription period, according to data from the BSE.

Once the Denta Water IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or Integrated Registry Management Services, which serves as the registrar for the issue.

The basis of allotment for Denta Water and Infra Solutions IPO shares is likely to be finalized today, Monday, January 27, 2025. The public offering, which concluded on Friday, January 24, 2025, received an overwhelming response from investors, with a subscription rate of 221.68 times.