Denta Water IPO shares list at 12% premium over issue price

Denta Water, which opened its IPO, has made its debut on the Indian stock exchanges, with shares listed at a premium above the upper price band. The stock has opened on both BSE and NSE.

The shares of Denta Water were listed at a premium of 12.24% on the BSE, priced at Rs 330 per share, while the stock made its debut on the NSE at a 10.54% premium, priced at Rs 325.

Denta Water IPO: GMP and Market Expectations

Before the stock hit the exchanges, Denta Water shares were already creating a buzz in the grey market. As per the latest trend, the shares were trading at a premium of Rs 73 just hours before the listing. This indicated an estimated listing price of Rs 367 per share, which was 24.83% higher than the IPO’s upper price band of Rs 294 per share.

Also Read Denta Water IPO Highlights: GMP, subscription, allotment status, and other details Denta Water Vs Rexpro Enterprises IPO- What’s a better IPO to subscribe? Denta Water IPO Day 02 Highlights: Check GMP, subscription status, and other details Denta Water IPO GMP zooms over 56%: Know what are the risks of IPO before you subscribe Denta Water IPO: Key highlights

Denta Water’s IPO began with the opening of bids on January 22, and concluded the bidding on January 24. The IPO, which raised a total of Rs 220.50 crores, was entirely a fresh issue, offering 0.75 crore shares to the market.

Also ReadDr. Agarwals Healthcare IPO opens today: GMP, price band, allotment and key details of the issue

The IPO’s price band was set between Rs 279 to 294 per share.

The Denta Water IPO was subscribed a whopping 221.54 times by the final day. Breaking it down, the retail category saw a subscription of 90.38 times, while the QIB portion was subscribed by 236.94 times. The NII received a subscription rate of 507.07 times.

Denta Water IPO: Anchor investors and key advisors

Denta Water IPO raised Rs 66.15 crore from anchor investors. The anchor bidding took place on January 21, ahead of the main issue opening. The IPO was managed by SMC Capitals, the book running lead manager, with Integrated Registry Management Services Private acting as the registrar for the issue.

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