Denta Water IPO on 22nd January has received strong response from investors. The IPO was fully subscribed within an hour. The IPO has been subscribed 5.94 times as of 12 noon data. IPO in retail category was subscribed 6.84 times, Qualified Investment Buyers category 1.55 times and NII category IPO 9.71 times.
The price band of Denta Water IPO is Rs. 279 to Rs. 294 per share has been fixed. The company has created one lot of 50 shares. Due to which investors have to bet at least Rs 14,700. This is a Mainboard IPO. The company's IPO size is Rs. 220.50 crores. The company will issue 75 lakh new shares through IPO. Let us tell you that this issue is entirely based on new shares.
Today i.e. January 22, Denta Water IPO has received strong response from investors. The IPO was fully subscribed within an hour. The IPO has been subscribed 5.94 times as of 12 noon data. IPO in retail category was subscribed 6.84 times, Qualified Investment Buyers category 1.55 times and NII category IPO 9.71 times.
The price band of Denta Water IPO is Rs. 279 to Rs. 294 per share has been fixed. The company has created one lot of 50 shares. Due to which investors have to bet at least Rs 14,700. This is a Mainboard IPO. The company's IPO size is Rs. 220.50 crores. The company will issue 75 lakh new shares through IPO. Let us tell you that this issue is entirely based on new shares.
The Denta Water IPO raised Rs. 66.15 crore has been collected. The company's IPO was open to anchor investors yesterday on January 21. Let us tell you that a maximum of 50 percent of the IPO is reserved for QIBs. At least 35 percent of shares are reserved in the retail category and at least 15 percent of the shares are reserved in the NII category.
The company's IPO is doing well in the gray market. IPO today in gray market Rs. 165 is trading at a premium. Which is the highest GMP ever. No change in GMP since last 3 days. Let us tell you that the lowest GMP of the company is 45 rupees. The IPO was at this level in the gray market on January 17.
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