Denta Water Infra Solutions IPO: IPO getting rapidly subscribed, the last day for investment today, know how much full …

Denta Water Infra Solutions IPO: Today is the last day of bidding for IPO, ie Danta Water and Infra Solutions Limited. In the last 2 days, this IPO has been subscribed to 65.29 times.

This issue was subscribed at 51.73 times in the retail category. Along with this, it was 4.86 times in qualified Institutional Buyers (QIB) category and the highest subscribed in non-institutional investors (NII) category.

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

Know how many crores the company wants to raise crores (Denta Water Infra Solutions IPO)

The company wants to raise a total of ₹ 220.50 crore through this IPO. For this, the company is issuing 75 lakh new shares worth ₹ 220.50 crore. The current investors and promoters of Denta Water and Infra Solutions are not selling a single shares for IPOs.

How much money can be spent minimum and maximum?

Denta Water and Infra Solutions has fixed the price band of IPO ₹ 279-₹ 294. Retail investors can bid for minimum one lot i.e. 50 shares. If you apply for 1 lot of IPO's upper price band at ₹ 294, then you have to invest ₹ 14,700 for this.

At the same time, retail investors can apply for a maximum of 13 lots i.e. 650 shares. For this, investors will have to invest ₹ 1,91,100 according to the upper price band.

35 percent of the issue is reserved for retail investors

The company has reserved 50 percent of the IPO for eligible institutional buyers (QIB). In addition, 35 percent of the share is reserved for retail investors and the remaining 15 percent for non-institutional investors (NIIs).