Denta Water and Infra IPO Day 1 Live Updates: Issue opens today. Check Denta Water IPO GMP, review, subscription status

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₹66 crore from anchor investors prior to its IPO. The IPO consists entirely of a fresh issuance of 75 lakh equity shares, totaling ₹220.5 crore at the highest end of the price band.The fresh issuance proceeds amounting to ₹150 crore will be allocated for working capital needs, with a portion designated for general corporate activities.SMC Capitals serves as the exclusive book-running lead manager for the issue.Since its establishment in 2016, Denta Water and Infra Solutions Ltd has become a significant player in the water engineering, procurement, and construction (EPC) sector.The company has successfully completed 32 water management projects, including 11 as the primary contractor, one through a consortium/joint venture arrangement, and 20 as a subcontractor in collaboration with the main contractor.Stay tuned for more updatesDenta Water IPO GMP today or Denta Water IPO grey market premium is +165.

This indicates Denta Water share price was trading at a premium of ₹165 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Denta Water share price was indicated at ₹459 apiece, which is 56.12% higher than the IPO price of ₹294.Today's IPO GMP is positive and anticipates a solid listing based on the grey market activity over the last six sessions. Experts from investorgain.com say that the lowest GMP is ₹45 and the highest is ₹165.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making