Denta Water and Infra IPO Day 3 Live Updates: Issue subscribed 50.63x so far. Check GMP, review, subscription status.

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₹66 crore from anchor investors. The offering, priced between ₹279 and ₹294 per share, will close for public subscription on Friday.The initial public offering is a completely new issuance of 7.5 million equity shares valued at ₹220.5 crores at the maximum end of the price range.

The funds raised, amounting to ₹150 crores, will be allocated to support working capital needs, while a part will be directed towards general corporate purposes. Established in 2016, Denta Water and Infra Solutions Ltd has become a significant contender in the domain of water engineering, procurement, and construction (EPC) services.Stay tuned for more updatesDenta Water and Infra Solutions Ltd has established expertise in water management projects with special focus on ground water recharging with expertise in in-house designing and engineering of water management infrastructure projects and strong order book along with efficient business model.At the upper price band company is valuing at P/E of 13.14x, with an EV/EBITDA of 9.13x and market cap of ₹ 7,849 million post issue of equity shares and return on net worth of 36.36%.We believe that the IPO is fairly priced and recommend a “Subscribe-Long term" rating to the IPO.Denta Water IPO GMP today or Denta Water IPO grey market premium is +137.