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Denta Water and Infra Solutions IPO sees bumper response; oversubscribed by 221 times

Denta Water and Infra IPO oversubscribed on massive demand led by non-institutional investors

Denta Water and Infra IPO oversubscribed at 221 times

Denta Water and Infrastructure Solutions IPO received bumper interest from Dalal Street, with the issue getting oversubscribed by 221 times at the end of bidding on day three. Investors placed bids for over 116 crore shares against 52.5 lakh shares available for subscription. The excess was led by non institutional investors, who bid for 57 crore shares against their reserved portion of 11 lakh; a subscription of 507 times! The qualified institutional buyers category was next, getting subscribed by 237 times. The retail investor portion also saw outsized interest, receiving a subscription of 90 times.

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