Foreign and Domestic Institutions who participated in the anchor included Abakkus Diversified Alpha Fund -2, Persistent Growth Fund-Varsu India Growth Story Scheme I, Rajasthan Global Securities Private Limited, Saint Capital Fund, Finavenue Capital Trust-Finavenue Growth Fund, Chhatisgarh Investments Limited, Steptrade Revolution Fund, Mint Focused Growth Fund PCC – Cell 1, Arstone Capital VCC – Arven, Aarth AIF. The IPO is entirely a fresh issue of up to 75,00,000 equity shares with
FinTech BizNews Service
Mumbai, January 21, 2025: Denta Water and Infra Solutions has garnered Rs. 66.15 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, January 22, 2025. The company informed the bourses that it allocated 22,50,000 equity shares at Rs. 294 per share on Tuesday, January 21, 2025, to anchor investors.
Foreign and Domestic Institutions who participated in the anchor included Abakkus Diversified Alpha Fund -2, Persistent Growth Fund-Varsu India Growth Story Scheme I, Rajasthan Global Securities Private Limited, Saint Capital Fund, Finavenue Capital Trust-Finavenue Growth Fund, Chhatisgarh Investments Limited, Steptrade Revolution Fund, Mint Focused Growth Fund PCC – Cell 1, Arstone Capital VCC – Arven, Aarth AIF.
SMC Capitals Limited is the sole book running lead manager and Integrated Registry Management Services Private Limited is the registrar to the Issue. IPO Details The IPO is entirely a fresh issue of up to 75,00,000 equity shares with no offer for sale components. The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Wednesday, January 22, 2024, and closes on Friday, January 24, 2024. The price band for the Offer has been determined at Rs 279 – Rs 294 per equity share.
The IPO will fetch Rs 220.50 crore at the upper end of the price band. Investors can bid for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter. The Offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual portion.
