Denta Water and Infra answers IPO to open on Jan 23: company mobilises over Rs sixty six crore via anchor e book
Water and infrastructure solutions agency Denta Water and Infra solutions has raised Rs 66.15 crore from 10 institutional investors thru anchor book on january 21, an afternoon before the IPO starting.
The maiden public difficulty will open for subscription on january 22 and close on january 24.
The business enterprise intends to mobilise Rs 220.5 crore through preliminary public presenting of seventy five lakh stocks at a fee of Rs 294 consistent with percentage (the higher cease of rate band of Rs 279-294 consistent with proportion). The IPO includes completely sparkling problem via the business enterprise.
"...has finalised allocation of twenty-two.5 lakh shares to anchor investors at a fee of Rs 294 in line with equity percentage," the water engineering and EPC services issuer said in its filing to the exchanges.
Ace investor sunil Singhania's Abakkus varied Alpha Fund-2 become the most important investor within the anchor e-book, obtaining three.4 lakh stocks worth Rs 10 crore, observed by chronic increase Fund and rajasthan worldwide Securities which picked 3.23 lakh shares well worth Rs 9.five crore every.
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other institutional investors invested within the employer blanketed Saint capital Fund, Finavenue capital believe, Chhatisgarh Investments, Steptrade Revolution Fund, Mint Focussed growth Fund, Astorne capital, and Aarth AIF.
Denta Water and Infra solutions is going to apply those IPO proceeds for operating capital requirements, and widespread company functions.
SMC Capitals is appearing as the ebook walking lead supervisor to the difficulty.
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