Denta Water and Infra Solutions shares had a strong market debut on January 29, opening at ₹325 on the NSE, representing a 10.54% premium over the issue price of ₹294. On the BSE, the stock opened at ₹330, reflecting a 12.24% increase from its IPO price.
Denta Water and Infra Solutions IPO Listing Performance
The much-anticipated Denta Water and Infra Solutions IPO saw an overwhelming response from investors, leading to its impressive market entry. The company's initial public offering (IPO), valued at ₹220.50 crore, was open for bidding from January 22 to January 24. The IPO was priced in the range of ₹279-₹294 per equity share.
Subscription Overview
The IPO witnessed strong demand across all investor categories:
- Total subscriptions: 221.54 times
- Retail investor segment: 90.38 times
- Non-institutional investors (NII): 507.07 times
- Qualified Institutional Buyers (QIBs): 236.94 times
Denta Water IPO closed with bids for 116.31 crore shares against an offer of 52.5 lakh shares. This high demand highlighted investors' confidence in the company's growth prospects.
Key Details About the IPO
Denta Water's IPO was a fresh issue of 0.75 crore shares without an offer-for-sale component. The allocation of shares was as follows:
Investor Category | Allocation (%) |
Qualified Institutional Bidders (QIBs) | 50% |
Non-Institutional Investors (NII) | 15% |
Retail Investors | 35% |
- Minimum lot size: 50 shares
- Minimum investment: ₹14,700 for retail investors
- Funds raised from anchor investors: ₹66.15 crore (before IPO launch on January 21, 2024)
The IPO proceeds will be allocated towards working capital needs and general corporate purposes, ensuring compliance with regulatory guidelines.
About Denta Water and Infra Solutions
Founded in 2016, Denta Water and Infra Solutions Limited is a rising player in the water and infrastructure sector. The company specialises in the design, installation, and execution of water management infrastructure projects, with a key focus on groundwater recharge solutions.
Key Business Areas:
- EPC (Engineering, Procurement, and Construction) and Water engineering services
- Large-scale water management projects
- Groundwater recharge through recycled water
Major Projects Undertaken:
Denta Water has successfully implemented several significant projects that are crucial for Bengalure’s wastewater management, including:
- Byrapura Project
- Hiremagaluru LIS Project
- KC Valley Project
These projects are critical in supporting the Jal Jeevan Mission, a government initiative.
Ongoing and Future Projects
As of November 30, 2024, the company had 17 ongoing projects (independent or under consortium agreements). Its total aggregate contract value stands at ₹1,100.4 crore, with ₹1,066.7 crore dedicated to water management projects.
Denta Water and Infra Solutions' strong financials and operational expertise position it well for water and wastewater treatment market growth.
Conclusion
Denta Water and Infra Solutions' impressive stock market debut highlights its strong market positioning and high investor confidence. With ongoing demand for water management infrastructure, the company is poised to play a pivotal role in addressing India’s growing water sustainability challenges
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