The initial public offering (IPO) of denta water received a lot of interest from investors, subscribing 92.18 times in the first hours of its opening from 12 pm, Friday (25 January 2025), according to the latest data from BSE. The initial sale of Shares received bids of 48,68,88,050 shares against 52 30,000,000 shares.
The portion reserved for retail investors was subscribed 63.35 times, while the average for non-traditional investors was subscribed 270.64 times. The qualified category Buyers of institutions (qibs) category was booked 10.74 times. The company opened its bidding window on January 22, 2025, seeking to raise Rs 220.5 crore through a fresh issue of 0.75 equity shares. The price band of the issue is set at Rs 279 to Rs 294 per share, with investors required to apply for a maximum of 50 shares, costing Rs 14,700.
Denta Water and Infra IPO: Day 1 & 2 Registration Status
On the second day of registration, the IPO was already oversubscribed 50.63 times, with bids for 26,58,10,750 shares against 520,000 shares on offer. Non-traditional investors led this demand, and their share was registered 128.41 times. Retail investors (RIIS) showed strong interest, their share registered 43.51 times. The share allocated to qualified institutional buyers (qibs) was registered 4.75 times. On the first day, QIBS subscribed 1.67 times, while non-traditional investors subscribed 36.4 times in total, with retail investors participating in the total number of times.
Denta WAME AND INFRA: Assignments and list
On January 27, 2025, the IPO share will take place, with the shares expected to be listed on the NSE and BSE on January 29, 2025. The IPO registrar is integrated with Registry management services PVT, while SMC Capitals Pvt Ltd is acting as book-running Moving Manager (BRLM).
Here are what analysts recommend
BrotherAge remains optimistic about the IPO, recommending investors sign up because of the company’s financial health, reasonable pricing, and strong order book.
SBI Securities highlighted the growth potential of the Indian water and wastewater market, citing a CAGR of 6.2 percent from Cy24e to Cy24e. Anand Rathi also credited the IPO with long-term benefits, citing the company’s expertise and strong pipeline of projects.
About denta and infra water
Denta Water and Infra Solutions, founded in 2016, is a key player in Water Engineering, commissioned, and Cold (EPC) COMMENDITEMETIC SCECEMENCE. The company has completed 32 water management projects, including 11 as the main contractor. It intends to use the proceeds from the IPO primarily for operational financing needs, with a portion allocated for general business purposes.
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