Denta Water and Infra Solutions IPO Day 1 Live Updates: Key Highlights, GMP, Subscription Status, and Insights
Denta Water and Infra Solutions Limited is a known firm in the water management and infrastructure industry, recognized for its proficiency in designing, installing, and commissioning advanced water management systems. With a strong emphasis on groundwater recharge through recycled water, the company has played a pivotal role in executing impactful projects across Karnataka, including innovative groundwater recharge initiatives and lift irrigation systems. Denta Water and Infra Solutions IPO opened for subscription on January 22, 2025, and will close on January 2025.
Denta Water and Infra Solutions IPO Details
The Denta Water IPO is a book-built offering with a total size of ₹220.50 crores, consisting entirely of a fresh issue of 0.75 crore shares. The price band for the IPO has been set between ₹279 and ₹294 per share. Retail investors can apply with a minimum lot size of 50 shares, requiring an investment starting at ₹14,700. For Small Non-Institutional Investors (sNII), the minimum investment is 14 lots (700 shares), amounting to ₹2,05,800. Meanwhile, Large Non-Institutional Investors (bNII) must apply for at least 69 lots (3,450 shares), requiring an investment of ₹10,14,300. The Denta Water IPO opened for subscription on January 22, 2025, and will remain open until January 24, 2025. The allotment of shares is anticipated to be finalized on Monday, January 27, 2025. The IPO is set to debut on the BSE and NSE, with the tentative listing date scheduled for Wednesday, January 29, 2025.
Denta Water and Infra Solutions IPO Day 1 Subscription Status
(January 22, 2025, 11:24 AM (Day 1)
By January 22, 2025, the Denta Water IPO was subscribed 4.58 times overall. The retail investor category led with a subscription of 5.35 times, while Qualified Institutional Buyers (QIB) subscribed 1.55 times, and Non-Institutional Investors (NII) saw a subscription of 6.84 times. Within the NII category, large investors (bNII) subscribed 5.45 times, while smaller investors (sNII) subscribed 9.63 times.
Utilization of IPO Proceeds
The company plans to use the net proceeds from the issue to support its working capital needs and for general corporate purposes, in compliance with applicable regulations.
GMP Details: According to Livemint, as of January 22, 2025, at 7:57 AM, the latest GMP for the Denta Water IPO stands at ₹165. With the upper price band set at ₹294, the estimated listing price is projected to be ₹459 (calculated as the cap price plus the current GMP). This suggests a potential gain of approximately 56.12% per share.
Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Denta Water and Infra Solutions Business Overview
Established in 2016, Denta Water and Infra Solutions Limited is an emerging leader in water and infrastructure solutions, specializing in the design, installation, and commissioning of water management projects. With expertise in groundwater recharge and recycled water infrastructure, the company addresses the growing need for sustainable water solutions. Denta Water has successfully delivered key projects, including Byrapura, Hiremagaluru LIS, and KC Valley, significantly contributing to Bengaluru's wastewater management efforts and supporting the Government's Jal Jeevan Mission.
The company holds 98 acres of land in Madikeri, Karnataka, dedicated to cultivating coffee, pepper, and cardamom. It also operates a beach resort in Udupi, generating income through a facility management agreement. With a strong commitment to enhancing water access in rural areas, the company has been actively involved in significant initiatives like the Jal Jeevan Mission. To date, Denta Water has successfully completed 32 water management projects and is currently working on 17 ongoing projects. These projects span various stages, including preliminary investigations, feasibility studies, construction, and post-commissioning support. The company is also involved in the construction projects of Railways and Highways.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.