Denta Water and Infra Solutions IPO Day 2 Live Updates: Key Highlights, GMP, Subscription Status, and Insights

Denta Water and Infra Solutions IPO Day 1 Subscription Status

(January 22, 2025, End of the Day)

By January 22, 2025, the Denta Water IPO was subscribed 17.11 times overall. The retail investor category led with a subscription of 17.72 times, while Qualified Institutional Buyers (QIB) subscribed 1.67 times, and Non-Institutional Investors (NII) saw a subscription of 36.27 times. Within the NII category, large investors (bNII) subscribed 33.29 times, while smaller investors (sNII) subscribed 42.24 times.

Also Read : Denta Water and Infra Solutions IPO Day 1 Subscription Status

Denta Water and Infra Solutions IPO Details

• Total size: ₹220.50 crores

• Comprises entirely of a fresh issue of 0.75 crore shares

Price Band:

• Set between ₹279 and ₹294 per share

Retail Investors:

• Minimum lot size: 50 shares

• Minimum investment: ₹14,700

Small Non-Institutional Investors (sNII):

• Minimum lot size: 14 lots (700 shares)

• Minimum investment: ₹2,05,800

Large Non-Institutional Investors (bNII):

• Minimum lot size: 69 lots (3,450 shares)

• Minimum investment: ₹10,14,300

Utilization of IPO Proceeds

The net proceeds from the issue will be utilized to address the company’s working capital requirements.

• A portion of the funds will be allocated for general corporate purposes.
• The utilization of proceeds will adhere to applicable regulatory guidelines.

GMP Details: According to Livemint, as of January 23, 2025, at 6:55 AM, the latest Grey Market Premium (GMP) for the Denta Water IPO stands at ₹150. With a price band set at ₹294, the estimated listing price is projected to be ₹444 (calculated as the cap price plus the GMP). This suggests an anticipated per-share gain of approximately 51.02% upon listing.

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 has rapidly emerged as a prominent player in the water and infrastructure sector. The company specializes in the design, installation, and commissioning of advanced water management systems, with a strong focus on groundwater recharge and recycled water infrastructure.The company also plays a vital role in supporting the Government’s Jal Jeevan Mission.

Denta Water owns 98 acres of agricultural land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Additionally, the company operates a beach resort in Udupi, generating revenue through a facility management agreement. Its commitment to improving water access in rural areas is evident in its active participation in transformative initiatives like the Jal Jeevan Mission. Furthermore, the company has expanded its expertise into construction projects for railways and highways, showcasing its versatility and growth potential.

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.