Denta Water and Infra Solutions IPO is opening on January 22, 2025, with a price band of ₹279 to ₹294. The company aims to raise ₹220.50 crore to support its water management and infrastructure projects. The IPO has generated a strong market interest, with an estimated 56.12% premium on listing.
Denta Water and Infra Solutions Limited, a leading player in water engineering and infrastructure services, is set to open its Initial Public Offering (IPO) for subscription on January 22, 2025. The company, known for its significant contributions to water management projects, aims to raise ₹220.50 crore through the IPO to support its working capital needs and further expansion.
Founded in 2016, Denta Water has built a strong reputation in providing comprehensive water engineering, procurement, and construction (EPC) services. The company has successfully executed 32 water management projects across India, with major works including the Byrapura and Hiremagaluru Lift Irrigation System projects. Additionally, Denta Water is involved in construction projects related to railways and highways, reinforcing its expertise in infrastructure development.
The IPO, which will open on January 22 and close on January 24, 2025, has set the price band between ₹279 and ₹294 per equity share. The company will issue 7.5 million shares in this public offering, with a lot size of 50 shares. The net proceeds from the issue will primarily be allocated towards funding the company’s working capital, including ₹150 crore for the current and upcoming financial years.
According to the company’s Red Herring Prospectus (RHP), the IPO’s grey market premium (GMP) is currently ₹165, indicating strong investor sentiment. This suggests the shares are expected to list at a 56.12% premium over the issue price. The IPO is fully subscribed by 50% for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% for retail investors.
The company plans to use the funds raised through the IPO to enhance its water management capabilities and expand its operations. The listing of Denta Water’s shares on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is expected on January 29, 2025.
