Denta Water and Infra Solutions Ltd’s IPO made a strong debut with shares listing at an 11% premium on the NSE and 12% on the BSE. The company, active in water engineering services, raised funds to meet working capital needs.
Denta Water and Infra Solutions Ltd, a prominent player in water engineering and infrastructure services, made its market debut on January 29, 2025, listing its shares at an 11% premium on the National Stock Exchange (NSE) and a 12% premium on the Bombay Stock Exchange (BSE). The IPO, which was open for subscription between January 22 and January 24, garnered an overwhelming response, with the issue being oversubscribed by a massive 221.52 times.
The shares of Denta Water and Infra Solutions were listed at Rs 325 on the NSE, marking a premium of 10.54% over the issue price of Rs 294 per share. On the BSE, the shares debuted at Rs 330 apiece, reflecting a premium of 12.24%. Post-listing, the company’s market capitalization surged to Rs 881.10 crore.
The company, which has been providing engineering, procurement, and construction (EPC) services in the water sector since its inception in 2016, raised approximately Rs 66 crore from anchor investors prior to the IPO. The raised funds are intended to meet working capital needs and support general corporate purposes.
Denta Water and Infra Solutions has successfully completed 32 water management projects, including 11 as the main contractor, contributing significantly to water infrastructure development in India. Despite a lower-than-expected grey market premium, the listing marks a strong start for the company’s public market journey.
The allotment status for the IPO was announced on January 28, 2025, by the registrar, further confirming the successful subscription of the issue.
