Denta Water IPO Subscription :The public subscription window for Denta Water & Infra Solutions IPO closes today, Friday, January 24, 2025. The Rs 220 crore IPO, which opened on Wednesday, January 22, 2025, has received an overwhelming response, making it one of the most talked-about offerings of the year.
According to data from the National Stock Exchange, the Denta Water IPO has been oversubscribed 50.63 times. Investors have shown keen interest in it, especially non-institutional investors (NIIs), who have oversubscribed their reserved portion by 128.41 times. Retail individual investors (RIIs) stood second with 43.51 times subscription, while qualified institutional buyers (QIBs) received 4.75 times subscription as of January 23, 2025.
Key details of Denta Water IPO
- Price band: 279 INR – 294 INR per share
- Lot size: 50 shares per lot
- Minimum investment: Rs 14,700 for one lot
- Maximum investment for retail investors: Rs 1,91,100 for 13 lots
Notably, the unlisted shares of Denta Water continue to be a topic of discussion in the grey market, where they are trading at Rs 431 per share. This represents a 46.6% premium (GMP: Rs 137) over the upper IPO price band of Rs 294.
Analyst views on Denta Water IPO
- Market experts remain optimistic about this IPO, highlighting the company’s strong order book, robust financial position and competitive valuation.
- SBI Securities, SMIFS and Ventura Securities have issued a ‘Subscribe’ rating.
- BP Equities has recommended subscription for the long term, while Canara Bank Securities has given a neutral rating.
Allotment and Listing Timeline
The important timeline for investors is as follows:
Basis of allotment: January 27, 2025
Shares credited to demat accounts: January 28, 2025
Listing on BSE and NSE: January 29, 2025
About Denta Water & Infra Solutions
Founded in 2016, Denta Water & Infra Solutions specializes in designing, installing and commissioning water infrastructure projects. The company has made a significant impact with its groundwater recharge projects and contribution to Bengaluru’s wastewater management. Additionally, it has diversified into infrastructure projects for railways and highways, showcasing its expertise in both water and construction solutions.
With its promising business model and high investor interest, Denta Water is creating a buzz in the IPO market. Don’t miss the opportunity to participate.
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