Denta Water IPO is a book-built issue amounting to ₹220.50 crores, consisting entirely of a fresh issue of 0.75 crore shares.
The IPO will open for subscription on January 22, 2025, and close on January 24, 2025. The allotment of shares is expected to be finalized on Monday, January 27, 2025. Denta Water IPO is set to list on BSE and NSE, with a tentative listing date of Wednesday, January 29, 2025.
Denta Water and Infra Solutions Limited operates in the Water Engineering, Procurement, and Construction (EPC) sector. They specialize in designing, installing, and managing water infrastructure projects, including groundwater recharge and water management initiatives.
The IPO’s price band is set between ₹279 to ₹294 per share. The minimum application lot size is 50 shares, requiring a minimum investment of ₹14,700 for retail investors. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,05,800, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,14,300.
SMC Capitals Limited is the book-running lead manager for the IPO, with Integrated Registry Management Services Private Limited serving as the registrar.
Denta Water IPO Details:
| Company Name | Denta Water Limited |
| Sector | Water EPC |
| IPO Type | Mainboard |
| IPO Open date | 22nd Jan 2025 |
| IPO Close date | 24th Jan 2025 |
| Listing Exchanges | NSE, BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Denta Water IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,45,000 |
| HNI (Min) | 2 | 2000 | 2,90,000 |
Denta Water IPO Timeline:
| IPO Open Date | 22nd Jan 2025 |
| IPO Close Date | 24th Jan 2025 |
| Basis of Allotment | 27th Jan 2025 |
| Refund Initiation Date | 28th Jan 2025 |
| Shares Credit to Demat | 28th Jan 2025 |
| Listing Date | 29th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Denta Water’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Water EPC Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Denta Water and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
