Denta Water and Infra Solutions IPO Allotment Scheduled for Today, January 27, 2025
Denta Water and Infra Solutions Limited, a rising star in the water and infrastructure sector, is set to finalize its IPO allotment today. Founded in 2016, the company has quickly established itself as a key player in the industry, with expertise in advanced water management systems and infrastructure development. The IPO, open for bidding from January 22 to January 24, 2025, will see the company’s shares listed on the BSE and NSE SME platforms, with the tentative listing date set for Wednesday, January 29, 2025.
How to Check IPO Allotment Status
On NSE
- Visit the NSE’s IPO Application Status page.
- Select the issue name, “Denta Water and Infra Solutions,” from the dropdown menu.
- Enter your IPO application number and PAN details.
- Click “Submit” to view your allotment details.
On BSE
- Go to the BSE’s IPO Application Status page.
- Choose “Equity” as the issue type.
- Select “Denta Water and Infra Solutions” from the list of companies.
- Enter your IPO application number and PAN details.
- Verify the captcha and click “Submit” to check the allotment details.
IPO Details
- IPO Open Period: January 22–24, 2025
- Price Band: ₹279–₹294 per share
- Tentative Listing Date: January 29, 2025
- Stock Exchanges: BSE and NSE SME
Use of Proceeds
The funds raised will be used to meet the company’s working capital requirements and for general corporate purposes, adhering to regulatory guidelines.
Subscription and Grey Market Performance
The IPO witnessed an overwhelming response, with an overall subscription of 221.68 times:
- Retail Investors: 90.56 times
- Non-Institutional Investors (NII): 507.27 times
- Qualified Institutional Buyers (QIBs): 236.94 times
The IPO’s Grey Market Premium (GMP) stands at ₹120 as of this morning, reflecting a 40.82% premium over the issue price. This suggests that shares may list at approximately ₹414 per share on the NSE.
Business Overview
Denta Water and Infra Solutions Limited specializes in designing, installing, and commissioning advanced water management systems. The company plays an active role in groundwater recharge and recycled water infrastructure, with a strong commitment to initiatives like the Government’s Jal Jeevan Mission to improve water access in rural India.
In addition to water solutions, the company is involved in construction projects for railways and highways, highlighting its diversification and growth potential. Denta Water also owns 98 acres of agricultural land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Furthermore, it operates a beach resort in Udupi, generating additional revenue through a facility management agreement.
Outlook
Denta Water and Infra Solutions’ IPO reflects the company’s strong market presence and growth potential in critical sectors like water management and infrastructure. With an impressive subscription rate and positive GMP trends, the stock is poised for a robust debut, making it a compelling opportunity for investors.