Rahul Khanna
Denta Water IPO is a book-built issue worth ₹220.50 crore, entailing a fresh issue of 0.75 crore shares. The IPO was open for subscription on January 22, 2025, and is concluding soon on January 24, 2025. Allotment is expected to be finalised on January 27, 2025, with the listing set for January 29, 2025, on BSE and NSE.
The price gang for the IPO is ₹279 to ₹294 per share. The minimum lot size for an application is 50 shares, requiring an investment of ₹14,700 for retail investors. For small and non-institutional investors (sNII), the minimum speculation is ₹2,05,800, covering 14 lots (700 shares). For big non-institutional investors (PII), the minimum lot size is 69 lots (3,450 shares), totaling ₹10,14,300.
SMC Capitals Limited is the book-running lead director for the IPO, while Integrated Registry Management Services Private Limited acts as the registrar. Investors can find detailed data in the Denta Water IPO Red Herring Prospectus (RHP). This IPO offers an opportunity for those looking to invest in an increasing company.
Denta Water IPO Objectives
The company plans to allocate the net proceeds since the issuance to the following purposes:
The company aims to allocate funds to support day-to-day operations and ensure smooth business activities. The remaining funds will be used for general company purposes.
About Denta Water and Infra Solutions Limited
Denta Water and Infra Solutions Limited, well-known in 2016, is a prominent player in the water management and infrastructure sector. The company is known for its expertise in the design, installation, and hiring of water management infrastructure, with a particular focus on groundwater recharging using recycled water. It has made significant contributions to various projects in Karnataka, including groundwater recharging initiatives and lift irrigation projects.
The company’s successful involvement in major initiatives such as the Jal Jeevan Mission showcases its commitment to improving water access in rural areas. Denta Water has completed 32 water management projects and currently has 17 ongoing projects, with a total contract value of ₹11,004.36 million. These projects cover a range of services, from preliminary investigations and feasibility studies to construction and post-commissioning support.
One of Denta Water’s key strengths lies in its ability to handle large-scale projects, including the installation of pipelines, pump houses, and drinking water treatment plants. The company has developed a solid reputation for delivering projects efficiently and effectively, ensuring the long-term sustainability of water management solutions.
Denta Water continues to play a vital role in addressing the growing water demands in India, particularly in drought-prone regions and is well-positioned to contribute further to the nation’s infrastructure development. The company’s focus on both public and private sector contracts has cemented its position as a leader in the water management industry.
Denta Water IPO Registrar and Lead Managers
- Denta Water IPO Lead Managers
- Smc Capitals Limited
- Registrar for Denta Water IPO
- Integrated Registry Management Services Private Limited
- Contact Number:044 – 28140801 to 28140803
- Email Address: vijayagopal@integratedindia.in
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