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Denta Water IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Jan 22 to Jan 24 2025
Price Band ₹279 - 294
Current GMP ₹325(10.54%)
Subscription 221.52 times

IPO Details

IPO Date
January 22, 2025 to January 24, 2025
Listing Date
Wednesday, January 29, 2025
Face Value
₹10 per share
Price Band
₹279 to ₹294 per share
Lot Size
50 Shares
Total Issue Size
75,00,000 shares (aggregating up to ₹220.50 Cr)
Fresh Issue
75,00,000 shares (aggregating up to ₹ 220.50 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share Holding Pre Issue
1,92,00,000 shares
Share Holding Post Issue
2,67,00,000 shares

IPO Subscription Details

Anchor Investors
1
Qualified Institutions
236.94
Non-Institutional Buyers
507.05
bNII (bids above ₹10L)
556.49
sNII (bids below ₹10L)
408.16
Retail Investors
90.33
Total **
221.52

Day Wise Sub

DayDay 1 Jan 22, 2025
QIB1.67
NII36.4
NII (> ₹10L)33.29
NII (< ₹10L)42.61
Retail18.02
Total17.29
DayDay 2 Jan 23, 2025
QIB4.75
NII128.68
NII (> ₹10L)124.72
NII (< ₹10L)136.59
Retail43.94
Total50.9
DayDay 3 Jan 24, 2025
QIB236.94
NII507.05
NII (> ₹10L)556.49
NII (< ₹10L)408.16
Retail90.33
Total221.52

Day Wise GMP

Date29-01-2025
Price294.00
GMP73(24.83%)
Estimate List Price367
Date28-01-2025
Price294.00
GMP73(24.83%)
Estimate List Price367
Date27-01-2025
Price294.00
GMP76(25.85%)
Estimate List Price370
Date26-01-2025
Price294.00
GMP120(40.82%)
Estimate List Price414
Date25-01-2025
Price294.00
GMP120(40.82%)
Estimate List Price414
Date24-01-2025
Price294.00
GMP120(40.82%)
Estimate List Price414
Date23-01-2025
Price294.00
GMP137(46.60%)
Estimate List Price431
Date22-01-2025
Price294.00
GMP150(51.02%)
Estimate List Price444
Date21-01-2025
Price294.00
GMP165(56.12%)
Estimate List Price459
Date20-01-2025
Price294.00
GMP150(51.02%)
Estimate List Price444
Date19-01-2025
Price294.00
GMP145(49.32%)
Estimate List Price439
Date18-01-2025
Price294.00
GMP145(49.32%)
Estimate List Price439
Date17-01-2025
Price294.00
GMP45(15.31%)
Estimate List Price339

IPO Important Dates

IPO Open Date
Wednesday, January 22, 2025
IPO Close Date
Friday, January 24, 2025
Basis of Allotment
Monday, January 27, 2025
Initiation of Refunds
Tuesday, January 28, 2025
Credit of Shares to Demat
Tuesday, January 28, 2025
Listing Date
Wednesday, January 29, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 24, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares50
Amount₹14,700
ApplicationRetail (Max)
Lots13
Shares650
Amount₹1,91,100
ApplicationS-HNI (Min)
Lots14
Shares700
Amount₹2,05,800
ApplicationS-HNI (Max)
Lots68
Shares3,400
Amount₹9,99,600
ApplicationB-HNI (Min)
Lots69
Shares3,450
Amount₹10,14,300

Financial Information

Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 2024220.35
31 Mar 2024219.85
31 Mar 2023123.28
Period EndedRevenue
30 Sep 202498.51
31 Mar 2024241.84
31 Mar 2023175.75
Period EndedProfit After Tax
30 Sep 202424.2
31 Mar 202459.73
31 Mar 202350.11
Period EndedNet Worth
30 Sep 2024188.46
31 Mar 2024164.26
31 Mar 2023104.55
Period EndedReserves and Surplus
30 Sep 2024169.26
31 Mar 2024145.06
31 Mar 202399.74
Period EndedTotal Borrowing
30 Sep 20240.71
31 Mar 20240.86
31 Mar 20231.15

IPO Reservation

Investor CategoryAnchor Investor Shares Offered
Shares Offered22,50,000 (30%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered15,00,000 (20%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered11,25,000 (15%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered7,50,000 (10%)
Maximum Allottees1,071
Investor CategorysNII < ₹10L
Shares Offered3,75,000 (5%)
Maximum Allottees535
Investor CategoryRetail Shares Offered
Shares Offered26,25,000 (35%)
Maximum Allottees52,500
Investor CategoryTotal Shares Offered
Shares Offered75,00,000 (100%)
Maximum Allottees

Information about company

Incorporated in 2016, Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company engaged in designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects. The company has experience in water engineering and EPC services, the company specializes in infrastructure projects, including groundwater recharging through recycled water, addressing growing water solution demands. The company has successfully executed major projects like Byrapura, Hiremagaluru LIS, and KC Valley, contributing to Bengaluru's wastewater management and supporting the Government's Jal Jeevan Mission. The company owns 98 acres of land in Madikeri, Karnataka, producing coffee, pepper, and cardamom. Additionally, it has a beach resort in Udupi, generating revenue through a facility management agreement. Services: The company provides a comprehensive range of water management services like Preliminary investigations and reconnaissance Feasibility studies Planning and project formulation Field surveys and soil testing Design services Tender bidding consultancy Project management and construction supervision Operation and maintenance guidelines Engineering procurement consultancy Turnkey projects As of November 30, 2024, the company has executed 32 water management projects 11 as the main contractor, 1 in a joint venture, and 20 as a sub-contractor. In addition, the company undertakes construction projects on railways and highways. As of November 30, 2024, the company had 89 permanent employees. Competitive Strengths: Established expertise in water management projects with special focus on groundwater recharging In-house expertise in designing and engineering of water management infrastructure projects Strong Management Team Strong order book Established track record for timely execution Efficient Business Model

Objectives of IPO

The Company proposes to utilize the Net Proceeds raised through the Issue for the following objects: To meet working capital requirements of the Company General corporate purposes, subject to the applicable laws

Disclaimer

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