Denta Water IPO: Analyst analysis of Denta Water’s IPO is showing positive results. Investors were urged by analysts to purchase the book-built issue for the long run because the company has a robust order book and an effective business plan. Let’s learn if it’s worth subscribing or not!
Overview of Denta Water
Denta is a renowned civil engineering contractor committed to the important tasks of groundwater recharge and water restoration. Through its brilliantly skilled team and unwavering fundamental principles, Denta has established a reputation for providing top-notch solutions. Denta is an expert at carrying out projects centered on groundwater recharge and water restoration. Their knowledge spans many different fields, with a focus on protecting and restoring this valuable resource.
Details of Denta Water IPO
All the key details of the Denta Water IPO are given below:
| Opening Date of IPO | 22 January 2025 |
| Closing Date of IPO | 24 January 2025 |
| Type | Book-Built Issue |
| Listed At | NSE and BSE |
| Lot Size | 50 |
| Issue Size | 220.50 Crores |
| IPO Registrar | Integrated Registry Mgt Ser.Pv. |
Goals & GMP of Denta Water IPO
Denta Water and Infra’s unlisted shares are currently selling at Rs 444 each on the gray market, which is another indication of the robust reaction to the company’s initial public offering. Sources following unofficial markets report that this represents a premium of Rs 150, or 51.02 percent, over the end (upper) of the pricing band of Rs 294 of the IPO. The current price of Denta Water GMP is between Rs 145 and Rs 150, which is 49% more than the issue price. The following goals are what the company plans to use the net proceeds from the issue for:
- To satisfy the company’s overall working,
- To satisfy the capital needs for general corporate objectives in accordance with the relevant regulations.
Denta Water IPO Review
Second day into its subscription, Dental Water IPO is high in demand. Demand for the infra IPO and Denta Water was even high on the opening day, and it was fully subscribed. On the first day of the bidding, the IPO was subscribed 17.05 times, with 8,95,10,100 shares bid against the 52,50,000 shares available, according to BSE data.
Retail investors received 17.63 times the subscription rate, whereas non-institutional investors (NII) received 36.21 times the subscription rate. 1.67 times as many QIBs (Qualified Institutional Buyers) are booked. Before going public, Infra Solutions and Denta Water raised just over ₹66 crore from anchor investors. The pricing range for Denta Water’s initial public offering is 279₹ to 294₹ per share.
Conclusion
Although your personal risk tolerance and investing objectives will determine whether or not you choose to participate in the Denta Water IPO, one can consider this IPO if interested in the long-term investment.
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