Market News
3 min read | Updated on January 27, 2025, 14:57 IST
SUMMARY
Denta Water IPO allotment status will be finalised on Monday, January 27. Investors can track the portals of Integrated Registry Management Services Private Limited, the BSE, and the NSE for updates on allotment finalisation.
Denta Water and Infra Solutions, founded in 2016, is a key player in water engineering, procurement, and construction services. | Image: Denta.co.in
Denta Water IPO: The basis of allotment of Denta Water and Infra Solutions Ltd will be finalised on Monday, January 27. The initial share sale, which received a massive response from all investors category, was subscribed nearly 222 times.
According to the consolidated data on the NSE, the initial public offer received bids for 1,16,38,18,100 shares against 52,50,000 shares on offer, leading to a total subscription of 221.68 times.
Non-institutional investors (NIIs) led the bidding as they subscribed their portion 507.27 times. They submitted applications for 57,06,83,300 shares against 11,25,000 shares set aside for them.
The qualified institutional buyers (QIBs) quota was subscribed 236.94 times as they applied to 35,54,07,600 shares compared to 15,00,000 shares on offer.
The portion for retail individual investors (RIIs) attracted 90.56 times the subscription, as bids were received for 1,16,38,18,100 shares against 52,50,000 shares reserved.
Shares of Denta Water and Infra Solutions Ltd will hit the National Stock Exchange (NSE) and the BSE on Wednesday, January 29, at 10 am.
The initial share sale was a fresh issue worth ₹220.50 crore with an offer-for-sale component. The price range was ₹279-₹294 per share. Investors were allowed to bid for at least one lot, consisting of 50 shares, worth ₹14,700.
The money generated will be used to meet working capital needs and corporate general purposes.
Denta Water and Infra Solutions, founded in 2016, is a key player in water engineering, procurement, and construction (EPC) services.
It has completed 32 water management projects, of which 11 were undertaken as the main contractor, 20 under a subcontract arrangement with the main contractor, and one under a consortium/joint venture arrangement.
Particulars | FY22 | FY23 | FY24 | H1FY25 |
---|---|---|---|---|
Revenue | ₹119.57 cr | ₹174.32 cr | ₹238.60 cr | ₹97.80 cr |
Net Profit | ₹38.34 cr | ₹50.11 cr | ₹59.73 cr | ₹24.20 cr |
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