Denta Water IPO opens Jan 22: Check price band, lot size, key dates and more

Denta Water IPO: The initial public offering of Denta Water and Infra Solutions, which will open for subscription on January 22, has set a price band of ₹279-₹294 per share. The issue will conclude on January 24.

The bidding for anchor investors will be open for a day on January 21.

The initial share sale is exclusively a fresh issue of ₹7,500,000 equity shares aggregating to ₹220.50 crore.

The company will use fresh issue proceeds to the tune of ₹150 crore for working capital needs. A part will also be used for general corporate purposes.

Denta Water IPO: Lot size

Investors can apply for at least 50 shares, needing an investment of ₹14,700.

Half of the net issue has been reserved for qualified institutional buyers (QIBs), 35% for retail investors and the remaining 15% for non-institutional investors.

Denta Water IPO: Allotment and listing date

• Bidding dates: January 22-January 24
• Basis of allotment: January 27
• Initiation of refunds: January 28
• Credit to Demat account: January 28
• Listing on NSE and BSE: January 29

Established in 2016, Denta Water and Infra Solutions is a key player in water engineering, procurement, and construction (EPC) services. It is a critical contributor to water-related solutions, including groundwater recharging through recycled water.

Denta Water also maintains water management infrastructure projects. It is one of the few firms in India with expertise in the design, installation, commissioning, operations, and maintenance of groundwater recharging using recycled water.

As of October 2023, the company has completed 27 water management infrastructure developments, and 22 are ongoing, with a contract value of ₹984.23 crore.

SMC Capitals Ltd is the book-running lead manager for the issue, while Integrated Registry Management is the registrar.