Denta Water, Rexpro Enterprises IPOs to open on January 22: Check price band, lot size, key details

The initial public offerings of water and infrastructure solutions company Denta Water and Infra Solutions Ltd, and retail fixtures and displays manufacturer Rexpro Enterprises Ltd will open for public subscription on Wednesday, January 22, 2025.

Denta Water and Infra Solutions IPO is a mainboard issue, while Rexpro Enterprises' public offer is an NSE SME issue, which will be listed on the Emerge platform. The shares of the two companies will be listed on Wednesday, January 29.

Denta Water and Infra Solutions IPO

The initial share sale of Denta Water and Infra Solutions, with a price band of ₹279 to ₹294 per equity share, is solely a fresh issuance of 75 lakh shares aggregating to ₹220.5 crore. There is no offer-for-sale (OFS) component.

The money raised will be used for working capital needs and general corporate purposes.

Investors can bid for at least 50 shares worth ₹14,700 and in multiples thereafter. The company said that 50% of the issue size has been reserved for qualified institutional buyers (QIBs), 35% for retail individual investors and 15% for non-institutional investors (NIIs).

Denta Water and Infra Solutions, founded in 2016, provides water engineering, procurement, and construction (EPC) services.

SMC Capitals is the sole book-running lead manager to the IPO, while Integrated Registry Management Services Pvt Ltd is the registrar.

Rexpro Enterprises IPO

The ₹53.65 crore Rexpro Enterprises IPO is a fixed-price issue at ₹145 per share. The initial public offer combines the fresh issuance of 32.50 lakh shares worth ₹47.13 crore with an OFS valued at ₹6.53 crore.

The net issue proceeds will be used to purchase equipment and renovate the factory, fund working capital requirements, grow inorganically, and for general corporate purposes.

Investors can apply for at least 1,000 shares, needing an investment of ₹1,45,000.

Horizon Management Pvt Ltd is the issue's book-running lead manager, while Cameo Corporate Services Ltd is the registrar.

Rexpro Enterprises is a growing diversified product manufacturing firm. It started as a one-stop solution for retailers' furniture and fixture requirements. It has acquired clients across multiple retail segments, including fashion, lifestyle, grocery, electronics, beauty, telecom, etc.

Rexpro Enterprises has made complete standalone stores, kiosks, shop-in-shops, and displays for leading global brands and large Indian retailers. It has diversified into commercial and institutional furniture for hospitals, offices, and government offices.