In order to raise Rs 220.5 crore from the primary market, designer and installer of water management infrastructure, Denta Water and Infra Solutions will begin its initial public offering on January 22.
Offer size and structure
Only a new 75 lakh shares are being issued as part of the mainboard IPO; there is no offer-for-sale (OFS) component. Bidding for the public offer will end on January 24.
Price band and minimum bid
The Denta Water initial public offering price range is Rs 279 to Rs 294 per share. 50 is the minimum lot size required for an application. Retail investors must make a minimum investment of Rs 14,700.
Both sNII and bNII require a minimum lot size investment of 14 lots comprising of 700 shares amounting to Rs 2,05,800, and 69 lots comprising of 3,450 shares totalling to Rs 10,14,300, respectively.
Subscription and listing timeline
The subscription period for Denta Water's initial public offering (IPO) begins on January 22, 2025, and ends on January 24, 2025. On Monday, January 27, 2025, the allocation for the Denta Water IPO is anticipated to be finalised.
The tentative listing date for the Denta Water IPO is set for Wednesday, January 29, 2025, and it will be listed on the BSE and NSE.
Registrar and book running lead manager
Integrated Registry Management Services Private is the issue's registrar, and SMC Capitals is the book running lead manager for the Denta Water IPO.
About Company
An established participant in the water engineering, procurement, and construction (EPC) services market is Denta Water and Infra Solutions Ltd, also referred to as Denta Water.
It had finished 27 projects pertaining to the development of water management infrastructure as of October 31, 2023. The company has completed Rs 7.54 crore worth of projects related to building roads, bridges, and railway infrastructure.
