The Denta Water IPO, a book-built issue worth ₹220.50 crore, consists entirely of a fresh issue of 75 lakh equity shares. The IPO bidding period opened on January 22, 2025, and will close on January 24, 2025. The allotment is expected to be finalized on January 27, 2025, with a tentative listing date of January 29, 2025, on BSE and NSE.
The Denta Water IPO price band is set at ₹279 to ₹294 per share. Retail investors can apply with a minimum lot size of 50 shares, requiring an investment of ₹14,700. For small non-institutional investors (sNII), the minimum investment is 14 lots (700 shares) at ₹2,05,800, while large non-institutional investors (bNII) need 69 lots (3,450 shares), amounting to ₹10,14,300.
Managed by SMC Capitals Limited, with Integrated Registry Management Services Private Limited as the registrar, the IPO saw significant demand on its opening day. According to BSE data, it was oversubscribed 17.05 times, receiving bids for 8.95 crore shares against an offer of 52.5 lakh shares. The retail portion was subscribed 17.63 times, non-institutional investors’ quota by 36.21 times, and qualified institutional buyers’ (QIB) quota by 1.67 times.
Denta Water and Infra Solutions Ltd raised over ₹66 crore from anchor investors ahead of the IPO.
