Denta Water and Infra IPO: Issue subscribed by 50x as it enters last day of bidding

The archetypal nationalist connection (IPO) of Denta Water and Infra Solutions is acceptable to participate its 3rd and last time of bidding today, January 24, 2025. The institution opened its bidding model connected January 22, 2025, seeking to rise Rs 220.5 crore done a caller contented of 0.75 crore equity shares. The terms set for the contented has been acceptable astatine Rs 279 to Rs 294 per share, with investors required to use for a minimum batch of 50 shares, costing Rs 14,700. 

Denta Water and Infra IPO: Day 1 & 2 subscription status

By the 2nd time of subscription, the IPO had already received a monolithic 50.63 times subscription, with bids for 26,58,10,750 shares against the 52,50,000 shares connected offer. Non-institutional investors led the demand, with their information being subscribed 128.41 times. Retail idiosyncratic investors (RIIs) showed beardown interest, with their information subscribed 43.51 times. The information allocated to qualified organization buyers (QIBs) was subscribed 4.75 times. On the archetypal day, QIBs had subscribed 1.67 times, portion non-institutional investors subscribed 36.4 times overall, with retail investors contributing to 18.02 times the full quota.

Denta Water and Infra: Allotment and Listing

On January 27, 2025, the IPO allotment volition instrumentality place, with shares expected to beryllium listed connected the NSE and BSE connected January 29, 2025. The IPO's registrar is Integrated Registry Management Services Pvt Ltd, portion SMC Capitals Pvt Ltd serves arsenic the book-running pb manager (BRLM).

Here's what analysts recommend 

Brokerages stay optimistic astir the IPO, recommending investors subscribe to it owed to the company’s fiscal health, just valuations, and robust bid book.

SBI Securities highlighted the maturation imaginable successful the Indian h2o and wastewater attraction market, projecting a CAGR of 6.2 per cent from CY24E to CY30E. Anand Rathi besides endorsed the IPO for semipermanent gains, citing the company’s expertise and beardown pipeline of projects.

About Denta Water and Infra 

Denta Water and Infra Solutions, founded successful 2016, is simply a cardinal subordinate successful the h2o engineering, procurement, and operation (EPC) services sector. The institution has completed 32 h2o absorption projects, including 11 arsenic the main contractor. It intends to usage proceeds from the IPO chiefly for gathering moving superior needs, with a information allocated for wide firm purposes.