Denta Water IPO to open tomorrow: All you need to know about Price band, issue size, allotment and more

Denta Water and Infra Solutions Limited is launching its Rs 220.5 crore IPO connected January 22, 2025, with a terms set of Rs 279–Rs 294 per stock and a look worth of Rs 10. 

The offering, wholly a caller contented of 75 lakh shares, volition stay unfastened for subscription until January 24, 2025. Investors tin use for a minimum batch size of 50 shares, requiring an concern of Rs 14,700 for retail participants. For sNII investors, the minimum exertion is 14 lots, equivalent to Rs 2,05,800, portion bNII investors request to use for 69 lots, translating to Rs 10,14,300. 

The institution has reserved not much than 50 percent of the nett contented for qualified organization buyers, astatine slightest 35 percent for retail idiosyncratic investors, and astatine slightest 15 percent for non-institutional investors. 

The allotment is expected to beryllium finalised connected January 27, 2025, with refunds initiated the adjacent day. Shares volition beryllium credited to demat accounts connected January 28, 2025, and the banal is acceptable to database connected BSE and NSE connected January 29, 2025. 

Objectives of Denta Water IPO 

The nett proceeds from the IPO are planned to beryllium utilised for: 

1. Addressing the company’s moving superior needs. 
2. General firm purposes, successful compliance with applicable laws. 

About Denta Water and Infra Solutions

Founded successful 2016, Denta Water and Infra Solutions Limited specialises successful designing, installing, and commissioning h2o absorption infrastructure projects, focusing connected groundwater recharge and recycled h2o engineering. 

The company’s notable projects see Byrapura, Hiremagaluru LIS, and KC Valley, which person importantly contributed to Bengaluru’s wastewater absorption efforts and supported the Government of India’s Jal Jeevan Mission. This expertise places the institution successful a beardown presumption to code the expanding request for sustainable h2o solutions. 

Beyond its halfway infrastructure business, the institution generates further gross done its diversified assets. It owns 98 acres of cultivation onshore successful Madikeri, Karnataka, producing coffee, pepper, and cardamom. Additionally, it operates a formation edifice successful Udupi, which contributes to its net done a installation absorption agreement.