Money

Denta Water IPO Oversubscribed Over 221 Times, Reflecting Strong Investor Demand

 


As of January 27, 2025, the Denta Water and Infra Solutions IPO has garnered significant attention from investors, achieving an impressive oversubscription rate of 221.68 times by the end of its bidding period on January 24, 2025.

This public offering, which aimed to raise ₹220.5 crore, was met with overwhelming enthusiasm across various investor categories.

The IPO was open for subscription from January 22 to January 24, 2025, with a price band set between ₹279 and ₹294 per share.

The total bids received reached a staggering 1,16,38,18,100 shares against the 52,50,000 shares offered. This remarkable demand was primarily driven by:

  • Non-Institutional Investors (NIIs): Subscribed 507.27 times
  • Qualified Institutional Buyers (QIBs): Subscribed 236.94 times
  • Retail Individual Investors (RIIs): Subscribed 90.56 times

The robust participation indicates a strong market confidence in Denta Water’s business model and growth potential within the water management sector.

Established in 2016, Denta Water specializes in designing and implementing water infrastructure projects, including groundwater recharge systems and recycled water initiatives.

The company has actively contributed to government projects such as the Jal Jeevan Mission.

The allotment status for the IPO is expected to be finalized today, January 27, 2025, with shares slated to list on the BSE and NSE on January 29, 2025.

Current grey market trends suggest that shares may debut at around ₹414, reflecting a premium of approximately 40.82% over the upper end of the IPO price band.

Denta Water’s successful IPO reflects not only its strategic positioning in a growing sector but also the increasing demand for sustainable water solutions in India.

As investors await the allotment results, all eyes will be on how this promising company performs in the public market post-listing.

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