Denta Water and Infra Solutions Limited made a strong debut on the stock market today, January 29, 2025, with its shares listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The company, which specializes in water management infrastructure projects, opened at ₹330 on the BSE, reflecting a 12.24% premium over its IPO price of ₹294.
On the NSE, shares began trading at ₹325, a 10.54% premium. The IPO, which took place from January 22 to January 24, was met with significant investor interest, being oversubscribed by 221.54 times overall.
The offering aimed to raise approximately ₹220.50 crores through a fresh issue of shares priced between ₹279 and ₹294 each. Retail investors were required to apply for a minimum of 50 shares, translating to an investment of at least ₹14,700.
Denta Water reported robust financials leading up to its IPO, with revenues increasing from ₹175.75 crores in 2023 to ₹241.84 crores in 2024.
The company’s profit also saw a rise from ₹50.11 crores to ₹59.73 crores during the same period.
These figures have led analysts to recommend long-term investments in the company. As trading commenced, Denta Water shares quickly rose by about 5%, reaching approximately ₹341.25 shortly after opening.
This initial performance has positioned the company with a market capitalization nearing ₹881.10 crores.
Investors and market analysts are keenly observing Denta Water’s performance as it embarks on its journey as a publicly traded entity, particularly given its focus on sustainable water management solutions and innovative projects across Karnataka.
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