Denta Water and Infra IPO: Price, Dates, and Details You Need to Know

The much-awaited Denta Water and Infra IPO is here! Investors and analysts are talking about this great opportunity to join the growth company specializing in water and infrastructure solutions. Here's everything you need to know before you make that investment decision.

💧Denta Water and Infra Solutions Limited IPO

🗓️Date:  22 - 24 Jan,2025

🏷️Price Band: ₹279- ₹294

📦Market Lot:  50 Shares

💰Application Amount: ₹14,700

📏Size: ₹221 Cr Approx

👦Retail Portion: 35%

📃 Retail Form: 52,500

📄HNI Small Form: 536

📄HNI Big Form: 1,071

🏷️Face Value: ₹10

Denta Water and Infra IPO Price Band

The Denta Water and Infra IPO is placed in a price band between ₹279 to ₹294 equity shares, and every equity share carries a face value of ₹10. With that, the floor price is marked 27.90 times the face value; whereas the cap price will be noted at 29.40 times the face value. At one extreme end at a lower price value P/E of ₹8.97 times whereas on the extreme other end price will be observed as 9.45 times as per fiscal year 2024 diluted EPS.

Denta Water and Infra IPO Subscription Date

Mark the date! Denta Water and Infra IPO is open for subscription from Wednesday, 22nd January, and will be closed on Friday, 24th January. The date of allocation to the anchor investors has been scheduled for Tuesday, 21st January.

Denta Water and Infra IPO Lot Size

The IPO lot size is 50 equity shares, while bids can be made in multiple lots of 50 equity shares thereafter. Details of minimum and maximum investment can be seen below:

Denta Water and Infra IPO Size and Reservation

The total size of the Denta Water and Infra IPO is around ₹220.50 crore with a fresh issue of 7.5 million shares. The split of allocation is as follows:

50% of shares are reserved for Qualified Institutional Buyers (QIB).

15% for Non-Institutional Investors (NII).

35% of the offer is reserved for retail investors.

Basis of Allotment and Listing Date of Denta Water and Infra IPO

The tentative basis of allotment for the Denta Water and Infra IPO will be finalized on Monday, January 27. Refunds will be initiated on Tuesday, January 28, with shares credited to the demat accounts of successful allottees on the same day. The listing date is expected to be Wednesday, January 29, on both the BSE and NSE.

Denta Water and Infra Solutions: A Quick Review

Denta Water and Infra Solutions Limited is an upcoming player in the water and infrastructure sector. Their services are offered in water management and groundwater recharge initiatives. It has a good experience in engineering, procurement, and construction (EPC) services and mainly focuses on:

• Design and installation of water infrastructure projects.
• Groundwater recharge through recycled water.
• Supporting government initiatives like the Jal Jeevan Mission.

Notable projects include Byrapura, Hiremagaluru LIS, and KC Valley, which have greatly improved Bengaluru's wastewater management.

Peer Comparison

The listed peers of the company are as follows:

• VA Tech Wabag, with a P/E of 38.41.
• EMS, with a P/E of 27.47.

The relatively lower P/E ratio for Denta Water and Infra IPO highlights its valuation attractiveness compared to its peers.

Use of Proceeds

The funds raised through this IPO will be used as follows:

₹150 crore for working capital requirements, of which ₹50 crore for the current year, and ₹100 crore for the next year.

Lead Managers and Registrars

SMC Capitals Limited would function as the lead book-running for this IPO.

The registrars would be Integrated Registry Management Services Private Limited.

Final Words on Denta Water and Infra IPO

Denta Water and Infra IPO seem promising in terms of the price band being quite competitive and an attractive valuation with a proven track record of delivering water infrastructure projects.  Sectors such as government-backed initiatives, and sustainable water management solutions, and the company's focus on them are crucial for the business niche.

Therefore, for those thinking of subscribing to this IPO, remember the date of the IPO subscription, the lot size, and the date of listing in order to benefit from the same. Don't miss this chance to be part of this exciting venture! 

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