Denta Water and Infra IPO Day 1 Updates: The company begins accepting investor applications from January 22 through January 24 at an issue price range of ₹279 to ₹294 to accumulate ₹220.50 crore for water management and infrastructure projects.
Denta Water and Infra open their stock to trade on day one
IPO Subscription Details
Denta Water and Infra Solutions Ltd opens the subscription period for its public offering from Wednesday January 22 to Friday January 24.
The company shared its anchor investment results before its IPO opened.
The company confirmed Tuesday it collected ₹66 million through anchor commitments before its initial public offering (IPO). The release brings 75 lakh new equity shares into circulation to raise ₹220.5 crore at the highest market price.
Utilization of IPO Proceeds
Denta Water and Infra will use the entire capital raised to address operational needs through working capital and invest in corporate operations.
Key Details of the IPO
- Price Band: ₹279 to ₹294
- Issue Size: ₹220.5 crore
- Lead Manager: As the book-running lead manager for the IPO SMC Capitals guides all aspects of the public offering process.
Company Overview
Since 2016 Denta Water and Infra Solutions Ltd has grown to become an important figure in the water EPC sector.
Project Achievements
The company has completed a total of 32 water management projects, categorized as follows:
- 11 jobs where we served as the main builder
- The company worked as a partner entity in a combined business effort for one project.
- 20 times Denta Water and Infra Solutions worked with principal builders as their secondary project partner.
These water projects demonstrate the company’s strong technical achievement in the water infrastructure market.
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