Denta Water IPO Itemizing: Entry of ₹ 294 shares at ₹ 330, the corporate has such well being – INA NEWS
Denta Water IPO Itemizing: The shares of Danta Water, engaged on water administration infra tasks, received into the home market at the moment. Its IPO obtained super response from buyers and general it obtained greater than 221 occasions bid. Shares have been issued at a value of Rs 294 underneath the IPO. At this time, it has entered BSE at Rs 330.00 at Rs 330.00 and NSE at Rs 325.00 i.e. IPO buyers received an inventory achieve of about 12 per cent. Share and climb up after itemizing. It jumped as much as Rs 340.00 (Denta Water Share Worth) on BSE i.e. IPO buyers are actually 15.65% revenue.
Denta Water IPO received robust response
The ₹ 220.50 crore IPO of Denta Water was opened for subscription from January 22-24. This IPO obtained an incredible response from buyers and general it was subscribed to 221.54 occasions. It had a share of 236.94 occasions reserved for certified institutional consumers (QIB), a share of non-institutional buyers (NII) 507.07 occasions and retail buyers have been stuffed 90.38 occasions. Beneath this IPO, 75 lakh new shares with face worth of Rs 10 have been issued. The corporate will use the cash collected by these shares to fulfill the wants of working capital and in widespread company functions.
About Denta Water and Infra Options
Danta made in 2016 works on Water and Infra Options Water Administration Infra Tasks. Its groundwater recharge tasks have mastered. Speaking concerning the monetary well being of the corporate, it has been strongly strengthened. In FY 2022, it made a internet revenue of Rs 38.34 crore, which jumped within the subsequent monetary 12 months 2023 to Rs 50.11 crore and Rs 59.73 crore in FY 2024. Throughout this era, the corporate’s income elevated to Rs 241.84 crore from a compound charge (CAGR) of greater than 42 per cent yearly. Speaking concerning the present monetary 12 months 2024-25, within the first half April-September 2024 it has obtained a internet revenue of Rs 24.2 crore and a income of Rs 98.51 crore.
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Denta Water IPO Itemizing: Entry of ₹ 294 shares at ₹ 330, the corporate has such well being
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