Denta Water IPO: Problem of ₹220 crore will open immediately on January 22, anchor buyers invested ₹66 crore – INA NEWS

Denta Water IPO: The general public subject of Rs 220.50 crore of Denta Water and Infra Options Restricted is scheduled to open immediately on January 22. A day earlier, the corporate raised Rs 66.15 crore from 10 institutional buyers by way of anchor e-book. The corporate stated in an trade submitting that the allocation of twenty-two.5 lakh shares to anchor buyers at a value of Rs 294 per share has been finalized. Veteran investor Sunil Singhania’s Abacus Diversified Alpha Fund-2 was the most important investor within the anchor e-book. It purchased 3.4 lakh shares value Rs 10 crore.

This was adopted by Sustainable Development Fund and Rajasthan International Securities. Each of them individually purchased 3.23-3.23 lakh shares value Rs 9.5 crore. Different institutional buyers that participated within the anchor e-book included Cent Capital Fund, FinAvenue Capital Belief, Chhattisgarh Investments, StepTrade Revolution Fund, Mint Centered Development Fund, Astorn Capital and Artha AIF.

When will you be capable of make investments cash in IPO?

75 lakh new shares can be issued in IPO. Closing will happen on January 24. The value band for bidding within the IPO is Rs 279-294 per share and the lot measurement is 50 shares. The allotment can be remaining on January 27 after the closure of Denta Water IPO. The itemizing of shares will happen on BSE and NSE on January 29.

Denta Water & Infra Options Restricted, integrated in 2016, is engaged in designing, putting in and commissioning of water administration infrastructure tasks. It focuses on groundwater recharge tasks by way of recycled water. The corporate has expertise in water engineering and EPC providers. The promoters of the corporate are Saubhagyamma, Sujith TR, C Mrutyunjay Swamy and Hema HM.

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Reserve portion of Denta Water IPO

50 % of the IPO is reserved for certified institutional patrons, 35 % for retail buyers and 15 % for non-institutional buyers. The e-book operating lead supervisor for this IPO is Smc Capitals Restricted. The registrar is Built-in Registry Administration Providers Non-public Restricted.

What alerts from the grey market

Within the grey market, Denta Water shares are buying and selling at a premium of Rs 165 or 56.12% to the higher value band of IPO at Rs 294. On this foundation, the itemizing of shares is predicted to be at a value of Rs 459. The corporate will use the cash raised by issuing new shares in its IPO for working capital wants or normal company functions.

How financially sturdy is Denta Water?

Speaking in regards to the monetary place of Denta Water, the corporate’s income within the monetary yr 2024 was Rs 241.84 crore. In FY 2023 it was recorded at Rs 175.75 crore. Internet revenue in FY 2024 stood at Rs 59.73 crore, which was Rs 50.11 crore a yr in the past. Within the April-September 2024 interval, Denta Water had income of Rs 98.51 crore and web revenue of Rs 24.2 crore.