Denta Water IPO: Situation of ₹ 220 crore will open on January 22, 75 lakh new shares will probably be issued. – INA NEWS

Denta Water IPO: The general public subject of Rs 220.50 crore of Denta Water and Infra Options Restricted goes to open on January 22. On this, 75 lakh new shares will probably be issued. Anchor traders will have the ability to bid on January 21 and the difficulty will shut on January 24. The worth band for bidding within the IPO is Rs 279-294 per share and the lot dimension is 50 shares. The allotment will probably be closing 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, included in 2016, is engaged in designing, putting in and commissioning of water administration infrastructure initiatives. It focuses on groundwater recharge initiatives 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.

Reserve portion of Denta Water IPO

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

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What alerts from the grey market

Within the grey market, Denta Water shares are buying and selling at a premium of Rs 45 or 15.31% to the higher value band of Rs 294 over the IPO. On this foundation, the itemizing of shares is predicted to be at a value of Rs 339. The corporate will use the cash raised by issuing new shares in its IPO for working capital wants or basic company functions.

How financially robust 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 internet revenue of Rs 24.2 crore.