Denta Water IPO Opens Jan 22: Price Band Set at ₹279-₹294

Denta Water and Infra Solutions Ltd IPO has announced that its IPO will open for subscription on January 22 and close on January 24. The price band for the IPO is set between ₹279 and ₹294 per share.

IPO Size and Allocation

The IPO involves a fresh issue of 75 lakh equity shares, amounting to ₹220.5 crore at the upper price band.

• 50% of the shares are reserved for QIBs (Qualified Institutional Buyers).
• 35% are set aside for retail investors.
• The remaining 15% is allocated to non-institutional investors.

Investors can bid for 50 shares and in multiples of 50 shares thereafter.

Use of IPO Proceeds

The company intends to allocate ₹150 crore from the IPO proceeds for working capital needs, with the rest directed towards general corporate expenses.

About Denta Water and Infra Solutions Ltd

Founded in 2016, Denta Water specialises in water Engineering, Procurement, and Construction (EPC) services.

• The company has successfully completed 32 water management projects, which include:
  • 11 projects as the main contractor.
  • 1 project under a consortium/joint venture.
  • 20 projects under sub-contract arrangements.

Lead Manager

SMC Capitals is the book-running lead manager for the IPO. 

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