Denta Water IPO Closes with Strong Subscription
The Denta Water IPO , which closed on January 24, 2025, saw an overwhelming subscription, primarily driven by non-institutional Investors (NIIs). The Rs. 220.5 crore IPO, consisting of 75 lakh fresh equity shares, opened for bidding on January 22, 2025. The offering received a massive response, with over 116.29 crore shares bid for, resulting in a subscription rate of 221.52 times the shares on offer.
Denta Water IPO Breakdown of Subscription Details:
- Retail Category: 23.71 crore shares were bid for, against 26.25 lakh shares available, leading to a subscription rate of 90.33 times.
- Non-Institutional Investors (NIIs): More than 57.04 crore shares were bid for, against 11.25 lakh shares reserved, resulting in an astonishing subscription rate of 507.05 times.
- Qualified Institutional Buyers (QIBs): Applied for over 35.54 crore shares against 15 lakh shares, booking their quota nearly 237 times.
The share allotment status for investors can be checked on the websites of NSE, BSE, and the issue registrar, Integrated Registry Management Services Pvt. Ltd.
IPO Details:
- Price Band: Rs. 279 to Rs. 294 per share
- Minimum Lot Size: 50 shares (Rs. 14,700 investment for retail applicants)
- IPO Listing Date: January 29, 2025, on both NSE and BSE
Use of IPO Proceeds: Denta Water plans to allocate Rs. 150 crore from the IPO proceeds to meet working capital requirements for FY25 and FY26, with a portion also earmarked for general corporate purposes.
Company Overview: Denta Water and Infra Solutions provides water engineering, procurement, and construction (EPC) services, focusing on the design, installation, and commissioning of water management infrastructure projects.
Key Financials:
- Revenue: Rs. 97.78 crore (6MFY25), Rs. 238.59 crore (FY24), Rs.174.32 crore (FY23)
- Profit After Tax (PAT): Rs. 24.1 crore (6MFY25), Rs. 59.72 crore (FY24), Rs. 50.11 crore (FY23)
- Debt to Equity Ratio: 0.01
- ROCE: 76.99%
- ROE: 36.36%
- PAT Margin: 25.03%
How to Check Denta Water IPO Allotment Status 2025
integrated ipo allotment status check
On the Registrar’s Website:
- Visit the issue registrar’s IPO allotment status page: Integrated Registry Management Services.
- Click on the “IPO allotment status” tab.
- Select “IPO” as the allotment option.
- Choose Denta Water and Infra Solutions as the company name.
- Enter your Application Number, PAN, or Client ID.
- Click on Submit.
On the NSE Website:
- Visit the NSE IPO allotment status page.
- Choose Equity & SME IPO bid details from the two options.
- Select Denta Water and Infra Solutions from the dropdown list.
- Enter your PAN and Application Number.
- Click on Submit.
On the BSE Website: Investors can also check their IPO allotment status by entering their PAN and Application Number details on the BSE website.
