Denta Water and Infra came to market through an IPO that opened on 22 January 2025 and closed on 24 January 2025, and the shares listed on 29 January 2025 on BSE, NSE. The price band was ₹279 to ₹294 per share and one lot was 50 shares, so the minimum application was ₹14,700. The issue size was ₹220.5 crore. The whole issue was fresh shares, so the money raised went to the company.
Integrated Registry Management Services Private Limited was the registrar to the issue, and Smc Capitals Limited was the lead manager.
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Denta Water and Infra Solutions Limited, established in 2016, is an emerging water and infrastructure solutions company into designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.The company has experience in water engineering and EPC services with specialisation in infrastructure projects in which there is a need to meet growing water solution demands through recharge of groundwater using recycled water. Major projects that the company has successfully completed include Byrapura, Hiremagaluru LIS, and KC Valley.
This will help manage Bengaluru's wastewater and further the Government's Jal Jeevan Mission.The company has 98 acres of land in Madikeri, Karnataka, where it grows coffee, pepper, and cardamom. It also has a beach resort in Udupi that earns money from a facility management agreement. Services: The company offers a complete suite of water management services including:
1. Preliminary investigations and reconnaissance 2. Feasibility studies 3. Planning and project formulation 4. Field surveys and soil testing 5. Design services 6. Tender bidding consultancy 7. Project management and construction supervision 8. Operation and maintenance guidelines 9. Engineering procurement consultancy 10. Turnkey projects As on 30 Nov. 2024, the company has implemented 32 water management projects 11 as prime contactor, 1 joint venture and 20 as sub contactor.
In addition to that, the company undertakes railway and highways construction projects. As of November 30, 2024, the company had 89 permanent employees.
As described in the offer document.
| Metric | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Denta Water and Infra raises Rs 66 crore from anchor investors ahead of IPO. Foreign and domestic institutions who participated in the anchor included Abakkus Diversified Alpha Fund-2, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhatisgarh Investments Ltd, Steptrade Revolution Fund, Astorne Capital VCC -- Arven and Aarth AIF,
Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy, Hema HM. Promoter holding 100% before the issue and 71.91% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Denta Water and Infra IPO was a ₹220.5 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹279–₹294 per share with a lot size of 50 shares (₹14,700). The IPO was open from January 22 to January 24, 2025. Shares listed on BSE and NSE on January 29, 2025 at ₹325, a 10.5% premium to the issue price of ₹294. Integrated Registry Management Services Private Limited is the registrar.
Smc Capitals Limited is the book running lead manager.
The price band of Denta Water and Infra IPO is ₹279 to ₹294 per share.
The lot size of Denta Water and Infra IPO is 50 shares.
The minimum investment for Denta Water and Infra IPO is approximately ₹14,700 based on the upper price band.
The allotment date of Denta Water and Infra IPO is Jan 27, 2025.
Denta Water and Infra IPO's final recorded GMP before listing was ₹75 per share (a 26% premium over the ₹294 upper price band). The shares listed at ₹325. GMP is unofficial and does not forecast or guarantee the actual listing price.
Denta Water and Infra IPO listed on Jan 29, 2025. It was issued at ₹325.0 (NSE) and is currently around ₹221.45 as on 30-Oct-2026 3:30 PM, which is approximately -24.7% versus issue price. The 52-week high is ₹444.50.
You can check Denta Water and Infra IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Denta Water and Infra IPO allotment status on Rupix for quick and easy access.
₹279 to ₹294 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 50 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,700.
₹14,700, for one lot of 50 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 22 January 2025 and closed on 24 January 2025.
The basis of allotment was published on 27 January 2025 by Integrated Registry Management Services Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 29 January 2025 on BSE, NSE.
The issue size was ₹220.5 crore. The fresh issue was 75,00,000 shares (aggregating up to ₹220.5 crore).