Wed Jan 22 21:22:19 IST 2025: ## Denta Water and Infra IPO Oversubscribed on Day 1

**Mumbai, January 22, 2025** – The initial public offering (IPO) of Denta Water and Infra Solutions Ltd., a water and infrastructure solutions company, saw phenomenal demand on its first day, exceeding expectations with significant oversubscription. By the close of trading, the IPO was oversubscribed 17.05 times, with bids for 8,95,10,100 shares against the 52,50,000 shares on offer.

Retail investors showed particularly strong interest, with their portion of the IPO oversubscribed by 17.63 times. Non-institutional investors were even more enthusiastic, subscribing 36.21 times their allotted quota. While the Qualified Institutional Buyers (QIBs) portion saw a more modest 1.67 times oversubscription, the overall response signifies high investor confidence in the company.

Denta Water, established in 2016, focuses on water management and infrastructure projects, including groundwater recharge. The company has completed 32 projects and boasts an impressive order book valued at ₹7,524.51 million (as of November 30, 2024), providing strong revenue visibility for the coming years. The IPO, which consists entirely of a fresh issuance of 75 lakh equity shares, aims to raise ₹220.5 crore at the upper end of the price band. The majority of the proceeds (₹150 crore) will be used to meet working capital requirements.

The company’s strong performance and the positive grey market premium (GMP) – which dropped slightly to ₹150 per share on the first day – contributed to the high demand. Analysts have offered positive assessments, citing the company’s strategic positioning in high-growth sectors, robust order book, and strong execution capabilities. Several analysts have given a “subscribe” rating for the IPO, recommending it for both medium and long-term investment. The IPO closes on Friday, January 24th. The company secured over ₹66 crore from anchor investors prior to the IPO launch.

**Disclaimer:** This news article summarizes information from various sources and does not constitute investment advice. Investors are advised to conduct their own due diligence before making any investment decisions.

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