Denta Water Share Price Live Updates: The equity shares of Denta Water and Infra Solutions Ltd are scheduled to be listed on the Indian stock market today following a robust interest in its initial public offering (IPO). The listing date for the Denta Water and Infra IPO is today, January 29. The Denta Water and Infra IPO was available for subscription from January 22 to 24. The allotment for the IPO has been completed, and Denta Water shares will be available on both the BSE and NSE today.
Denta Water and Infra Solutions IPO received an overwhelming 221.52 times subscription on the final day of the bidding process. The portion allocated for non-institutional investors achieved an extraordinary 507.05 times subscription, while the segment for Qualified Institutional Buyers (QIBs) saw a subscription rate of 236.94 times. Retail Individual Investors (RIIs) accounted for a subscription of 90.33 times in their category.
On Tuesday, Denta Water and Infra Solutions announced that it has secured just over ₹66 crore from anchor investors. The price range for the issue is set between ₹279 and ₹294 per share. The IPO consists entirely of a fresh issuance of 75 lakh equity shares, amounting to ₹220.5 crore at the higher end of the price range. Established in 2016, Denta Water and Infra Solutions Ltd has become a significant player in the area of water engineering, procurement, and construction (EPC) services.
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Denta Water Share Price Live Updates: Check out investment rationale of BP Equities
- Strong order book in water management projects driving future growth
- Efficient asset-light business model driving operational excellence
Denta Water Share Price Live Updates: All you need to know about the firm
Denta Water and Infra Solutions Limited, founded in 2016, is an expanding company focused on water and infrastructure solutions, specializing in the design, installation, and commissioning of water management infrastructure projects with a particular emphasis on groundwater recharge initiatives. The organization possesses extensive knowledge in water engineering and EPC services, concentrating on infrastructure projects, such as groundwater recharging utilizing recycled water, to meet the increasing demands for water solutions.
Denta Water Share Price Live Updates: Investment rationale of Arihant Capital
- Established expertise in water management projects
- In-house expertise in designing and engineering of water management infrastructure projects
- Strong Order Book
Denta Water Share Price Live Updates: All you need to know about the financials
The consolidated revenue grew with a CAGR of over 41% from ₹119.57 cr to ₹238.6 cr between FY 2022- 24 led by GWR projects in water management and FY 2024, the company’s top line significantly rose by 36.87%. The operating profit grew by 18.19% to ₹79.14 cr in the last fiscal year compared with the same period a year ago. The operating margin tumbled by 524 bps in the same period which was 33.17% / 38.41% in FY24/FY23.
Denta Water Share Price Live Updates: Check out some key risks
- Company’s promoter faces legal scrutiny
- Allegations of corrupt practices against Mruthyunjaya Swamy
- Company’s revenue heavily reliant on government contracts
- Joint agreements expose company to risks
Denta Water Share Price Live Updates: All you need to know about the firm’s order book
As of November 2024, the company has a strong order book of projects including direct contracts and sub-contracts worth ₹1,100.43 cr, out of which, ₹1,066.75 cr is about water management projects. The company has completed ₹347.98 cr worth of projects out of the total order book and it generally takes an average of 24-36 monthsto complete the GWR projects.
Denta Water Share Price Live Updates: Check out competitive strength of the firm as per experts
- Established expertise in water management projects
- In-house expertise of designing and engineering of projects
- Denta Water & Infra Solutions secures strong order book
- Efficient business model
Denta Water Share Price Live Updates: Check out Akriti Mehrotra’s comments
According to Akriti Mehrotra, Research Analyst, Stoxbox, Denta Water and Infra Solutions Ltd made a decent debut with shares listing at a premium of approximately 11% above the issue price of ₹294. Overall, Denta Water’s strategic focus on water management projects, expanding market opportunities, and robust order book position it for continued growth in the water management and infrastructure sectors. Investors who have been allocated shares are advised to hold their positions with a medium- to long-term outlook.
Denta Water Share Price Live Updates: Stock Check
Denta Water share price locked in 5% upper circuit on the bourses post a lukewarm listing. At 10:30 IST, Denta Water share price was trading at ₹346.45 apiece on the BSE, and on the stock was trading at ₹341.25 per share on the NSE.
Denta Water Share Price Live Updates: Check out Shivani Nyati’s post listing comments
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd stated that the company made a quiet stock market debut, listing for Rs. 330 per share, a significant 12% premium over its issue price of Rs. 294. Participants in the initial public offering (IPO) may hold on their shares for a long time.
Denta Water Share Price Live Updates: Stock makes a lukewarm debut, opens with 10.5% premium at ₹325 on NSE
Denta Water share price made a lukewarm debut on the bourses today. On NSE, Denta Water share price opened at ₹325 per share, 10.5% higher than the issue price of ₹294. On BSE, Denta Water share price today opened at ₹330 apiece, up 12.24% than the issue price.
Denta Water Share Price Live Updates: IPO reservations
Denta Water and Infra IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Denta Water Share Price Live Updates: All you need to know about the peers
As per the red herring prospectus (RHP), the company’s listed peers are VA Tech Wabag (with a P/E of 38.41), and EMS (with a P/E of 27.47).
Denta Water Share Price Live Updates: Check out Akriti Mehrotra, Research Analyst, StoxBox views
Denta Water and Infra Solutions Ltd. is set for a strong market debut, anticipated to list with a premium of 35%. Overall, Denta Water’s strategic focus on water management projects, expanding market opportunities, and robust order book position it for continued growth in the water management and infrastructure sectors. Investors who have been allocated shares are advised to hold their positions with a medium- to long-term outlook.
Denta Water Share Price Live Updates: Check out issue details
The IPO includes a completely new issue of 7.5 million shares. At the highest price point, the total size of the issue will be approximately ₹220.50 crore.
Denta Water, an experienced entity in water engineering, procurement, and construction (EPC) services, plans to use the proceeds from its fresh issue for working capital needs totaling ₹150 crore. Out of this amount, ₹50 crore will be allocated for the current financial year, while the remaining ₹100 crore will be allocated for the following financial year.
Denta Water Share Price Live Updates: Check out Shivani Nyati, Head of Wealth at Swastika Investmart Ltd views
The Denta Water and Infra Solutions Limited IPO is generating significant investor interest, with a strong subscription of 221 times and a good grey market premium (GMP) of 30%. Given the financial performance and the potential risks, this IPO may consider for lisitng gains as well as the long-term investment horizon.
Denta Water Share Price Live Updates: Here’s what GMP hints ahead of listing
Denta Water IPO GMP today or Denta Water IPO grey market premium is +73. This indicates Denta Water share price was trading at a premium of ₹73 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Denta Water share price was indicated at ₹367 apiece, which is 24.83% higher than the IPO price of ₹294.
Grey market activity over the past 13 sessions indicates that the current GMP ( ₹73) is trending lower. According to experts on investorgain.com, the lowest GMP is ₹45, and the maximum is ₹165.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
