Denta Water IPO Anchor Allocation at 30%

resr 5paisa Research Team

Last Updated: 22nd January 2025 - 02:28 pm

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Denta Water IPO saw a significant anchor allocation response, with 30% of the total IPO size subscribed by anchor investors. Out of the 75,00,000 shares on offer, anchors picked up 22,50,000 shares, demonstrating strong market confidence. The anchor allocation details were reported to the stock exchanges on January 21, 2025, just ahead of the IPO opening on January 22, 2025.

The book-built issue of ₹220.50 crores is entirely a fresh issue of 75,00,000 shares. The price band is set at ₹279 to ₹294 per share, with a face value of ₹10 per share. This includes a share premium of ₹284 per share at the upper end of the price band.

The anchor allocation process, which took place on January 21, 2025, saw strong participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹294 per share, indicating robust demand and confidence in the company's prospects.
 

After the anchor allocation, the overall allocation of the Denta Water IPO looks as follows:

Category Shares Offered Allocation (%)
Anchor Investor 22,50,000 30.00%
Qualified Institutional Buyers (QIB) 15,00,000 20.00%
Non-Institutional Investors (NII) 11,25,000 15.00%
bNII (> ₹10L investment) 7,50,000 10.00%
sNII (< ₹10L investment) 3,75,000 5.00%
Retail Investors 26,25,000 35.00%
Total 75,00,000 100.00%

 

The lock-in period for anchor investors is an important aspect of the allocation. For Denta Water IPO, the lock-in details are as follows: 

  • Lock-in Period (50% Shares): February 26, 2025
  • Lock-in Period (Remaining Shares): April 27, 2025

 

This lock-in period ensures that anchor investors maintain their investments for a specified duration, stabilising the stock price after listing.
 

Anchor Investors in Denta Water IPO 

Anchor investors are typically large institutional investors allotted shares in an IPO before it opens to the public. The anchor allocation process is a crucial part of the IPO, as it helps in price discovery and builds confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and can influence the overall subscription levels.

On January 21, 2025, Denta Water IPO completed the bidding for its anchor allocation. There was a robust response as the anchor investors participated in the book-building process. A total of 22,50,000 shares were allotted to 10 anchor investors. The allocation was done at the upper IPO price band of ₹294 per share, resulting in an overall anchor allocation of ₹66.15 crore. The anchors have already absorbed 30% of the total issue size of ₹220.50 crore, indicating strong institutional demand.
 

Denta Water IPO Key Details:

  • IPO Size: ₹220.50 crores 
  • Shares Allocated to Anchors: 22,50,000 
  • Anchor Subscription Percentage: 30% 
  • Listing Date: January 29, 2025 
  • IPO Opening Date: January 22, 2025

 

About Denta Water and Infra Solutions Limited and How to Apply for Denta Water IPO 

Incorporated in 2016, Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company specialising in designing, installing, and commissioning water management infrastructure projects, with particular expertise in groundwater recharge projects. As of November 30, 2024, the company has executed 32 water management projects - 11 as the main contractor, 1 in a joint venture, and 20 as a sub-contractor. The company has successfully executed major projects like Byrapura, Hiremagaluru LIS, and KC Valley, contributing to Bengaluru's wastewater management. The company also owns 98 acres of land in Madikeri, Karnataka, producing coffee, pepper, and cardamom, and operates a beach resort in Udupi. As of November 30, 2024, the company had 89 permanent employees.

 

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