Denta Water IPO - Day 3 Subscription at 71.98 Times

resr 5paisa Research Team

Last Updated: 24th January 2025 - 12:51 pm

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Denta Water's initial public offering (IPO) has demonstrated exceptional investor interest over its three-day subscription period. The IPO showed remarkable growth in demand, progressing from 17.29 times on day one, accelerating to 50.90 times on day two, and ultimately achieving an outstanding 71.98 times by 10:54:09 AM on the final day.

The Denta Water IPO Non-Institutional Investors segment has shown particularly strong enthusiasm, with large NIIs reaching 199.63 times subscription and small NIIs achieving 186.19 times. Retail investors maintained robust participation at 54.43 times, while Qualified Institutional Buyers significantly increased their participation to 10.32 times.

Subscription Status of Denta Water IPO:

Date QIB NII  Retail Total
Day 1 (Jan 22) 1.67 36.4 18.02 17.29
Day 2 (Jan 23) 4.75 128.68 43.94 50.90
Day 3 (Jan 24)* 10.32 199.63 54.43 71.98

*As of 10:54:09AM

Here are the subscription details for Denta Water IPO as of Day 3 (24th January 2025, 10:54:09 AM):

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (Rs Cr.)
Anchor Investors 1.00 22,50,000 22,50,000 66.15
Qualified Institutions 10.32 15,00,000 1,54,86,950 455.32
Non-Institutional Buyers 195.15 11,25,000 21,95,43,100 6,454.57
- bNII (bids above ₹10L) 199.63 7,50,000 14,97,21,550 4,401.81
- sNII (bids below ₹10L) 186.19 3,75,000 6,98,21,550 2,052.75
Retail Investors 54.43 26,25,000 14,28,68,350 4,200.33
Total 71.98 52,50,000 37,78,98,400 11,110.21

 

Note:
 

"Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
The portions of anchor investors and market maker are not included in the total shares offered.

Denta Water IPO - Day 3 Subscription

Key Highlights:

 

  • Overall subscription reached exceptional 71.98 times on the final day
  • Non-Institutional Investors demonstrated remarkable interest with large NIIs at 199.63 times
  • Small NIIs maintained strong momentum at 186.19 times
  • Retail investors showed substantial participation at 54.43 times
  • QIB portion significantly improved to 10.32 times
  • Total bids worth ₹11,110.21 crores received
  • Applications reached 26,64,574 showing tremendous investor interest
  • Final day demonstrating overwhelming demand
  • All categories achieving significant oversubscription
     

Denta Water IPO - Day 2 Subscription at 50.90 Times

Key Highlights:

 

  • Overall subscription grew dramatically to 50.90 times
  • Large NIIs showed strong momentum reaching 124.72 times
  • Small NIIs achieved impressive 136.59 times
  • Retail investors increased significantly to 43.94 times
  • QIB portion improved to 4.75 times
  • Day two witnessed accelerated growth
  • Market response indicating strong confidence
  • Subscription trend showing robust momentum
  • All segments demonstrating substantial progress

 

Denta Water IPO - Day 1 Subscription at 17.29 Times

Key Highlights:

 

  • Overall subscription opened strongly at 17.29 times
  • Small NIIs began impressively at 42.61 times
  • Large NIIs started robustly at 33.29 times
  • Retail investors showed solid interest at 18.02 times
  • QIB portion began well at 1.67 times
  • Opening day demonstrated exceptional response
  • Market confidence evident across categories
  • Initial momentum indicating strong demand
  • Day one subscription surpassing expectations

 

About Denta Water and Infra Solutions Limited

Incorporated in 2016, Denta Water and Infra Solutions Limited has established itself as a specialized water and infrastructure solutions provider, with particular expertise in groundwater recharge projects. The company's comprehensive approach encompasses the entire project lifecycle, from initial design to commissioning of water management infrastructure projects.

Their operations span several key areas:

  • Water Engineering and EPC Services: Specializing in infrastructure projects focusing on groundwater recharging through recycled water
  • Project Development: Successfully executing major projects including Byrapura, Hiremagaluru LIS, and KC Valley
  • Diversified Portfolio: Operating a 98-acre agricultural property in Madikeri producing coffee, pepper, and cardamom, plus a beach resort in Udupi

As of November 30, 2024, the company has successfully completed 32 water management projects, with 11 as the main contractor, 1 in joint venture, and 20 as a sub-contractor. Their expertise extends across various aspects of water management, from preliminary investigations to complete turnkey project execution.

Their financial performance demonstrates strong growth, with revenue of ₹98.51 crores and profit after tax of ₹24.20 crores for the period ended September 30, 2024. The company maintains a workforce of 89 permanent employees and has built an impressive order book worth over ₹752 crores.
 

Highlights of the Denta Water IPO:

  • IPO type: Book Built Issue IPO
  • IPO size: ₹220.50 crores
  • Fresh Issue: 75.00 lakh shares
  • Face value: ₹10 per share
  • Price band: ₹279 to ₹294 per share
  • Lot size: 50 shares
  • Minimum investment for retail investors: ₹14,700
  • Minimum investment for small NII: ₹2,05,800 (14 lots)
  • Minimum investment for big NII: ₹10,14,300 (69 lots)
  • Anchor portion: 22,50,000 shares
  • Listing at: BSE, NSE
  • IPO opens: 22nd January 2025
  • IPO closes: 24th January 2025
  • Allotment date: 27th January 2025
  • Refund initiation: 28th January 2025
  • Credit of shares: 28th January 2025
  • Listing date: 29th January 2025
  • Lead Manager: SMC Capitals Limited
  • Registrar: Integrated Registry Management Services Private Limited

 

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