Denta Water and Infra IPO price band: The Denta Water and Infra Solution Limited IPO price band has been fixed in the range of ₹279 to ₹294 per equity share of the face value of ₹10. The Denta Water and Infra IPO date of subscription is scheduled for Wednesday, January 22, and will close on Friday, January 24. The allocation to anchor investors for the Denta Water and Infra IPO is scheduled to take place on Tuesday, January 21.
The floor price and the cap price are 27.90 times and 29.40 times the face value of the equity shares respectively. The price to earnings ratio based on diluted EPS for fiscal 2024 at the lower end of the price band is 8.97 times and at the upper end of the price band is 9.45 times. The Denta Water and Infra IPO lot size is 50 equity shares and in multiples of 50 equity shares thereafter.
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.
Tentatively, Denta Water and Infra IPO basis of allotment of shares will be finalised on Monday, January 27, and the company will initiate refunds on Tuesday, January 28, while the shares will be credited to the demat account of allottees on the same day following refund. Denta Water and Infra share price is likely to be listed on BSE and NSE on Wednesday, January 29.
Denta Water and Infra Solutions Limited is an emerging company focused on providing water and infrastructure solutions, specializing in the design, installation, and commissioning of water management infrastructure projects with a strong emphasis on groundwater recharge initiatives.
The firm possesses extensive experience in water engineering and offers EPC services, focusing on infrastructure projects such as groundwater recharge using recycled water, to meet the increasing demands for water solutions. The company has successfully completed significant projects like Byrapura, Hiremagaluru LIS, and KC Valley, enhancing Bengaluru's wastewater management efforts and supporting the Government's Jal Jeevan Mission.
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).
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.
Smc Capitals Limited acts as the book running lead manager for the Denta Water IPO, and Integrated Registry Management Services Private Limited serves as the registrar for the offering.
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