Denta Water IPO booked over 221 times on Day 3, shares allotment on Monday; here’s how to check status online

Denta Water IPO closed with a bumper subscription on Friday, January 24, led by Non-Institutional Investors (NIIs). After the successful subscription, the company is expected to finalise the IPO share allotment status on Monday, January 27.

The ₹220.5-crore IPO comprised a fresh issue of 75 lakh equity shares, which opened for bidding on January 22. The mainboard IPO received bids for more than 116.29 crore shares against 52.5 lakh shares on offer, leading to an overall subscription of 221.52 times.

The IPO of the water management infrastructure services provider received bids for more than 23.71 crore shares in the retail category against 26.25 lakh shares on offer. The retail portion was booked 90.33 times. The NIIS applied for over 57.04 crore shares against 11.25 lakh shares set aside for them, leading to a subscription of 507.05 times in the category.

The Qualified Institutional Buyers (QIBs) applied for more than 35.54 crore shares against 15 lakh shares reserved for the segment. The QIBs booked their quota nearly 237 times.

Investors who participated in the bidding process can check the Denta Water IPO share allotment status on the websites of the NSE, BSE, and the issue registrar, Integrated Registry Management Services Pvt. Ltd.

How to check Denta Water IPO allotment on registrar’s website:

• Visit the issue registrar’s IPO allotment page at: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
• Click on IPO allotment status tab
• Select ‘IPO’ as the allotment option
• Choose Denta Water and Infra Solutions as the company name
• Enter any of these: Application number, PAN, Client ID
• Click on submit

Steps to check IPO allotment status on NSE

• Visit the NSE IPO allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select Equity & SME IPO bid details out of two options
• From the dropdown list for issue symbols, choose Denta Water and Infra Solutions
• Enter PAN and Application Number
• Click on the ‘Submit’ button

The investors can also check the IPO allotment status on the BSE website using PAN and application number details.

Denta Water IPO details

• Denta Water IPO comprises solely a fresh issue of 75 lakh equity shares.
• The IPO price band has been fixed at ₹279 to ₹294 per share
• The minimum lot size was 50 shares. The minimum bid size for the retail applicants was at least a single lot, amounting to an investment of ₹14,700.
• The company will initiate refunds and transfer of shares to the Demat accounts on January 28.
• Denta Water IPO listing date has been tentatively fixed as January 29.
• The stock will be listed on the NSE and BSE.

About Denta Water and use of IPO proceeds

Denta Water and Infra Solutions offers services related to water engineering, procurement, and construction (EPC). The company is primarily engaged in designing, installing, and commissioning water management infrastructure projects.

The company plans to allocate ₹150 crore from the IPO funds to meet the company’s working capital requirements in FY25 and FY26. A portion of the funds will also be used for general corporate purposes.

Denta Water key financials

Between FY22 and FY24, the company's revenue from operations rose at a CAGR of 41.2%, while net profit rose 24.8% during the same period. Meanwhile, the Indian water and wastewater treatment market is expected to grow at a CAGR of 6.2%, reaching $23.85 billion by 2033, up from $13.10 billion in 2023.

Key Performance Indicators