Denta Water Share Price Highlights: On NSE, Denta Water was listed at ₹341.25 on listing day, 16.07% higher than its IPO price of ₹294, and on the BSE, it was at ₹346.45, higher by 17.84%.
Denta Water’s share price floated on the stock exchange today but did not draw a warm welcome from the investors. On NSE, the share price of Denta Water opened at a premium of 10.5 percent at ₹ 325 per share to the issue price of ₹294. On BSE, Denta Water’s share price today opened at ₹330 per share, which is 12.24 percent higher than the issue price.
Denta Water and Infra Solutions Ltd was supposed to launch its equity shares in the Indian stock market today due to immense public demand for IPOs. The Denta Water and Infra IPO was open for bidding between January 22 to January 24. The IPO has thus closed, and Denta Water shares will be listed on both BSE and NSE today.
Denta Water Ltd and Infra Solution (India) IPO was subscribed more than 221.52 times on the last selling bid day. The institutional investors’ portion was subscribed 507.05 times, and the Qualified Institutional Buyers (QIBs) portion was subscribed 236.94 times out of the available offer. RII Retail Individual Investors’ subscription factor was at 90.33 times in their offering category.
Denta Water and Infra Solutions said on Tuesday that it has raised slightly more than ₹66 crore from anchor investors. The price band for the issue is fixed in the band of ₹ 279/-to ₹ 294/- per share.
The IPO is full of the fresh issue of 75 lakh equity shares at a price band of Rs 295 per share. The upper end of this is Rs 220.5 crore. Created in 2016, Denta Water and Infra Solutions Ltd has emerged as an important participant in the Water Industry, especially in EPC services.
Strategic Focus And Future Growth
Dental Water’s business model emphasizes an asset-light approach through joint ventures and development management strategies that enhance project execution while minimizing capital expenditure.
This strategy has resulted in a favorable debt-equity ratio of 0 for the first half of FY25, indicating strong financial health.