More than 50 Percent GMP IPO will be open on 22nd Jan
By Sharawan Rawat January, 19 2025 09:20 AMA growing water and infrastructure solutions company want to sale share in public, retail investor can participate by minimum amount of ₹14,700 with 1 lot(50 share) bid, whereas Small Non-Institutional Investors (sNII) need a minimum of 14 lots (700 shares), amounting to ₹2,05,800,
while large Non-Institutional Investors (bNII) must apply for 69 lots (3,450 shares), amounting to ₹10,14,300. The price band for the IPO is ₹279 to ₹294 per share with ₹10 per share face value.
Denta Water IPO is raising ₹220.50 crore through a fresh issue of 0.75 crore shares.
Key points:
- Company has reduced debt.
- Company is almost debt free.
- Company’s working capital requirements have reduced from 60.6 days to 37.3 days
- Market Cap₹ 785 Cr.
Denta Water is one of the few companies with incredible expertise in groundwater recharge projects, the company is involved in the design, installation, and commissioning of water infrastructure projects.
| IPO Open Date | Wednesday, January 22, 2025 |
| IPO Close Date | Friday, January 24, 2025 |
| Basis of Allotment | Monday, January 27, 2025 |
| Initiation of Refunds | Tuesday, January 28, 2025 |
| Credit of Shares to Demat | Tuesday, January 28, 2025 |
| Listing Date | Wednesday, January 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2025 |
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