Denta Water and Infra Solutions had a strong market debut on January 29, 2025, listing at ₹325 on NSE, a 10.54% premium over its ₹294 issue price. On BSE, it opened at ₹330, reflecting a 12.24% gain from the IPO price.
Denta Water and Infra Solutions IPO saw overwhelming demand, closing with 221.54 times subscription after three days. It received bids for 116.31 crore shares against 52.5 lakh on offer. Retail investors subscribed 90.38 times, NIIs 507.07 times, and QIBs 236.94 times, reflecting strong investor interest.
Also Read: Stocks To Watch For Budget 2025
Denta Water and Infra Solutions Limited, established in 2016, specializes in designing and executing water infrastructure projects, including groundwater recharge and wastewater management. Known for projects like KC Valley, it also owns 98 acres in Karnataka for agricultural produce and operates a revenue-generating beach resort in Udupi.
Also Read: Best Sectors To Watch For Budget 2025
Denta Water and Infra Solutions Ltd aims to utilize ₹150 crore for working capital, enhancing profitability and growth. Remaining funds will support strategic initiatives, acquisitions, partnerships, and operational expenses, ensuring business expansion and efficiency.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.