The IPO of Denta Water is going to open from Wednesday, January 22. This IPO will be available for subscription from 22 to 24 January. Even before the opening of the IPO, the company’s shares are performing well in the gray market, where they are trading at a premium of more than 55%.
IPO details
- Total Size: ₹220.50 crore
- Share Price: ₹294
- Gray Market Premium (GMP): ₹165
- Expected Listing Price: Around ₹459
- Share allotment date: 27 January 2025
- Listing date: 29 January 2025
Information for investors
- Retail Investors:
- Lots: Minimum of 1 lot (50 shares) and maximum of 13 lots.
- Investment for one lot: ₹14,700
Company Introduction
Denta Water, established in 2016, is a water and infrastructure solutions company. The company specializes in groundwater recharge projects and undertakes design, installation and commissioning of water management infrastructure projects. Additionally, the company owns 98 acres of land in Madikeri, Karnataka, where coffee, black pepper and cardamom are cultivated. The company also owns a beach resort in Udupi.
Opportunities for investors
Based on the gray market premium, investors who will be allotted shares in the IPO are expected to make gains of more than 55% on the listing day. Investors should take care to take advantage of this opportunity.
