Denta Water and Infra Solutions IPO has announced that its IPO will open for subscription on January 22 and close on January 24. The price band for the IPO is set between ₹279 and ₹294 per share.
The IPO involves a fresh issue of 75 lakh equity shares, amounting to ₹220.5 crore at the upper price band.
Investors can bid for 50 shares and in multiples of 50 shares thereafter.
The company intends to allocate ₹150 crore from the IPO proceeds for working capital needs, with the rest directed towards general corporate expenses.
Founded in 2016, Denta Water specialises in water Engineering, Procurement, and Construction (EPC) services.
SMC Capitals is the book-running lead manager for the IPO.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 19, 2025, 8:22 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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