Denta Water and Infra Solutions Limited Secures ₹66.15 Crore from Anchor Investors
Denta Water and Infra Solutions Limited has raised ₹66.15 crore from anchor investors ahead of its public issue, as per a company filing on Tuesday, January 21. The water and infrastructure solutions company allocated 22.5 lakh equity shares to 10 anchor investors at ₹294 per share, with a face value of ₹10 each.
Anchor Investors
The anchor investor pool includes Abakkus Diversified Alpha Fund, Persistent Growth Fund, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhattisgarh Investments Ltd., Steptrade Revolution Fund, Mint Focused Growth Fund, Astorne Capital VCC, and Aarth AIF.
Notable allocations include:
- Abakkus Diversified Alpha Fund: 15.12%
- Persistent Growth Fund and Rajasthan Global Securities: 14.36%
Grey Market Premium (GMP) Insights
As of January 21, the grey market premium (GMP) for the IPO is ₹165 per share. With the upper price band at ₹294, the projected listing price is ₹459, reflecting a 56.12% premium. GMP provides a gauge of investor sentiment and demand for the IPO.
IPO Details
Denta Water and Infra Solutions specializes in water and infrastructure solutions, focusing on designing, installing, and commissioning water management projects, including expertise in groundwater recharge systems.
- IPO Subscription Period: January 22–January 24, 2025
- Allotment Date: January 27, 2025
- Listing Date: January 29, 2025
- Price Band: ₹279–₹294 per share
- Lot Size: 50 shares
Lead Managers
The book-running lead manager for the IPO is SMC Capitals Limited, with Integrated Registry Management Services Pvt. Ltd. handling registry services.
Investors and market watchers are keenly observing this IPO, especially given the robust demand reflected in its GMP and anchor investor participation.