Denta Water and Infra Solutions IPO
Denta Water and Infra Solutions Limited (DENTA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 January 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +85.0% (likely range +11% to +166%), day's high +98.2%, chance of a gain 92%. Actual: +10.5% at the open, +16.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 15,00,000 | 35,54,07,600 | 237x | |
| NII (HNI) total | 11,25,000 | 57,06,83,300 | 507x | |
| Big NII (above ₹10 lakh) | 7,50,000 | 41,73,70,050 | 556x | |
| Small NII (₹2-10 lakh) | 3,75,000 | 15,33,13,250 | 409x | |
| Retail | 26,25,000 | 23,77,27,200 | 90.6x | |
| Total | 52,50,000 | 1,16,38,18,100 | 222x |
Bids on NSE and BSE together, as published by NSE, as of 24 Jan 2025, 07:00 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Denta Water and Infra Solutions's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Indo Farm EquipmentJan 2025 | 242x | 504x | 105x | 230x | ₹260 Cr | +19.1% | +33.5% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| KRN Heat Exchanger and RefrigerationSep 2024 | 253x | 432x | 98.3x | 214x | ₹344 Cr | +118.2% | +133.4% |
| Stallion India FluorochemicalsJan 2025 | 173x | 422x | 96.9x | 188x | ₹199 Cr | +33.3% | +40.0% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SMC Capitals | 2 | +7.0% | 100% |
Offer documents (NSE)
Frequently asked
What is the Denta Water and Infra Solutions IPO price band and lot size? ₹279–294 per share, with a lot of 50 shares, so the smallest retail bid is ₹14,700.
How many times has it been subscribed? 222x overall: QIB 237x, NII 507x, retail 90.6x.
How did it list? It opened at ₹325, +10.5% against the issue price of ₹294, and closed its first day +16.1%.
