Denta Water Stock Market Listing Today: The stock market has started trending in the stock market from today, the stock market of Stocks of Denta Water and Infra Solutions Denta Water and Infrastructure in Water Management and Infrastructure Solutions has started in the stock market from today. Stock has made positive entry in the market. The stock of Danta Water was list on BSE at Rs 330, while the IPO price was Rs 294. In this sense, those who got allotment in the IPO have got 12 percent return on the listing. This IPO received a bumper subscription from investors. However, the premium in the gray market was steadily decreasing.
Denta Water: 222 times subscribed
The IPO of Denta Water received a strong subscription from the investors. The size of the IPO was Rs 220.50 crore and it received a bid of Rs 34,195.41 crore. The IPO overall has been subscribed around 221.54 times. In the IPO, 35 per cent of the retail investors were reserved and it has subscribed to a total of 90.38 times. The IPO had a 50% stake reserve for QIB, and it is full of 236.94. Whereas for NII, 15% stake reserve was kept in it and this overall is full 507.07 times.
GMP had decreased
Denta was trading at 27 per cent premium in the gray market just before the stock listing of Water and Infra Solutions. Whereas last week, it was 54 percent on Wednesday and 51 percent on Thursday and 46 percent on Friday and 41 percent on Monday this week and 27 percent on Tuesday.
Denta Water: The company’s key features
1. Since Experts in Water Management: Since incorrect, the company has completed 32 Water Management Infrastructure Projects for the Government of Karnataka. It has created its credibility as a water management solution provider. Particularly in the field of ground water recharge projects and lift irrigation.
2. In-House Experts: The company has an in-house design and engineering team that focuses on design capabilities for important aspects of geographical complications and projects.
3. Strong Order Book: By November 30, 2024, the company has 17 current projects, which are to be implemented by them or under the Consortium. The company’s share in the total contract value is Rs 1100.4 crore, out of which Rs 1066.7 crore is for water management projects.
(Source: Brokerage House SBI Securities)
Denta Water: What is Risk with the company
Revenue Construction from Government (63.4% in FY 2024 in FY 2023)
Delay in completion of projects
Pending lawsuits against promoter
(Source: Brokerage House SBI Securities)
(Disclaimer: It is not advisable to invest in stock, only informs about IPOs. There are risks in the market, so take the opinion of experts before investment)
