Denta Water IPO
Denta Water Limited, a prominent player in the water purification industry, has announced its Initial Public Offering (IPO) to raise ₹220.50 crores by issuing 7,500,000 equity shares with a face value of ₹10 each. The IPO is priced between ₹279 and ₹294 per share, opening for subscription on January 22, 2025, and closing on January 24, 2025.
Denta Water IPO
Denta Water - Company Overview
Established in 2010, Denta Water Limited specializes in providing advanced water purification solutions across India. The company offers a diverse range of products, including domestic and industrial water purifiers, leveraging cutting-edge technology to ensure safe and clean drinking water. Over the years, Denta Water has expanded its market presence, establishing a robust distribution network and a strong brand reputation.
Denta Water - IPO Details
Issue Size: 7,500,000 equity shares, aggregating up to ₹220.50 crores.
Price Band: ₹279 to ₹294 per share.
Face Value: ₹10 per share.
IPO Opening Date: January 22, 2025.
IPO Closing Date: January 24, 2025.
Allotment Date: January 27, 2025.
Subscription Details
As of the latest data, the Denta Water IPO has been subscribed 17.29 times. The retail category saw a subscription of 18.02 times, the Qualified Institutional Buyers (QIB) category 1.67 times, and the Non-Institutional Investors (NII) category 36.4 times.
Comparative Analysis
When compared to other recent IPOs, such as Quadrant Future Tek IPO, which opened on January 7, 2025, and Laxmi Dental IPO, which opened on January 13, 2025, Denta Water’s IPO has garnered significant attention, reflecting strong investor confidence in the company’s growth prospects.
Conclusion
Denta Water Limited’s IPO presents an opportunity for investors to participate in the growth of a company operating in the essential water purification sector. With a well-established market presence and a diverse product portfolio, the company is poised for future expansion. However, potential investors should consider the subscription data and analyst recommendations to make informed investment decisions.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice. Please consult with a financial advisor before making investment decisions. Investing in IPOs involves market risks; read all related documents carefully.
