Mumbai/New Delhi, January 17 (HS): The initial public offering (IPO) of water and infrastructure solutions company Denta Water and Infra Solutions Limited will open for investors on January 22, 2025. The company has fixed the price band for this at Rs 279-294 per share. Its shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange NSE on January 29.

The company said in a statement on Friday that the IPO of Denta Water and Infra Solutions Limited will open for subscription on January 22 and close on January 24, 2025. Anchor investors will be able to place bets in it on January 21. Denta Water and Infra Solutions said that in this issue with a face value of Rs 10, investors can bid for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter.

This IPO of Denta Water and Infra Solutions Limited is a completely new issue of 75 lakh equity shares, with no offer for sale. It is priced at Rs 220.5 crore at the upper end of the price band. The company will use the proceeds of Rs 150 crore from the new issue to meet working capital requirements and for general corporate purpose, subject to applicable laws.

It is worth mentioning that Denta Water and Infra Solutions Limited, established in 2016, has emerged as one of the major players in the field of water engineering, procurement and construction services. Denta Waters has completed 32 water management projects.

Hindusthan Samachar / Jun Sarkar