Widely read:
Denta Water and Infrastructure Solutions IPO received bumper interest from Dalal Street, with the issue getting oversubscribed by 221 times at the end of bidding on day three. Investors placed bids for over 116 crore shares against 52.5 lakh shares available for subscription. The excess was led by non institutional investors, who bid for 57 crore shares against their reserved portion of 11 lakh; a subscription of 507 times! The qualified institutional buyers category was next, getting subscribed by 237 times. The retail investor portion also saw outsized interest, receiving a subscription of 90 times.
Denta Water and Infrastructure Solutions outlook: The water management infra company's order book is three times its FY24 revenue at Rs 752 crore, providing solid revenue visibility.
Its prospects are further backed by sectoral tailwinds including the rising government capex on water infrastructure and demand for water treatment driven by industrial expansion.
Denta Water and Infrastructure Solutions risks: The company operates in a highly competitive industry and its geographical revenue concentration (over 80 per cent limited to Karnataka) are key challenges.
To check the company's historical track record, valuation metrics and key financial ratios, visit our full analysis.
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Disclaimer: This content is for information only and should not be considered investment advice or a recommendation.
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