Denta Water IPO Allotment Status:

 

Denta Water IPO Allotment Status: A Comprehensive Guide

Denta Water, formally known as "Denta Water and Infra Solutions Limited", is a company specializing in designing, installing, and commissioning water management infrastructure projects, with a strong focus on groundwater recharge and recycled water systems, primarily operating in the Indian market; established in 2016, they are a key player in the water engineering, procurement, and construction (EPC) services sector, actively contributing to initiatives like the government's Jal Jeevan Mission by providing water access to rural areas;

Key Dates for the Denta Water IPO

Before diving into the allotment process, it is important to be aware of the critical dates related to the IPO:

• Open Date: January 22, 2025.
• Close Date: January 24, 2025.
• Basis of Allotment: January 27, 2025.
• Initiation of Refunds: January 28, 2025.

Being aware of these dates ensures that investors can track their application status and make timely decisions post-allotment.

How to Check Denta Water IPO Allotment Status

Investors can check the status of their IPO allotment both online and offline. Below are the methods available:

Online Methods

• Through the Registrar's Website, the Denta Water IPO registrar, [Insert Registrar Name],   facilitates the allotment process and provides an online platform for checking allotment status.           

 Follow these steps:

• Visit the registrar’s official website: [Insert URL].
• Navigate to the IPO allotment status page.
• Select “Denta Water IPO” from the dropdown menu.
• Enter the required details:            
• PAN (Permanent Account Number)            
• Application ID
• Demat Account Number/Client ID

• Click “Submit” to view the allotment status.
• Through the Stock Exchange Website Investors can also check the allotment status on the websites of the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE):

• Visit the IPO allotment status page of NSE ([Insert URL]) or BSE ([Insert URL]).
• Enter details such as:
• Issue Name (Denta Water IPO)
• PAN
• Application ID
• Click “Search” to access the status.

Offline Methods

1. Contacting the Broker Investors who applied for the IPO through a broker can directly contact them to inquire about their allotment status. Brokers usually receive updates about the allotment and can assist in providing the necessary information.
2. Demat Account Statement Once shares are credited to the demat account, the allotment status can be verified by checking the Demat account statement, either online through the depository’s portal or via a mobile application.

Reasons for Non-Allotment

Investors may not receive an allotment due to various reasons. Understanding these factors can help manage expectations:

1. Oversubscription of the IPO If the IPO is heavily oversubscribed, the allotment is based on a lottery system, and not all applicants will receive shares.
2. Incomplete Application Applications with errors, such as incorrect PAN details or missing documents, are often rejected.
3. Multiple Applications SEBI guidelines prohibit multiple applications by the same individual using the same PAN. Violating this rule can result in disqualification.
4. Insufficient Funds If the application amount is not fully blocked in the bank account due to insufficient funds, the application may be rejected.

Tips for Increasing Chances of Allotment

While IPO allotments are not guaranteed, investors can follow these tips to improve their chances:

1. Apply Early Applying early during the IPO period reduces the risk of technical glitches or issues at the last minute.
2. Bid at the Cut-Off Price Selecting the cut-off price ensures that the application is eligible for consideration across all price bands.
3. Avoid Multiple Applications Submit only one application per PAN to comply with SEBI guidelines and avoid disqualification.
4. Use Multiple Demat Accounts Family members with separate PANs can apply through their demat accounts, increasing the chances of allotment for the household.

Overview of Denta Water’s Business Profile

Denta Water has executed projects in Bengaluru and owns land in Karnataka for agricultural production. The company provides various water management services and has completed 32 projects since November 30, 2024. It also undertakes construction projects on railways and highways, Here are the company's details:

• Founded: 2016
• Headquarters: # 40, 3rd Floor, Sri Lakshminarayana Mansion, South End Road, Basavanagudi, Bengaluru, Karnataka, India.
• Core Business: designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.
• USP: At Denta, we're more than contractors. We craft quality infrastructure, driven by values, innovation, and a commitment to a better future.

The Denta Water and Infra Solutions IPO aimed to raise ₹220.50 crore by selling 75 lakh fresh equity shares. The company plans to use the funds for working capital and general corporate purposes. Here are the subscription details:

• Qualified Institutional Buyers (QIBs): subscribed 236.94 times.
• Non-Institutional Investors (NIIs): subscribed 507.27 times.
• Retail Individual Investors (RIIs): subscribed 90.56 times.

The oversubscription in the retail and institutional categories underscores the strong investor interest in the company.

Market Prospects

Shares of Denta Water are scheduled to be listed on the BSE and NSE on Wednesday, January 29, 2025. If current grey market trends are sustained, Denta Water shares may list at around Rs 414 apiece, yielding a return of approximately 41 percent over the upper band of the issue price.

Conclusion

Denta Water is a good investment opportunity for those looking to invest in India's water infrastructure sector.

• The company's strong financials and growth strategy make it a good choice for investors.
• However, investors should consider the risks of government dependency and project execution challenges.
• Investors should conduct thorough research before making an investment decision.