IPO

Balaji Phosphates Limited is set to launch its IPO, attracting attention from investors looking to tap into the growing fertilizer industry. The company, known for its phosphate-based fertilizers and soil enhancement products, has established a strong presence in multiple states. Here’s a complete breakdown of the IPO details, allocation structure, company financials, and SWOT analysis to help you make an informed decision.

IPO Details

Balaji Phosphates IPO is a book-built issue worth ₹50.11 crores. The IPO comprises a fresh issue of 59.40 lakh shares aggregating ₹41.58 crores and an offer for sale (OFS) of 12.18 lakh shares amounting to ₹8.53 crores. The IPO opens for subscription on February 28, 2025, and closes on March 4, 2025. The allotment is expected to be finalized on March 5, 2025, with the company listing on NSE SME on March 7, 2025.

The IPO price band is set at ₹66 to ₹70 per share. Investors must bid for a minimum of 2000 shares, requiring a minimum investment of ₹1,32,000. Given the potential for oversubscription, bidding at the cutoff price is recommended, amounting to approximately ₹1,40,000. High Net-worth Individuals (HNIs) must invest in at least 2 lots (4,000 shares), requiring an investment of ₹2,80,000.

Allocation of Shares

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below summarizes the minimum and maximum investment requirements:

Grey Market Premium (GMP)

As of February 27, 2025, the Balaji Phosphates SME IPO showed no Grey Market Premium (GMP), suggesting a projected listing price of ₹70, matching the issue price and no anticipated gain or loss.

Objectives of the IPO

The net proceeds from the IPO will be utilized for the following purposes:

• Meeting capital expenditure requirements.
• Funding the company’s working capital requirements.
• General corporate purposes.

Company Overview

Incorporated in 1996, Balaji Phosphates Limited manufactures and supplies phosphate-based fertilizers such as Single Super Phosphate (SSP), NPK Granulated and Mixed Fertilizers, and Zinc Sulphate. These fertilizers comply with India’s Fertilizer Control Order (FCO) standards and are sold to wholesalers, retailers, cooperatives, and farmers under the brands ‘RATNAM’ and ‘BPPL’.

The company’s manufacturing facility is located in Dewas, Madhya Pradesh. As of March 31, 2024, the unit had a manufacturing capacity of 120,000 MT per year for SSP, 3,300 MT for Zinc Sulphate, and 49,500 MT for NPK Granulated & Mix. The company primarily operates in Madhya Pradesh, Chhattisgarh, Maharashtra, Andhra Pradesh, and Telangana.

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Financial Strength

Balaji Phosphates Limited has maintained stable financial growth over recent years. As of August 31, 2024, the company had total assets worth ₹95.28 crore, compared to ₹88.48 crore in March 2024 and ₹96.83 crore in March 2023.

The company recorded revenue of ₹54.85 crore for the five months ending August 2024, while revenue for March 2024 stood at ₹151.68 crore. Revenue in March 2023 was ₹144.64 crore, and in March 2022, it was ₹124.12 crore. The profit after tax (PAT) for August 2024 stood at ₹4.15 crore, compared to ₹6.04 crore in March 2024, ₹6.09 crore in March 2023, and ₹3.19 crore in March 2022.

The company’s net worth has grown, increasing to ₹39.15 crore as of August 2024 from ₹35 crore in March 2024 and ₹28.97 crore in March 2023. Reserves and surplus have grown to ₹21.31 crore in August 2024 from ₹17.17 crore in March 2024. Total borrowings have increased to ₹35.58 crore in August 2024 from ₹33.22 crore in March 2024, reflecting ongoing financial leverage for business expansion.

SWOT Analysis

Conclusion

Balaji Phosphates Limited has built a strong foothold in the agricultural sector with phosphate-based fertilizers and soil enhancement products. The company’s stable revenue growth, expanding market presence, and established brand reputation make it a noteworthy SME IPO. However, before deciding, potential investors should consider industry challenges, raw material dependencies, and market competition. With the IPO listing scheduled for March 7, 2025, on NSE SME, investors will closely watch the stock’s debut performance. Whether you are a retail investor or an HNI, understanding the company’s fundamentals and the IPO structure is crucial before subscribing.

OTHER IPO RESOURCES: IPO | Current IPO | Upcoming IPO | Listed IPO

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

India’s IPO market has witnessed significant expansion in recent years, outpacing several developed markets in terms of capital raised. In FY25 alone, over 75 companies debuted on the exchanges, with nearly 50 still trading above their IPO price. Even amid the broader market slump of the past four months, IPOs have remained a profitable investment avenue, with two-thirds of the newly listed stocks holding above their issue price.

Against this backdrop, three new entrants—Hexaware Technologies, P S Raj Steels, and Voler Car—made their market debut. Let’s look at the listing highlights for the three companies.

Hexaware Technologies Limited:

Hexaware Technologies is a digital and technology services company specializing in Artificial Intelligence (AI)-driven solutions. It provides services across six industries: Financial Services, Healthcare & Insurance, Manufacturing & Consumer, and Travel & Transportation. Hexaware supports clients in digital transformation, automation, and cloud adoption with 39 global delivery centers and AI-powered platforms like RapidX, Tensai, and Amaze. 

Hexaware Technologies IPO Details

The company launched its IPO, valued at approximately Rs 8,750 crore, through an Offer for Sale (OFS). Despite subdued investor demand, with an overall subscription of 2.66 times, the IPO saw strong interest from Qualified Institutional Buyers (QIBs), who oversubscribed their quota by 9.09 times.

Before listing, the stock traded flat in the grey market at Rs 708. On February 19, 2025, Hexaware debuted at Rs 745.50 on the NSE, a 5.3% premium over the issue price, and Rs 731 on the BSE, reflecting a 3.25% premium. The listing was lackluster, but it performed slightly better than grey market expectations.

PS Raj Steels Limited:

P S Raj Steels Limited, incorporated in 2004, manufactures and supplies stainless steel pipes and tubes in India. The company offers over 250 standard product sizes along with customization options. In FY24, manufacturing contributed 70% to its revenue, while trading accounted for 30%. It entered a co-branding agreement with Jindal Stainless Limited (JSL) in April 2024, allowing it to market products under the Jindal Saathi brand.

PS Raj Steels Limited IPO Details

The company launched its SME IPO, raising Rs.28.28 crore, with a subscription of 9.89 times. Despite strong investor demand, the Grey Market Premium (GMP) indicated a flat listing.

On 19th February 2025, P S Raj Steels debuted on the NSE SME platform at Rs.145, a 3.57% premium over its issue price of Rs.140. The stock quickly hit a high of Rs.147.90, with 5.76 lakh shares traded and a market capitalization of Rs.109.31 crore. Early investors saw nominal listing gains of Rs.5,000 per lot.

Voler Car Limited:

Voler Cars Limited, incorporated in 2010, provides employee transportation services (ETS) to multinational corporations (MNCs) and corporate clients. Operating across Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, the company manages over 884 daily trips with a fleet of more than 2,500 vehicles, including electric vehicles, tempo travelers, and buses. It integrates GPS tracking and third-party technology for efficient travel management.

Voler Car Limited IPO Details

The company launched its IPO to raise funds for working capital, general corporate purposes, and issue expenses. The public offering saw strong demand, with an overall subscription of 13.62 times, including 13.94 times by retail investors and 18.56 times by NIIs.

Despite a positive response, Voler Cars debuted on the NSE at Rs.90 per share, reflecting a flat listing with no premium over its issue price. The grey market premium (GMP) last stood at Rs.5 before listing.

The listing performance of Hexaware Technologies, P S Raj Steels, and Voler Cars highlights the mixed sentiment prevailing in the IPO market. While Hexaware Technologies managed a modest premium over its issue price, P S Raj Steels and Voler Cars saw flat-to-marginal gains despite strong subscription figures.

The subdued grey market trends were reflected in the listings, suggesting cautious investor sentiment amid broader market uncertainties. However, the strong demand for these IPOs, particularly in the SME segment, underscores sustained investor interest in new listings. As we advance, post-listing performance and sectoral tailwinds will determine whether these stocks can build momentum beyond their debut day.

Know more about:
IPOs | Current IPOs | Upcoming IPOs | Listed IPOs | Closed IPOs | IPO Performers

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

The upcoming week promises to be action-packed for the stock market, with two SME IPOs and nine market listings set to make waves. HP Telecom India Limited aims to raise ₹34.23 crore, while Beezaasan Explotech Limited seeks ₹59.93 crore through their respective IPOs. In addition to these fresh issues, investors can look forward to the listing of nine companies, including Ajax Engineering and Hexaware Technologies, making it a crucial week filled with opportunities and market movements. Here’s a complete breakdown of what to expect and how to stay ahead in this bustling market scenario.

HP Telecom India IPO Details

HP Telecom India IPO is a fixed price issue of Rs 34.23 crores. This issue consists entirely of a fresh issue of 31.69 lakh shares. The subscription will open on February 20, 2025, and close on February 24, 2025. The allotment is expected to be finalized on February 25, 2025, and the shares will be listed on NSE SME on February 28, 2025. 

The minimum application lot size is 1,200 shares, requiring a minimum investment of ₹1,29,600 for retail investors. High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (2,400 shares), amounting to ₹2,59,200.

Objectives of the IPO

• Funding the company’s working capital requirements.
• General corporate purposes.

Company Overview

Founded in March 2011, HP Telecom India Limited started as a distributor of mobile phones and accessories. The company expanded its operations in 2014-15, securing exclusive distribution rights for Sony products in Gujarat. It is the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat.

Financial Strength

HP Telecom India Limited’s revenue for the half-year ending September 2024 stood at ₹594.19 crore, down from ₹1,079.77 crore in March 2024 but higher than ₹638.47 crore in March 2023 and ₹292.55 crore in March 2022. The company reported a PAT of ₹5.24 crore as of September 2024, compared to ₹8.6 crore in March 2024, ₹6.35 crore in March 2023, and ₹2.13 crore in March 2022. 

SWOT Analysis of HP Telecom India 

Beezaasan Explotech Limited IPO Details

Beezaasan Explotech IPO is a book-built issue amounting to Rs 59.93 crores. The entire issue consists of a fresh issuance of 34.25 lakh shares. The IPO opens for subscription on February 21, 2025, and closes on February 25, 2025. The allotment is expected to be finalized on February 27, 2025, and the shares will be listed on the BSE SME platform on March 3, 2025.

Objectives of the IPO

• Funding the company’s working capital requirements.
• General corporate purposes.

Company Overview

Incorporated in August 2013, Beezaasan Explotech Limited manufactures and supplies explosives and explosive accessories, including slurry, emulsion, and detonating explosives. It serves the cement, mining, and defense industries. The company’s manufacturing facility in Gujarat is certified with ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, and ISO 45001:2018 for Occupational Health and Safety.

Financial Strength

Beezaasan Explotech Limited has demonstrated steady financial growth over the past few years. The company recorded revenue of ₹101.44 crore for the half-year ending September 2024, lower than ₹187.9 crore in March 2024 and ₹229.17 crore in March 2023 but higher than ₹141.91 crore in March 2022. Profit after tax (PAT) surged to ₹8.33 crore as of September 2024, nearly double the ₹4.87 crore reported in March 2024 and significantly higher than ₹2.94 crore in March 2023 and ₹2.74 crore in March 2022. 

SWOT Analysis of Beezaasan Explotech Limited 

Listings this week

Several companies will list on various stock exchanges in the coming days. Ajax Engineering, Hexaware Technologies, and Chandan Healthcare will debut on February 17, 2025, on the NSE and BSE, while Maxvolt Energy, Voler Car, and PS Raj Steels are slated for listing on February 17 and 19, 2025, on the NSE SME. Shanmuga Hospital will list on BSE SME on February 20, 2025, followed by L.K. Mehta Polymers and Royalarc Electrodes, both on February 21, 2025, on BSE SME and NSE SME, respectively.

Conclusion

This week is shaping up to be significant for the stock market, with two SME IPOs and multiple company listings across various exchanges. Investors can expect a bustling atmosphere with fresh opportunities from HP Telecom India and Beezaasan Explotech and the debut of companies like Ajax Engineering and Hexaware Technologies. With new ventures and exciting market movements on the horizon, staying informed and prepared will be key to navigating this dynamic week.

Know more about:
IPOs | Current IPOs | Upcoming IPOs | Listed IPOs | Closed IPOs | IPO Performers

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Hexaware Technologies Ltd is set to enter the stock market with its much-anticipated ₹8,750 crore initial public offering (IPO). Backed by private equity giant Carlyle Group, this IPO isn’t just another public issue—it’s the biggest offering in India’s IT services sector since Tata Consultancy Services’ ₹4,700 crore IPO over two decades ago.

The excitement is already building, with shares trading at a premium in the grey market, signaling strong investor interest. With a solid track record and a growing global presence, Hexaware’s IPO is one to watch. Let’s look into the details and see what it has to offer.

IPO Details 

The issue is entirely an offer for the sale of 12.36 crore shares. The IPO of Hexaware Technologies will open for public subscription on Wednesday, February 12, and conclude on Friday, February 14. 

The bidding for anchor investors will open for a day on Tuesday, February 11, as per the company’s announcement. The company has been valued at over Rs 43,000 crore at the upper end of the price band. The initial share sale of the Mumbai-headquartered company is a complete Offer-for-Sale (OFS) of Rs 8,750 crore by promoter CA Magnum Holdings, part of Carlyle Group. The minimum lot size for an application is 21 shares. 

Allocation of Shares

Investors can bid for a minimum of 21 shares and in multiples thereafter. Below are the investment requirements for different categories: 

• 50% of the issue size is reserved for Qualified Institutional Buyers (QIBs).
• 35% is reserved for Retail Investors.
• 15% is reserved for Non-Institutional Investors (HNIs).

GMP (Grey Market Premium) Update

In the grey market, Hexaware Technologies’ shares are trading at a premium of ₹11. Given the IPO price band of ₹708, the expected listing price is ₹719, reflecting a potential 1.55% gain. GMP fluctuations indicate investor sentiment but do not guarantee actual listing performance.

Company Overview

Hexaware Technologies is a global digital and technology services company with artificial intelligence (AI) at its core. It serves a diverse range of customers, including 31 Fortune 500 organizations, spanning the Americas, Europe, and Asia-Pacific (including India and the Middle East). 

The company operates through six business segments: financial services, healthcare and insurance, manufacturing and consumer, hi-tech and professional services, banking, travel, and transportation. Its IT service offerings cover five broad areas: Design and build, Secure and run, Data and AI, Optimize, and Cloud Services. The company delivers services through AI-enabled digital platforms, such as Rapid for digital transformation, Tensai for AI-powered automation, and Amaze for cloud adoption.

Hexaware’s previous promoter, Baring Private Equity Asia, delisted the company in 2020. Nearly a year after the delisting, Carlyle Group acquired Baring Private Equity Asia’s stake in October 2021. For the nine months ended September 2024, the company’s net profit stood at Rs 853.3 crore, with revenues at Rs 8,820 crore. The company has reserved half of the issue size for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

Financial Strength

Hexaware Technologies Limited has shown consistent financial growth, increasing assets, revenue, and profitability. As of September 30, 2024, the company’s total assets stood at ₹8,594.2 crore, significantly rising from ₹7,202.1 crore in December 2023 and ₹5,673.5 crore in December 2021.

Revenue has also seen a steady increase, reaching ₹8,871.3 crore for the first nine months of 2024, following ₹10,389.1 crore in FY23, ₹9,378.8 crore in FY22, and ₹7,244.6 crore in FY21. The company’s profit after tax (PAT) stood at ₹853.3 crore as of September 2024, compared to ₹997.6 crore in FY23 and ₹884.2 crore in FY22, reflecting stable profitability. The company has demonstrated strong financial health and consistent expansion, positioning itself well for future growth.

SWOT Analysis

Conclusion

In conclusion, Hexaware Technologies’ ₹8,750 crore IPO represents a significant milestone in India’s IT services sector. With a strong financial track record, cutting-edge AI-driven services, and a broad global presence, Hexaware may be poised for promising growth in the rapidly evolving tech landscape.

However, potential investors must consider the risks, including reliance on large clients and the competitive nature of the industry. Despite these challenges, the IPO’s strong grey market premium and strategic positioning suggest that Hexaware’s public debut is one to watch closely. As the company continues to innovate and expand, its IPO could be a key opportunity for investors seeking exposure to the booming IT services sector.

Other IPO Resources: IPO | Current IPO | Upcoming IPO | Listed IPO

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

The Indian construction industry is booming, and the demand for advanced concrete equipment is rising. Ajax Engineering Limited, one of India’s leading concrete equipment manufacturers, is now set to launch its ₹1,269 crore Initial Public Offering (IPO). Backed by Kedaara Capital, the IPO will open for public subscription from February 10 to 12, 2025, offering investors an opportunity to be part of a well-established player in the sector. However, since this IPO is a pure Offer for Sale (OFS), the company will not receive any proceeds, as existing investors and promoters will sell their stakes.

Before making an investment decision, it’s crucial to analyze the IPO details, Grey Market Premium (GMP), financial performance, and the company’s strengths, weaknesses, opportunities, and threats (SWOT analysis). Let’s break it down to help you understand whether this IPO is worth considering.

IPO Details

The minimum lot size for investors is 23 shares, requiring an investment of ₹14,467. Retail investors can apply for a maximum of 13 lots (299 shares), which amounts to ₹1,88,071. Small High Net Worth Individuals (sHNII) need to bid for at least 14 lots (322 shares), totaling ₹2,02,538, while Big High Net Worth Individuals (bHNII) must apply for at least 70 lots (1,610 shares), amounting to ₹10,12,690. The IPO will also see anchor investors bidding on February 7, 2025. The allotment for this IPO is expected to be finalized on February 13, 2025.

Allocation of Shares

Investors can bid for a minimum of 23 shares and in multiples thereof. Here’s a breakdown of the investment requirements:

Objectives of the IPO

Since this is an Offer for Sale (OFS), the company will not receive any proceeds from the IPO. Instead, the funds raised will go to Kedaara Capital and other selling shareholders. After deducting IPO-related expenses and applicable taxes, each selling shareholder will receive their respective portion of the proceeds.

Grey Market Premium (GMP):

As of February 7, 2025, the Grey Market Premium (GMP) for Ajax Engineering’s IPO stands at ₹57. With the upper price band at ₹629 per share, the estimated listing price is ₹686, indicating a potential gain of 9.06% per share. The GMP indicates market demand, but it’s essential to conduct a thorough analysis before making investment decisions.

Company Overview:

Ajax Engineering is a top player in India’s concrete equipment sector. According to the Redseer Report, the company has developed over 141 variants of concrete equipment, catering to various needs in the concrete application value chain. Over the last decade, Ajax Engineering has sold more than 29,800 concrete equipment units nationwide.

The Indian concreting equipment market remains fragmented and informal, with a mix of manual and mechanized solutions. However, India’s share of mechanized concreting equipment has grown from 16% in FY 2019 to 25% in FY 2024 (excluding manual mixers), reflecting increasing adoption. As of September 30, 2024, Ajax Engineering operates four manufacturing facilities in Karnataka, specifically in Obadenahalli, Gowribidanur, and Bashettihalli. Each facility focuses on different product categories, particularly Obadenahalli, which specializes in advanced equipment.

The company has also built a loyal and expanding customer base, growing from 11,100 customers in 2022 to 12,100 in 2023, 15,700 in March 2024, and now over 19,000 customers as of September 2024. This strong customer network contributes to repeat business and sustained revenue growth.

Financial Strength

As of September 30, 2024, Ajax Engineering Limited reported total assets of ₹1,348.76 crore, reflecting steady growth from ₹1,236.14 crore in March 2024, ₹966.73 crore in March 2023, and ₹735.31 crore in March 2022. The company’s revenue for the first half of FY25 (April–September 2024) stood at ₹769.98 crore, following a strong ₹1,741.40 crore revenue in FY24, compared to ₹1,151.12 crore in FY23 and ₹763.28 crore in FY22.

Ajax Engineering’s profit after tax (PAT) has shown consistent growth, reaching ₹101.02 crore as of September 2024, following ₹225.15 crore in FY24, ₹135.9 crore in FY23, and ₹66.21 crore in FY22. The company’s net worth increased to ₹995.84 crore as of September 2024, up from ₹917.96 crore in March 2024, ₹713.8 crore in March 2023, and ₹578.27 crore in March 2022.

SWOT Analysis

Final Thoughts

The Ajax Engineering IPO presents an opportunity to invest in a leading construction equipment company. With strong financials, a growing customer base, and a well-established market position, the company is in a strong position. However, investors should be mindful of the company’s revenue concentration, competition, and external economic risks before deciding.

OTHER IPO RESOURCES
IPO | Current IPO | Upcoming IPO | Listed IPO

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

Dalal Street is set for a busy week as two new initial public offerings (IPOs) debut and six scheduled stock listings. Despite bearish sentiment and volatility in the secondary market, the primary market remains active. Investors will have the chance to explore two new IPOs for subscription, one from the mainboard and the other from the SME segment, starting January 27. Source: Moneycontrol

Adding to the buzz, the Denta Water IPO allotment is happening today. This IPO is entirely a fresh issue of 0.75 crore shares. Founded in 2016, Denta Water and Infra Solutions Ltd has established itself as a key player in water Engineering, Procurement, and Construction (EPC) services. Source: ET Now

Let’s dive into the details to understand what’s in store for investors.

IPO Details of Dr. Agarwal’s Health Care Ltd.

Dr. Agarwal’s Healthcare IPO is a book-built issue valued at ₹3,027.26 crores. It comprises a fresh issue of 0.75 crore shares worth ₹300 crores and an offer for sale of 6.78 crore shares totaling ₹2,727.26 crores.

Company Overview

Dr. Agarwal’s Health Care Ltd. is a leading eye care provider in India, offering a comprehensive range of services, including eye examinations, laser vision correction (LASIK, SMILE), cataract surgery, glaucoma treatment, and more. With a vast network of clinics nationwide, they prioritize patient care and utilize advanced technology and experienced ophthalmologists to deliver high-quality eye care solutions.

Swot Analysis of Dr. Agarwal’s Health Care Ltd IPO

IPO Details of Malpani Fitting & Pipes

The price band for Malpani Pipes IPO is between ₹85 and ₹90 per share, with a minimum application size of 1,600 shares. Retail investors need to invest at least ₹1,44,000, while the minimum investment for HNIs is two lots (3,200 shares), amounting to ₹2,88,000.

Company Overview

Malpani Pipes & Fittings Ltd. is an Indian manufacturer of high-quality plastic pipes and fittings. Based in Madhya Pradesh, it specializes in many products, including HDPE pipes, MDPE pipes, sprinkler pipes, drip irrigation pipes, and more. The company is known for its commitment to quality and customer satisfaction and adheres to ISO 9001:2015 standards.

SWOT Analysis of Malpani Fitting & Pipes IPO

In addition, the Denta Water IPO allotment is taking place today. The IPO is set to be listed on Dalal Street, tentatively on Wednesday, January 29, 2025.

Denta Water IPO shares are trading at a premium of approximately 40% over the upper price band (Rs 294 per share) in the grey market, an unofficial platform for IPO shares trading before the official listing, according to market observers. Source: ET Now

IPO Details of Denta Water and Infra

How to Check Denta Water IPO Allotment Status

To check if you have been allotted shares in the Denta Water public issue IPO, follow these simple steps:

Visit the Integrated Registry Allotment Page

Go to the Integrated Registry’s IPO allotment page via the following link: Integrated Registry IPO Allotment.

Select the IPO

From the drop-down menu, choose “Denta Water” as the company name.

Enter Your Details

You can check your allotment status by entering your PAN number, IPO Application number, or DP client ID/Demat account number.

View Allotment Status

Tap the ‘Search’ button, and the screen will display the status of your IPO allocation, showing both the shares you applied for and those allocated to you.

Check IPO Allotment Status on BSE

Alternatively, you can also check your allotment status on the BSE website:

Visit the BSE IPO Allotment Page

Go to BSE IPO Allotment.

Select the IPO Name

Select the company name for the Denta Water IPO from the drop-down menu.

Enter Your Details

To view your allocation status, enter your application number or PAN number.

IPOs Closing Next Week

CLN Energy’s Rs 72-crore IPO will close on January 27, while the bidding for GB Logistics Commerce and HM Electro Mech public offerings will end on January 28. CLN Energy’s IPO was subscribed 2.68 times in the past two days, while GB Logistics Commerce and HM Electro Mech IPOs were fully subscribed on their first day of bidding, January 24, at 5.44 times and 7.32 times, respectively. Source: Moneycontrol

Six Listings Scheduled for Next Week

In addition to the IPOs, six companies are set to debut on Dalal Street. These include a mix of small and mid-sized firms across various sectors. Each listing brings unique value propositions, offering investors diverse opportunities.

SME Segment Debuts

The remaining five companies, all from the SME segment, will also list this week. Capital Numbers Infotech will debut on the BSE SME platform on January 27, while Rexpro Enterprises shares will begin trading on the NSE Emerge platform on January 29. Source: Moneycontrol

Upcoming SME Listings

Investors will also be able to start trading CLN Energy shares on the BSE SME on January 30, followed by GB Logistics Commerce and HM Electro-Mech, whose shares will be available for trading on January 31.

Source: Moneycontrol

Dalal Street is set for significant market activity with two IPOs and six upcoming listings featuring prominent mainboard and SME players. The week will see heightened activity and increased investor interest as the market readies itself for these listings.

OTHER IPO RESOURCES
IPO | Current IPO | Upcoming IPO | Listed IPO

Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

If you’re interested in the stock market or companies specializing in water solutions and infrastructure development, you might want to learn more about Denta Water and Infra Solutions Ltd’s IPO. As it opens today for subscription, the issue size of ₹220.50 crore has generated significant interest among investors.

Yesterday, it announced that it had secured slightly more than ₹66 crore from anchor investors before its IPO. Here’s a detailed breakdown of everything you need to know about this IPO.

IPO Details of Denta Water and Infra

Denta Water and Infra Solutions Ltd is launching an IPO worth ₹220.50 crore, consisting of a fresh issuance of 75 lakh equity shares priced at the upper band of ₹294 per share. The shares will be listed on both the BSE and NSE, with the allotment expected to be finalized on Monday, January 27, 2025, and a tentative listing date set for Wednesday, January 29, 2025.

Allocation of Shares

Retail investors can apply for a minimum of 50 shares of Denta Water and Infra IPO, requiring an investment of ₹14,700, with a maximum limit of 650 shares, amounting to ₹1,91,100. Small High-Net-Worth Individuals (S-HNIs) can invest a minimum of 700 shares for ₹2,05,800, with a cap of 3,400 shares, amounting to ₹9,99,600. Large High-Net-Worth Individuals (B-HNIs) have a minimum investment of 3,450 shares, requiring ₹10,14,300.

Objectives of the Denta Water and Infra IPO

The net proceeds from the IPO will be utilized for the following purposes:

Working Capital Requirements: To fund the company’s operations and business expansion.

General Corporate Purposes: Utilization as per applicable laws for business growth and development.

Grey Market Premium (GMP)

The Denta Water IPO Grey Market Premium (GMP) currently stands at ₹165, indicating a strong demand. Based on the IPO price of ₹294, the estimated listing price is projected to be ₹459, reflecting a 56.12% premium. The positive GMP suggests strong investor confidence and potential for a solid listing. Source: Mint

Company Overview

Incorporated in 2016, Denta Water and Infra Solutions Ltd is a leading player in water and infrastructure solutions. The company specializes in designing, installing, and commissioning water management projects, focusing on groundwater recharge.

Key projects executed:

• Byrapura Project
• Hiremagaluru LIS
• KC Valley Project

These projects have significantly contributed to Bengaluru’s wastewater management and the Jal Jeevan Mission. The company owns 98 acres of agricultural land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Additionally, it operates a beach resort in Udupi, generating revenue through a facility management agreement.

Service Offerings:

• Preliminary investigations and reconnaissance
• Feasibility studies
• Planning and project formulation
• Field surveys and soil testing
• Design services
• Tender bidding consultancy
• Project management and construction supervision
• Operation and maintenance guidelines
• Engineering procurement consultancy
• Turnkey projects

As of November 30, 2024, the company has successfully executed 32 water management projects, comprising:

• 11 as the main contractor
• 1 in a joint venture
• 20 as a sub-contractor

Denta Water is also involved in infrastructure projects across railways and highways.

Financials:

Revenue for the period ending September 30, 2024, was recorded at ₹98.51 Cr., which is lower than the previous fiscal year’s figure of ₹241.84 Cr. as of March 31, 2024, but shows a steady upward trend when compared to ₹175.75 Cr. in March 2023 and ₹119.64 Cr. in March 2022. The company’s profitability has also seen an upward trajectory over the years. 

Profit after tax for the half-year ending September 30, 2024, reached ₹24.2 Cr., following ₹59.73 Cr. for the full year ending March 31, 2024, up from ₹50.11 Cr. in March 2023 and ₹38.34 Cr. in March 2022. Net worth has shown consistent growth, reaching ₹188.46 Cr. as of September 30, 2024, up from ₹164.26 Cr. in March 2024, ₹104.55 Cr. in March 2023, and ₹54.43 Cr. in March 2022.

SWOT Analysis of Denta Water and Infra Solutions Ltd

Denta Water and Infra Solutions Ltd’s IPO India’s growing water infrastructure sector. The company is poised for growth with a solid track record, diversified business model, and promising financial performance. However, investors should consider the company’s dependence on government projects and working capital requirements before investing.

The IPO allotment results are expected on January 27, 2025, and the shares will tentatively list on January 29, 2025, on both the BSE and NSE. Stay tuned for further updates and market trends to make an informed investment decision.

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