Denta Water and Infra Solutions IPO Price: ₹279 to ₹294 per share
IPO Dates: 22 January 2025 – 24 January 2025
Company Overview
Incorporated in 2016, Denta Water and Infra Solutions Limited is a fast-growing company specializing in water management and infrastructure solutions. The company provides end-to-end services, including design, installation, and commissioning of water management infrastructure, with expertise in groundwater recharge projects.
Expertise and Services
Denta Water and Infra Solutions Limited has extensive experience in water engineering and EPC (Engineering, Procurement, and Construction) services, delivering innovative solutions for groundwater recharge through recycled water. The company also undertakes construction projects in railways and highways, demonstrating its versatility in infrastructure development.
Key services offered include:
- 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
- Engineering procurement consultancy
- Operation and maintenance guidelines
- Turnkey projects
Notable Projects
Denta Water and Infra Solutions Limited has played a pivotal role in several major projects, including:
- Byrapura and Hiremagaluru LIS
- Karagada LIS Project
- KC Valley Project (Phase I)
These projects have significantly contributed to Bengaluru’s wastewater management and supported initiatives like the Government of India’s Jal Jeevan Mission, which aims to ensure access to clean drinking water for all.
Land and Additional Ventures
The company owns 98 acres of agricultural land in Madikeri, Karnataka, producing coffee, pepper, and cardamom. Additionally, Denta Water operates a beach resort in Udupi, generating revenue through a facility management agreement.
Achievements and Ongoing Projects
As of November 30, 2024, Denta Water and Infra Solutions Limited has completed 32 water management projects, including 11 as the main contractor, one through a joint venture, and 20 as a subcontractor. Currently, the company manages 17 ongoing projects with a total contract value of ₹11,004.36 million. Of this, ₹10,667.52 million pertains to water management, while ₹336.84 million is allocated to infrastructure projects, such as railways and roadways. The company has already completed work worth ₹3,479.85 million, leaving an outstanding order book valued at ₹7,524.51 million.
Competitive Strengths
Denta Water and Infra Solutions Limited’s key strengths include:
- Proven expertise in groundwater recharge and water management projects
- Strong in-house capabilities in design and engineering
- A highly experienced management team
- A robust order book reflecting consistent business growth
- A track record of timely project execution
- An efficient business model catering to diverse client needs
Industry Relevance
India, as the largest user of groundwater, faces critical challenges in over-extraction and insufficient recharge. The company aligns with national initiatives like Karnataka’s large-scale recycling schemes and the Jal Jeevan Mission, addressing these pressing water management concerns.
By leveraging its concept-to-commissioning expertise, Denta Water delivers comprehensive solutions in groundwater recharging, lift irrigation, water supply, and urban-rural development projects.
Summary
Denta Water and Infra Solutions Limited has established itself as a key player in India’s water management and infrastructure sector, with a focus on sustainable solutions and infrastructure development. Through innovative projects and strategic collaborations, the company is well-positioned to contribute to the country’s water resource conservation and infrastructure growth.
Bidding Starts In
Denta Water and Infra Solutions IPO Specifics:
IPO Date | January 22, 2025 to January 24, 2025 |
Listing Date | Thursday, January 23, 2025 |
Face Value | ₹10 per share |
Price Band | ₹279 to ₹294 per share |
Lot Size | 50 Shares |
Total Issue Size | 75,00,000 shares (aggregating up to ₹220.50 Cr) |
Fresh Issue | 75,00,000 shares (aggregating up to ₹220.50 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 1,92,00,000 shares |
Share holding post issue | 2,67,00,000 shares |
Denta Water and Infra Solutions IPO Timetable (Important Dates)
IPO Open Date | Wednesday, January 22, 2025 |
IPO Close Date | Friday, January 24, 2025 |
Basis of Allotment | Monday, January 27, 2025 |
Initiation of Refunds | Tuesday, January 28, 2025 |
Credit of Shares to Demat | Tuesday, January 28, 2025 |
Listing Date | Wednesday, January 29, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2025 |
Denta Water and Infra Solutions IPO Lot Size
Bidders have the opportunity to bid for a minimum of 50 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 50 | ₹14,700 |
Retail (Max) | 13 | 650 | ₹1,91,100 |
S-HNI (Min) | 14 | 700 | ₹2,05,800 |
S-HNI (Max) | 68 | 3,400 | ₹9,99,600 |
B-HNI (Min) | 69 | 3,450 | ₹10,14,300 |
Denta Water and Infra Solutions IPO Reservation
QIB Shares Offered | Not more than 50% of the Net offer |
Retail Shares Offered | Not less than 35% of the Offer |
NII (HNI) Shares Offered | Not less than 15% of the Offer |
Denta Water and Infra Solutions Limited IPO Financial Information
Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sep 2024 |
---|---|---|---|---|
Assets | 60.64 | 123.28 | 219.85 | 220.35 |
Revenue | 119.64 | 175.75 | 241.84 | 98.51 |
Profit After Tax | 38.34 | 50.11 | 59.73 | 24.2 |
Net Worth | 54.43 | 104.55 | 164.26 | 118.46 |
Reserves and Surplus | 49.63 | 99.74 | 145.06 | 169.26 |
Total Borrowing | 1.15 | 0.86 | 0.71 |
Key Performance Indicator – Denta Water and Infra Solutions IPO
KPI | Values |
---|---|
Market Cap | ₹784.98 Cr |
EPS | ₹31.11 |
P/E (x) | 9.45 |
ROE | 36.36% |
ROCE | 76.99% |
Debt / Equity | 0.01 |
RoNW | 36.36% |
Objects of the Issue:
The Company intends to utilize the net proceeds from the issue for the following purposes:
- For general corporate purposes, in compliance with applicable laws.
- To fund its working capital requirements.
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.