DENTA WATER AND INFRA SOLUTIONS LIMITED

Price Band

₹ 279 - ₹ 294

Bid Lot

50 Shares

DENTA WATER AND INFRA SOLUTIONS LIMITED

22-Jan-2025 - 24-Jan-2025

Price Band

₹ 279 - ₹ 294

Minimum Investment

₹ 14700.00

Bid Lot

50 Shares

Shares

7,500,000

IPO Details

Fresh Issue of up to 75,00,000 Equity Shares

QIB
50%

(3,750,000 Shares)RS.110.25 CR

HNI 1
5%

(375,000 Shares)RS.11.03 CR @ 536 FORM 1X

HNI 2
10%

(750,000 Shares)RS.22.05 CR @ 1071 FORM 1X

Retail
35%

(2,625,000 Shares)RS.77.18 CR @ 52500 FORM 1X

BRLMs: SMC Capitals Ltd

Timeline

  • 22

    Jan-2025

    Open Date

  • 24

    Jan-2025

    Close Date

  • 27

    Jan-2025

    Basis of Allotment Date

  • 28

    Jan-2025

    Initiation of Refunds

  • 28

    Jan-2025

    Credit of Shares to Demat A/C

  • 29

    Jan-2025

    IPO Listing Date

Subscription as on 24-Jan-2025 18:01

Category

Book Size

Subscription

QIB

236.94x
1,500,000

(₹44.10 Cr.)

355,407,600

(₹10448.98 Cr.)

HNI (<10 LAKH)

408.16x
375,000

(₹11.03 Cr.)

153,061,500

(₹4500.01 Cr.)

HNI2 (>10 LAKH)

556.49x
750,000

(₹22.05 Cr.)

417,370,050

(₹12270.68 Cr.)

RETAIL

90.33x
2,625,000

(₹77.18 Cr.)

237,123,050

(₹6971.42 Cr.)

Total

221.52x
5,250,000
1,162,962,200

Category

Book Size

Subscription

QIB

236.94x
1,500,000

(₹44.10 Cr.)

355,407,600

(₹10448.98 Cr.)

HNI (<10 LAKH)

408.16x
375,000

(₹11.03 Cr.)

153,061,500

(₹4500.01 Cr.)

HNI2 (>10 LAKH)

556.49x
750,000

(₹22.05 Cr.)

417,370,050

(₹12270.68 Cr.)

RETAIL

90.33x
2,625,000

(₹77.18 Cr.)

237,123,050

(₹6971.42 Cr.)

Total

221.52x
5,250,000
1,162,962,200

*Excluding Anchor

Total No. of Application Approx : ~4008085 (76.34 Appwise)

HNI Cost

About Company

  • The Company was incorporated as ‘Denta Properties and Infrastructure Pvt. Ltd’ in Bangalore, Karnataka on November 17, 2016. The name was changed to ‘Denta Water and Infra Solutions Private Limited’ in July,2023. Subsequently, on conversion to a public ltd company, the name was changed to ‘Denta Water and Infra Solutions Limited’ in September 2023.
  • Denta Water and Infrastructure Solutions is engaged in design, installation and commissioning of water management infrastructure projects with expertise in groundwater recharging projects. The company also provides operations and maintenance services for projects (typically, for 3- 5 years). Additionally, the company undertakes construction projects on railways and highways.
  • Denta Water is one of the few companies in India with experience and expertise in design, installation, commissioning, operations and maintenance of groundwater recharging using recycled water.
  • The company’s water management projects are concentrated in the state of Karnataka. The company has completed 32 water management projects (as main contractors and sub-contractors) and is presently undertaking 11 water management projects, which are in various stages of implementation.
  • The company has been awarded 3 projects under the “Jal Jeevan Mission.” As of November 30, 2024, it has successfully completed 445.77 km of infrastructure for water management projects.
  • As on November 30, 2024, the company has procured direct contracts (as consortium partner) worth ? 774 Cr, direct contracts (independent) worth ? 47.00 Cr and sub-contracts worth of ? 465.72 Cr in Ground Water Recharging (GWR) projects.
  • The company has a strong order book of ? 1,100.44 Cr, out of which ? 1,066.75 Cr is related to water management projects. As of November 30, 2024, the company had completed work amounting to ? 347.99 Cr, and the outstanding order book is ? 752.45 Cr.
  • The company plans to expand into other geographies such as Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh for additional opportunities beyond the confines of Karnataka.
  • The company intends to diversify into projects related to railways and highways. The company currently has projects worth ? 32.32 Cr, which includes railways and highways. Currently, the Company is in the process of executing 1 project in road construction segment on direct/ sub-contract basis for improvement to existing road and construction of new CC road.

Strengths

Competitive Strength 

  • Established expertise in water management projects with special focus on ground water recharging
  • In-house expertise in designing and engineering of water management infrastructure projects
  • Strong Management Team
  • Strong order book
  • Established track record for project execution
  • Efficient Business Model

Business Strategies 

  • Leverage core competencies in execution of water management projects
  • Expanding the geographical area of operations
  • Pursue other segments within infrastructure development space
  • Expansion into other geographies for reuse of discharge water

Company Promoters

Company Financials

Denta Water and Infra Solutions Limited Financial Information (Restated Consolidated)

Period Ended 30 Sep 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 220.35 219.85 123.28 60.64
Revenue 98.51 241.84 175.75 119.64
Profit After Tax 24.2 59.73 50.11 38.34
Net Worth 188.46 164.26 104.55 54.43
Reserves and Surplus 169.26 145.06 99.74 49.63
Total Borrowing 0.71 0.86 1.15  
Amount in ? Crore

Objects of the Issue

The Company proposes to utilize the Net Proceeds raised through the Issue for the following objects:

  1. To meet working capital requirements of the Company
  2. General corporate purposes, subject to the applicable laws

How to Apply

Apply for IPO in few simple steps.

  • Step 1

    Once you create your account, Login to Easy Investing.

  • Step 2

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 3

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 4

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 5

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
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