DENTA WATER AND INFRA SOLUTIONS LIMITED
₹ 279 - ₹ 294
22-Jan-2025 - 24-Jan-2025
₹ 14700.00

/ 50 Shares

DENTA WATER AND INFRA SOLUTIONS LIMITED

22-Jan-2025 - 24-Jan-2025

₹ 279 - ₹ 294

Price Band

₹ 14700.00

Minimum Investment

50

Bid Lot

7,500,000

Shares

IPO Details

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

Category % Shares/Amount
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

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
52500 FORM 1X 536 FORM 1X 1071 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 50 ₹ 14,700
Retail (Upto 2 Lakh) 13 650 ₹ 191,100
S-HNI (2 Lakh to 10 Lakh) 14 700 ₹ 205,800
S-HNI (2 Lakh to 10 Lakh) 68 3400 ₹ 999,600
B-HNI (Above 10 Lakh) 69 3450 ₹ 1,014,300

IPO Timeline

  • Open Date

    22-Jan-2025

  • Close Date

    24-Jan-2025

  • Basis of Allotment Date

    27-Jan-2025

  • Initiation of Refunds

    28-Jan-2025

  • Credit Shares to Demat A/c

    28-Jan-2025

  • IPO Listing Date

    29-Jan-2025

Subscription as on
24-Jan-2025 18:01

Category Book Size Subscription No. of Times
QIB 1,500,000 ₹ 44.10 Cr. 355,407,600 ₹ 10448.98 Cr. 236.94x
HNI (<10 LAKH) 375,000 ₹ 11.03 Cr. 153,061,500 ₹ 4500.01 Cr. 408.16x
HNI2 (>10 LAKH) 750,000 ₹ 22.05 Cr. 417,370,050 ₹ 12270.68 Cr. 556.49x
RETAIL 2,625,000 ₹ 77.18 Cr. 237,123,050 ₹ 6971.42 Cr. 90.33x
Total 5,250,000 1,162,962,200 221.52x
Category Book Size Subscription No. of Times
QIB 1,500,000 ₹ 44.10 Cr. 355,407,600 ₹ 10448.98 Cr. 236.94x
HNI (<10 LAKH) 375,000 ₹ 11.03 Cr. 153,061,500 ₹ 4500.01 Cr. 408.16x
HNI2 (>10 LAKH) 750,000 ₹ 22.05 Cr. 417,370,050 ₹ 12270.68 Cr. 556.49x
RETAIL 2,625,000 ₹ 77.18 Cr. 237,123,050 ₹ 6971.42 Cr. 90.33x
Total 5,250,000 1,162,962,200 221.52x

*Excluding Anchor

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

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

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.
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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

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