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Denta Water IPO is a book-built issue of Rs 220.50 crores. The issue is entirely a fresh issue of 0.75 crore shares.
The IPO opens for subscription on January 22, 2025, and closes on January 24, 2025. The price band for the is set at ₹279 to ₹294 per share and the minimum lot size for an application is 50 shares.
Company Summary
Incorporated in 2016, Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company engaged in designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.
The company has successfully executed major projects like Byrapura, Hiremagaluru LIS, and KC Valley, contributing to Bengaluru’s wastewater management and supporting the Government’s Jal Jeevan Mission.
The company owns 98 acres of land in Madikeri, Karnataka, producing coffee, pepper, and cardamom. Additionally, it has a beach resort in Udupi, generating revenue through a facility management agreement.
The company provides a comprehensive range of water management services like
- 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 had 89 permanent employees.
Company Strengths:
- Established expertise in water management projects with a special focus on groundwater recharging
- In-house expertise in designing and engineering water management infrastructure projects
- Strong Management Team
- Strong order book
- Efficient Business Model
Company Financials
| 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 | ||||
Objectives of the IPO
1. To meet the working capital requirements of the Company
2. General corporate purposes.
Promoters of the Company
Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy, and Hema HM are the promoters of the company. The Promoters hold 18,436,000 Equity Shares of face value ₹ 10 each, equivalent to 96.02 % of the issued, subscribed, and paid-up Equity Share capital of the Company
IPO details
| IPO Date | January 22, 2025 to January 24, 2025 |
| Listing Date | Wednesday, January 29, 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 |
Lot allocation details
| 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 |
Allotment Schedule
| Basis of Allotment | Monday, January 27, 2025 |
| Initiation of Refunds | Tuesday, January 28, 2025 |
| The 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 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
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