Denta Water & Infra Solutions Ltd IPO

Denta Water & Infra Solutions Ltd IPO

We are a growing water and infrastructure solutions companies engaged in design, installation and commissioning of water management infrastructure projects with expertise in ground water recharging projects. In addition, we also undertake construction projects in the field of railways and highways. We are one of the few companies in India having experience and expertise in design, installation, commissioning, operations and maintenance of ground water recharging using recycled water.

Denta Water & Infra Solutions Ltd IPO Details

Total Shares Offered

₹ 75,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 26,25,000

Pre Issue Promoters Holding

₹ 1,92,00,000

Exchange

BSE

Issue size

₹ 220.5 Cr

IPO Open Date

Jan 22, 2025

Close Date

Jan 24, 2025

Lot Size

50

Min Investment

₹ 13,950

Issue Type

Book Building

Listing Date

Jan 29, 2025

Denta Water & Infra Solutions Ltd IPO Dates

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Jan 22, 2025
Opening date
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Jan 24, 2025
Closing date
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Jan 27, 2025
Basis of Allotment
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Jan 28, 2025
Initiation of Refunds
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Jan 28, 2025
Credit of Shares
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Jan 29, 2025
Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Denta Water & Infra Solutions Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations203.29238.60174.32
EBITDA72.6082.2168.66
PAT52.8960.4649.85
Total Assets398.61174.0878.15
Share Capital26.7019.204.80
Total Borrowings40.3267.1513.33
Operating Activities (Net Cash)53.4160.9550.22
Investing Activities (Net Cash)1.876.956.64
Financing Activities (Net Cash)40.3267.1513.33
Net Cashflow199.7262.8136.32

About Denta Water & Infra Solutions Ltd

Our Company was incorporated as `Denta Properties and Infrastructure Private Limited' in Bangalore, Karnataka as a private limited company under Companies Act, 2013, pursuant to a certificate of incorporation dated November 17, 2016 issued by Deputy Registrar of Companies, Central Registration Centre. Thereafter, pursuant to a resolution passed at the meeting of the Board of Directors held on June 14, 2023, and a special resolution of the Shareholders at the extraordinary general meeting held on June 26, 2023, the name of our Company was changed to `Denta Water and Infra Solutions Private Limited' and a fresh certificate of incorporation dated July 31, 2023, consequent upon the name change, was issued by the Registrar of Company, Karnataka at Bangalore (RoC). Subsequently, our Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the extraordinary general meeting of our Shareholders held on August 14, 2023, and consequently, the name of our Company was changed to `Denta Water and Infra Solutions Limited', and a fresh certificate of incorporation dated September 12, 2023 was issued by the RoC to our Company.

An exponential increase in urban population, would be a challenge for water management in the country. Furthermore, insufficient and restricted wastewater treatment facilities endanger water quality and public health. In India, the total installed capacity to treat wastewater (domestic sewage) from urban areas is 44%, or 31,841 MLD, compared to an estimated daily sewage output of 72,368 MLD. The actual treatment rate is only 28%, or 20,236 MLD. Even in class I (populations over 100,000) and class II (populations 50,000-100,000) towns, which account for 72% of the urban population, only 30% of the wastewater gets treated, i.e., 11,787 MLD vs the 38,254 MLD created. According to a recent CPCB report (March 2021), India's present water treatment capacity is 27.3% and its sewage treatment capacity is 18.6% (with an additional 5.2% capacity being built).

We are a growing water and infrastructure solutions companies engaged in design, installation and commissioning of water management infrastructure projects with expertise in ground water recharging projects. In addition, we also undertake construction projects in the field of railways and highways. We are one of the few companies in India having experience and expertise in design, installation, commissioning, operations and maintenance of ground water recharging using recycled water.

Peer Comparison:

  • Va Tech Wabag Ltd
  • EMS Ltd

Denta Water & Infra Solutions Ltd Key Points

Strengths

Established expertise in water management projects with special focus on ground water recharging.

Expertise in in-house designing and engineering of water management infrastructure projects.

Strong management team.

Strong order book.

Established track record for project execution.

Risk

In the past, one of its Promoters, C Mruthyunjaya Swamy, in the capacity as a secretary of the Public Works Department, Karnataka, has been subjected to enquiry by the Lokayukta Police, Bangalore (Lokayukta) and initiation of certain legal proceedings by the Enforcement Directorate against him, which was subsequently disposed off. Although Mr. C Mruthyunjaya Swamy is currently retired from the services of Government of Karnataka, there is no assurance that legal proceedings will not be reopened by Lokayukta or any other relevant authority against him. Any further development in the above-mentioned legal proceedings or other authorities may adversely affect its business, results of operations and financial condition.

Certain untraceable persons have filed complaints with SEBI and other authorities against the Company and its Promoter, C Mruthyunjaya Swamy, with allegations including indulging in corrupt practices, misusing of authority by its Promoter while being in public service and influencing the government officers in awarding the contracts to the Company, among others. There is no assurance that the Company or SEBI or other authorities does not receive similar complaints in future. Any further development in similar complaints filed with SEBI or other authorities may adversely affect its business, results of operations and financial condition.

Its revenue contribution from government clients has increased from 18.25% in FY 2023 to 63.40% as of FY 2024, and the company currently relies substantially on its government clients for the company revenues.

Strategy

Leverage core competencies in execution of water management projects.

Expanding our geographical area of operations.

Pursue other segments within infrastructure development space.

Expansion into other geographies for reuse of discharge water.

How To Apply for Denta Water & Infra Solutions Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Denta Water & Infra Solutions Ltd IPO?

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Denta Water & Infra Solutions Ltd's IPO offers shares for up to 220.5 It begins on Jan 22, 2025 and ends on Jan 24, 2025.

What is the price of the Denta Water & Infra Solutions Ltd IPO?

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The price of Denta Water & Infra Solutions Ltd IPO ranges between ₹279 to ₹294 per share.

What are the open and close dates for the Denta Water & Infra Solutions Ltd IPO?

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The Denta Water & Infra Solutions Ltd IPO opens on Jan 22, 2025 and closes on Jan 24, 2025.

When will the Denta Water & Infra Solutions Ltd IPO be allotted?

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The allotment for the Denta Water & Infra Solutions Ltd IPO will be finalised on Jan 27, 2025. The shares will be listed on BSE and NSE on Jan 29, 2025.

What is the minimum lot size required for Denta Water & Infra Solutions Ltd IPO?

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The minimum lot size for Denta Water & Infra Solutions Ltd IPO is 50 shares, priced between ₹279 to ₹294 per share.

What is the GMP of Denta Water & Infra Solutions Ltd IPO?

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The GMP (Grey Market Premium) of Denta Water & Infra Solutions Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Denta Water & Infra Solutions Ltd IPO?

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To check the allotment status of Denta Water & Infra Solutions Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Denta Water & Infra Solutions Ltd IPO getting listed?

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The Denta Water & Infra Solutions Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jan 22, 2025, and closes on Jan 24, 2025. The allotment is finalised on Jan 27, 2025.

How do you apply for the Denta Water & Infra Solutions Ltd IPO?

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To apply for the Denta Water & Infra Solutions Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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