Denta Water & Infra Solutions Ltd IPO
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Denta Water & Infra Solutions Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 75 L | TBA | ₹ 26.25 L | ₹ 192 L | DBC | ₹ 220.5 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
22 Jan, 25 | 24 Jan, 25 | 50 | ₹ 13,950 | Book Building | 29 Jan, 25 |
Denta Water & Infra Solutions Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Construction |
Sub Sector | NA |
Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 3750000 | 0 |
NII | 0x | 1125000 | 0 |
Retail | 0x | 2625000 | 0 |
Employee | 0x | 0 | 0 |
Total | 0x | 7500000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Denta Water & Infra Solutions Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 174.32 | 119.57 | 32.07 |
EBITDA | 68.66 | 51.96 | 13.46 |
PAT | 49.85 | 38.34 | 9.87 |
Total Assets | 78.15 | 50.07 | 35.73 |
Share Capital | 4.80 | 4.80 | 4.80 |
Total Borrowings | 13.33 | 19.68 | 5.08 |
Operating Activities (Net Cash) | 50.22 | 38.43 | 9.89 |
Investing Activities (Net Cash) | 6.64 | 0.00 | 0.00 |
Financing Activities (Net Cash) | 13.33 | 19.68 | 5.08 |
Net Cashflow | 36.32 | 13.58 | 25.88 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
Denta Water & Infra Solutions Ltd IPO 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 our 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 our business, results of operations and financial condition.
- Certain untraceable persons have filed complaints with SEBI and other authorities against our Company and our Promoter, C Mruthyunjaya Swamy, with allegations including indulging in corrupt practices, misusing of authority by our Promoter while being in public service and influencing the government officers in awarding the contracts to our Company, among others. There is no assurance that our Company or SEBI or other authorities do not receive similar complaints in future. Any further development in similar complaints filed with SEBI or other authorities may adversely affect our business, results of operations and financial condition.
- Our revenue contribution from government clients has increased from 18.25% in FY 2023 to 63.40% as of FY 2024, and we currently rely substantially on our government clients for our 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.
- 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.
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.