Denta Water and Infra Solutions Limited IPO is a fully book-built issue, and the total IPO size is ₹220.50 crores. The issue is entirely a fresh issue of 0.75 crore shares.
The subscription period for the Denta Water and Infra Solutions Limited IPO started on January 22, 2025, and ended on January 24, 2025.
The allotment process was finalized on January 27, 2025. The Denta Water and Infra Solutions Limited IPO was listed on BSE and NSE on January 29, 2025.
The price band for the Denta Water and Infra Solutions Limited IPO is set at ₹294 per share.
Registrar for this IPO is Integrated Registry Management Services Private Limited, and the lead manager for Denta Water and Infra Solutions Limited IPO is SMC Capitals Limited.
IPO Schedule
| IPO Open Date | Wednesday, 22 Jan, 2025 |
|---|---|
| IPO Close Date | Friday, 24 Jan, 2025 |
| IPO Allotment Date | Monday, 27 Jan, 2025 |
| Refund Initiation | Tuesday, 28 Jan, 2025 |
| Share credit in Demat | Tuesday, 28 Jan, 2025 |
| Listing Date | Wednesday, 29 Jan, 2025 |
Key Details
| Price Band | ₹294 Per Share |
|---|---|
| Lot Size | 50 Shares |
| Face Value | ₹10 Per Equity Share |
| Total Issue Size | ₹220.50 Crores |
| Fresh Issue | ₹220.50 Crores |
| Issue Type | Fresh Issue |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Denta Water Company
Denta Water and Infra Solutions Limited, established in 2016, is a key player in water engineering, procurement, and construction (EPC) services, specializing in groundwater recharging. With a strong track record in infrastructure project installations, particularly in lift irrigation systems, the company contributes to addressing India's growing demand for water solutions. Denta Water played a significant role in the KC Valley project, contributing to Bengaluru's reputation as the second-largest city globally in terms of treated wastewater quantity.
The company's financial performance shows consistent growth. Revenue from Operations has grown at a CAGR of 26.39% between Fiscal 2023 and Fiscal 2024. For Fiscal 2024, Revenue from Operations stood at ₹238.60 crore, with a Restated profit after tax (PAT) of ₹59.73 crore and PAT Margin of 25.03%.
Denta Water operates with an asset-light business model, focusing on water management infrastructure projects. Key services include sewage and effluent treatment, water reuse and recycling, and integrated sewerage networks. The India Water and Wastewater Treatment market is expected to grow significantly, and the company is well-positioned to capitalize on opportunities through continued focus on design, engineering consultancy, and alignment with government initiatives like the "Jal Jeevan Mission".
Denta Water Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 220.34 | 219.85 | 123.28 | 60.64 |
| Revenue | ||||
| Profit After Tax | ||||
| Net Worth | 188.47 | 164.33 | 104.61 | 54.43 |
| Reserves and Surplus | 169.26 | 145.06 | 99.75 | 49.63 |
| Total Borrowing | 0.71 | 0.86 | 1.15 | 0.00 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 31.11 | 36.36% | 85.55 | 36.36% | 76.99% |
Offer Objectives
The company intends to utilize the net proceeds from the IPO for two primary objectives:
1. Working Capital Requirements: A significant portion, ₹1,500 million (₹150 crore), is allocated to meet the company's working capital needs for Fiscal Years 2025 and 2026. The deployment is planned as ₹500 million (₹50 crore) in FY25 and ₹1,000 million (₹100 crore) in FY26. This will reduce finance costs and positively impact profitability.
2. General Corporate Purposes: A portion of the proceeds will be used for general corporate purposes, but the amount will not exceed 25% of the gross proceeds of the issue. The specific amount will be determined upon finalizing the Issue Price.
Additionally, the company anticipates benefits from listing on the stock exchanges.
The company's working capital requirements are met through internal accruals and bank financing. As of November 30, 2024, the company has fund-based (overdraft) and non-fund-based facilities of ₹105 million (₹10.5 crore) and ₹700 million (₹70 crore), respectively.
The company confirms that it does not need to make firm arrangements of finance through verifiable means towards 75% of the stated means of finance.
Company Details
Address:
# 40, 3rd Floor, Sri Lakshminarayana Mansion,
South End Road, Basavanagudi Bangalore ,
South Bangalore - 560 004 Karnataka , India
Phone: +91 080 2991 6509
Email: [email protected]
Website: http://www.denta.co.in
IPO Registrar Details
Integrated Registry Management Services Private Limited
Phone: 080 23460815
Email: [email protected]
Website: http://www.integratedindia.in
