Incorporated in 2016, Denta Water and Infra Solutions Limited specializes in water management and infrastructure solutions, focusing on groundwater recharge projects. The company provides services in project planning, design, and execution, including lift irrigation and wastewater management. Denta Water has completed notable projects such as the Byrapura and Hiremagaluru LIS and is currently involved in several initiatives, including those under the Jal Jeevan Mission. Operating primarily in Karnataka, the company serves both government and private clients, contributing to water conservation and infrastructure development.
Issue size
Funds to be Raised in the IPO
Amount
Overall
₹220.50 crores
Fresh Issue
₹220.50 crores
Offer for sale
-
The utilisation of proceeds:
Purpose
INR crores (%)
Tech Advancement
150.00 (68.03%)
Business Development
70.50 (31.97%)
Financial Snapshot
Financial Year Ended
March 2022
March 2023
March 2024
September 2024
Total Assets
60.64
123.28
219.85
220.35
Revenue
119.64
175.75
241.84
98.51
Profit After Tax
38.34
50.11
59.73
24.20
*All figures are in ₹ Crores.
Strengths
Expertise in groundwater recharging and water management projects.
Completed 32 projects for the Government of Karnataka.
In-house team for design, engineering, and project management.
Established client relationships, including with the Karnataka Government.
Undertakes projects through joint ventures and sub-contracts.
Utilizes an asset-light business model.
Risk factors
Reliance on government contracts, particularly from Karnataka.
Risk of delays or termination in government contracts.
Challenges in managing expansion to new regions, including Northern and Southern India.
Regulatory scrutiny and delayed receivables from government contracts.
Restrictive covenants in bank guarantees limit business flexibility.
Past legal proceedings and investigations against the promoter.
Ongoing SEBI complaints with allegations against promoter and company.
IPO Schedule
Issue Period
22 January to 24 January 2025
Price band
₹279 - ₹294
Minimum Bid quantity
50 shares
UPI Mandate Deadline
5 PM, 24 January 2025
Allotment Finalization
27 January 2025
Refund Initiation
28 January 2025
Share Credit
28 January 2025
Listing Date
29 January 2025
Mandate end date
08 February 2025
Lock-In End Date for Anchor Investors (50%)
23 February 2025
Lock-In End Date for Anchor Investors (Remaining)
24 April 2025
Allotment Status for Denta Water and Infra Solutions Limited IPO