IPO

Denta Water and Infra Solutions Limited IPO

Mainboard

Water Supply & Management

Listed On: Jan 29, 2025 at ₹ 325.0 (NSE)

₹ 14700 /50 Shares

Check Allotment

22 Jan, 2025

Open Date

24 Jan, 2025

Close Date

27 Jan, 2025

Allotment Date

29 Jan, 2025

Listing Date
Price Summary

Last Closing

401.50 (36.56%)

52 Week High

479.60

52 Week Low

251.25

Last Update

27-Oct-2025 3:30 PM
Denta Water and Infra IPO Issue Details
  • Issue Price ₹279-294 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 75,00,000 shares(aggregating up to ₹220.5 crore)
  • Fresh Share 75,00,000 shares(aggregating up to ₹220.5 crore)
  • Listing at BSE, NSE
  • List Price 325.0 (NSE)
  • Listing Date 2025-01-29
  • Lead Manager Smc Capitals Limited
  • Registrar Integrated Registry Management Services Private Limited
Market Lot Size

Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 150₹14,700
Retail(max)13650₹1,91,100
SHNI(min) 14700₹2,05,800
SHNI(max) 683,400₹9,99,600
BHNI(min) 693,450₹10,14,300
Denta Water and Infra IPO Reservation

Denta Water and Infra IPO offers total 75,00,000 shares. Out of which 15,00,000 (20%) allocated to QIB, 11,25,000 (15%) allocated to NII,26,25,000 (35%) allocated to RII, NA (NA%) allocated to employees and 22,50,000 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered22,50,000 (30%)
QIB Shares Offered15,00,000 (20%)
NII (HNI) Shares Offered11,25,000 (15%)
bNII < ₹10L7,50,000 (10%)
sNII < ₹10L3,75,000 (5%)
Retail Shares Offered26,25,000 (35%)
Total Shares Offered75,00,000 (100%)
Denta Water and Infra IPO Documents
Denta Water and Infra IPO Details


Denta Water and Infra IPO is a book-built issue of ₹220.5 crores, The total issue size is ₹220.5 crores. The IPO of Denta Water and Infra is priced at ₹279-294 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Jan 22, 2025 and ends on Jan 24, 2025. The allotment for Denta Water and Infra IPO will be finalized on Jan 27, 2025. Denta Water and Infra IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jan 29, 2025. The company shall list its equity shares on the BSE, NSE. Integrated Registry Management Services Private Limited is the registrar of the issue.

Retail investors can bid for a minimum of 50 shares, extendable to 14,700. S-HNIs will be able to bid for 700 shares at ₹2,05,800, while B-HNIs can also apply for a bid of 3,450 shares at ₹10,14,300. The book-running lead manager for the IPO is/are Smc Capitals Limited.

The total issue ₹220.5 crore, comprising a fresh issue of 75,00,000 shares ₹220.5 crore
The Denta Water and Infra IPO sets its price band at 279-294 for each share. A single application for Denta Water and Infra Solutions Limited IPO must contain at least 50 shares. Sentiment investors need to invest a minimum of 50 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,700 In order to participate in the sNII, investors must purchase at least 14 lots of 700 shares for ₹2,05,800, while the bNII requires 69 lots of 3,450 shares for an investment of ₹10,14,300.

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Denta Water and Infra IPO Subscription Analysis And Details
Retail
90.33x
QIB
236.94x
NII
507.05x
bNII
556.49x
sNII
408.16x
Total
221.52x
As onQIBNII
bNII   sNII
RetailTotal
Shares Offered / Reserved15,00,00011,25,000
7,50,000    3,75,000
26,25,00052,50,000
Day 1 22-01-25 05:00 PM
1.67 x36.23
33.29 x   42.11 x
17.67 x17.07 x
Day 2 23-01-25 05:00 PM
4.75 x128.41
124.72 x   135.79 x
43.51 x50.63 x
Day 3 24-01-25 05:00 PM
236.94 x507.05
556.49 x   408.16 x
90.33 x221.52 x

Total No of Applications
41,06,695
Subscription on the basis of Applications
Retail:68.78x BHNI:107.38x SHNI:387.19x
Denta Water and Infra Valuations
EPS Pre IPO ₹31.11/-
EPS Post IPO ₹18.13/-
P/E Pre IPO 9.45
P/E Post IPO 16.22
ROE 36.36%
ROCE 76.99%
Debt/Equity 0.01
RoNW 36.36%
PAT Margin 25.03
Price to Book Value 5.01
Denta Water and Infra Company Financials
In Crs.
In Cr.
30-Sep-2431-Mar-2431-Mar-2331-Mar-22
Assets220.35219.85123.2860.64
Revenue98.51241.84175.75119.64
Profit After Tax24.259.7350.1138.34
Net Worth188.46164.26104.5554.43
Reserves & Surplus169.26145.0699.7449.63
Total Borrowing0.710.861.15N/A
About Denta Water and Infra Company

Denta Water and Infra Solutions Limited, established in 2016, is an emerging water and infrastructure solutions company into designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.The company has experience in water engineering and EPC services with specialisation in infrastructure projects in which there is a need to meet growing water solution demands through recharge of groundwater using recycled water.

Major projects that the company has successfully completed include Byrapura, Hiremagaluru LIS, and KC Valley. This will help manage Bengaluru's wastewater and further the Government's Jal Jeevan Mission.The company has 98 acres of land in Madikeri, Karnataka, where it grows coffee, pepper, and cardamom. It also has a beach resort in Udupi that earns money from a facility management agreement.

Services: The company offers a complete suite of water management services including:
 1.⁠ ⁠Preliminary investigations and reconnaissance
2.⁠ ⁠Feasibility studies
3.⁠ ⁠Planning and project formulation
4.⁠ ⁠Field surveys and soil testing
5.⁠ ⁠Design services
6.⁠ ⁠Tender bidding consultancy
7.⁠ ⁠Project management and construction supervision
8.⁠ ⁠Operation and maintenance guidelines
9.⁠ ⁠Engineering procurement consultancy
10.⁠ ⁠Turnkey projects

As on 30 Nov. 2024, the company has implemented 32 water management projects 11 as prime contactor, 1 joint venture and 20 as sub contactor. In addition to that, the company undertakes railway and highways construction projects.

As of November 30, 2024, the company had 89 permanent employees.

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Denta Water and Infra - Promoter(s)

Sowbhagyamma

Sujith TR

C Mruthyunjaya Swamy

Hema HM

Pre Issue Share Holding : 100%

Post Issue Share Holding : 71.91%

Denta Water and Infra IPO - Issue Objectives
1

Meeting the company's working capital requirements.

2

General corporate purposes.

Denta Water and Infra IPO - Anchor Investors

Denta Water and Infra raises Rs 66 crore from anchor investors ahead of IPO.

Foreign and domestic institutions who participated in the anchor included Abakkus Diversified Alpha Fund-2, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhatisgarh Investments Ltd, Steptrade Revolution Fund, Astorne Capital VCC -- Arven and Aarth AIF,

Denta Water and Infra IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Denta Water and Infra Solutions Limited31.1131.1185.55N/A36.363.46Consolidated
Va Tech Wabag Ltd.39.4939.49292.4338.4113.775.19Consolidated
EMS Limited29.3829.38143.7327.4719.135.64Consolidated

Notes:

  1. P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on January 10, 2025, divided by the Diluted EPS.
  2. Return on Net Worth (%) = Net profit after tax for the year divided by total net worth as of March 31, 2024.
  3. NAV per share represents net worth at the end of the year divided by the weighted average number of shares outstanding during the year.
Strength
Denta Water has completed 32 water management projects for the Government of Karnataka.
Technical expertise in groundwater recharge and lift irrigation projects.
Promoter with 38+ years of experience in the civil sector.
Weakness
Over-reliance on the Government of Karnataka exposes risks from changes.
Concentration of operations in Karnataka increases exposure to regional risks.
Delays in project completion could result in liquidated damages or penalties.
Contact Details

Denta Water and Infra

40, 3rd floor, Sri Lakshminarayana Mansion, South End Road, Basavanagudi, South Bangalore 560 004

+91-080-42106509

cs@denta.co.in

http://www.denta.co.in/

Registrar Contact Details

Integrated Registry Management Services Private Limited

044 - 28140801 to 28140803

vijayagopal@integratedindia.in

https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1