IPO Details
Bidding Dates
22 Jan '25 - 24 Jan '25
Minimum Investment
₹14,700 / 1 Lot (50 Shares)
Price Range
₹279-₹294
Maximum Investment
₹1,91,100 / 13 Lot (650 Shares)
Retail Discount
To be announced
Issue Size
₹220.50 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |Denta Water IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jan 22, 25
IPO Closing Date
Jan 24, 25
Basis of Allotment
Jan 27, 25
Initiation of Refunds
Jan 28, 25
IPO Listing Date
Jan 29, 25
Denta Water IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Jan 21, 2025 |
1.67 | 36.4 | 18.02 | 17.29 |
|
Day 2Jan 22, 2025 |
4.75 | 128.68 | 43.94 | 50.9 |
|
Day 3Jan 23, 2025 |
4.81 | 160.27 | 48.27 | 59.85 |
About Denta Water IPO
Denta Water IPO is a book-built issue worth ₹220.50 crore, consisting of a fresh issue of 0.75 crore shares. The IPO was open for subscription on January 22, 2025, and is closing soon on January 24, 2025. Allotment is expected to be finalised on January 27, 2025, with the listing set for January 29, 2025, on BSE and NSE.
The price band for the IPO is ₹279 to ₹294 per share. The minimum lot size for an application is 50 shares, requiring an investment of ₹14,700 for retail investors. For small and non-institutional investors (sNII), the minimum investment is ₹2,05,800, covering 14 lots (700 shares). For big non-institutional investors (bNII), the minimum lot size is 69 lots (3,450 shares), totalling ₹10,14,300.
SMC Capitals Limited is the book-running lead manager for the IPO, while Integrated Registry Management Services Private Limited acts as the registrar. Investors can find detailed information in the Denta Water IPO Red Herring Prospectus (RHP). This IPO offers an opportunity for those looking to invest in a growing company.
Industry Outlook
- The global water shortage, predicted to reach a 40% supply-demand gap by 2030, is driving demand for advanced water and wastewater treatment solutions, offering significant growth opportunities for Denta Water and Infra Solutions Limited.
- In India, water demand is projected to rise from 710 BCM (Billion Cubic Meters) in 2010 to 1,180 BCM by 2050, with domestic and industrial water consumption expected to increase by 2.5 times, creating a growing need for efficient water treatment and infrastructure solutions.
Denta Water IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company aims to allocate funds towards supporting day-to-day operations and ensuring smooth business activities.
- The remaining funds will be used for general corporate purposes.
About Denta Water and Infra Solutions Limited
Denta Water and Infra Solutions Limited, established in 2016, is a prominent player in the water management and infrastructure sector. The company is known for its expertise in the design, installation, and commissioning of water management infrastructure, with a particular focus on groundwater recharging using recycled water. It has made significant contributions to various projects in Karnataka, including groundwater recharging initiatives and lift irrigation projects.
The company's successful involvement in major initiatives such as the Jal Jeevan Mission showcases its commitment to improving water access in rural areas. Denta Water has completed 32 water management projects and currently has 17 ongoing projects, with a total contract value of ₹11,004.36 million. These projects cover a range of services, from preliminary investigations and feasibility studies to construction and post-commissioning support.
One of Denta Water's key strengths lies in its ability to handle large-scale projects, including the installation of pipelines, pump houses, and drinking water treatment plants. The company has developed a solid reputation for delivering projects efficiently and effectively, ensuring the long-term sustainability of water management solutions.
Denta Water continues to play a vital role in addressing the growing water demands in India, particularly in drought-prone regions, and is well-positioned to contribute further to the nation's infrastructure development. The company's focus on both public and private sector contracts has cemented its position as a leader in the water management industry.
How To Check the Allotment Status of the Denta Water IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Denta Water IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Denta Water IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Denta Water IPO
Registered office: 40, 3rd Floor, Sri Lakshminarayana Mansion, South End Road, Basavanagudi Bangalore, South Bangalore-560004Karnataka, India
Phone:+91080 2991 6509
E-mail: cs@denta.co.in
Denta Water IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares |
22,50,000 (30%) |
|
QIB Shares |
15,00,000 (20%) |
|
NII (HNI) Shares |
11,25,000 (15%) |
|
bNII > ₹10L |
7,50,000 (10%) |
|
sNII < ₹10L |
3,75,000 (5%) |
|
Retail Shares |
26,25,000 (35%) |
Denta Water IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
50 |
₹14,700 |
|
Retail (Max) |
13 |
650 |
₹1,91,100 |
|
HNI (Min) |
14 |
700 |
₹2,05,800 |
Denta Water IPO Anchor Investors Details
|
Bid Date |
January 21, 2025 |
|
Shares Offered |
22,50,000 |
|
Anchor Portion Size (In Cr.) |
66.15 |
|
Anchor lock-in period end date for 50% shares (30 Days) |
February 26, 2025 |
|
Anchor lock-in period end date for remaining shares (90 Days) |
April 27, 2025 |
Denta Water IPO Promoter Holding
The promoters of the company are Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy and Hema HM.
|
Share Holding Pre-Issue |
100% |
|
Share Holding Post Issue |
- |
Key Performance Indicators for Denta Water IPO
As of March 31, 2024, the market capitalisation of Denta Water's IPO is ₹784.98 crore. Here are the KPIs of Denta Water:
|
KPI |
Value |
|
RoE (%) |
36.36 |
|
RoCE (%) |
76.99 |
|
RoNW (%) |
36.36 |
|
Debt/Equity (x) |
0.01 |
|
PAT Margin |
25.03 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
31.11 |
18.13 |
|
P/E (x) |
9.45 |
16.22 |
Note: The Pre-IPO EPS is calculated using the pre-issue shareholding as of the RHP date and the latest available earnings for the fiscal year ending March 31, 2024. The Post-IPO EPS is determined based on the post-issue shareholding and the annualized earnings for the fiscal year ending September 30, 2024, as stated in the RHP.
Denta Water IPO Prospectus
Denta Water IPO Registrar and Lead Managers
Denta Water IPO Lead Managers
- Smc Capitals Limited
Registrar for Denta Water IPO
Integrated Registry Management Services Private Limited
- Contact Number:044 - 28140801 to 28140803
- Email Address: vijayagopal@integratedindia.in
Denta WaterIPO Registrar
Financial Performance of Denta Water and Infra Solutions Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operation (in ₹ million) | 2,385.98 | 1,743.24 | 1,195.72 |
| Profit After Tax (PAT) (in ₹ million) | 597.25 | 501.12 | 383.37 |
| EPS (Earnings per Share in ₹) | 31.11 | 26.10 | 19.97 |
| Net Worth (in ₹ million) | 1,642.56 | 1,045.47 | 544.31 |
| Return on equity (%) | 36.36 | 47.93 | 70.43 |
| Return on capital employed (%) | 76.99 | 95.98 | 126.60 |
| EBITDA (₹ in million) | 823.76 | 683.83 | 518.74 |
| Return on Net-Worth (%) | 36.36 | 47.93 | 70.43 |
Know before investing
Strengths
8-
Denta Water has completed 32 water management projects for the Government of Karnataka.
-
Strong order book with ₹11,004.36 million in ongoing projects.
-
Technical expertise in groundwater recharge and lift irrigation projects.
-
Promoter with 38+ years of experience in the civil sector.
-
In-house team for designing and engineering water management projects.
-
Expanding operations to states like Gujarat, Maharashtra, and Uttar Pradesh.
-
Diversifying into infrastructure segments like railways and highways.
-
Focusing on sustainable water management solutions, including water reuse initiatives.
Risks
8-
Legal proceedings against promoters may impact business operations and finances.
-
Complaints filed against the company could affect its financial condition.
-
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.
-
Inability to secure new contracts may hinder growth and profitability.
-
Termination clauses in the Government of Karnataka contracts could adversely affect financial results.
-
High attrition rate of key personnel may disrupt operations and growth.
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Denta Water and Infra Solutions Limited Peer Details Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (₹) | RoNW (%) |
|---|---|---|---|---|
| Denta Water and Infra Solutions Limited | 31.11 | 31.11 | 85.55 | 36.36 |
| Va Tech Wabag Limited | 39.49 | 39.49 | 292.43 | 13.77 |
| EMS Limited | 29.38 | 29.38 | 143.73 | 19.13 |
Denta Water IPO FAQs
Denta Water IPO is a book-built issue IPO. It will be open from January 22, 2025, to January 24, 2025.
The Basis of Allotment will happen on Monday, January 27, 2025.
The IPO subscription window will open on January 22, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 50 shares.
The listing date for Denta Water Limited is Wednesday, January 29, 2025.
The issue size of the Denta Water IPO is up to ₹220.50 crore, with a complete fresh issue of ₹220.50 crore.
The open and close dates for Denta Water IPO are from January 22, 2025, to January 24, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Denta Water and Infra Solutions Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Denta Water IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Integrated Registry Management Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Denta Water Limited IPO is proposed to be listed on the Bombay Stock Exchange (BSE) the National Stock Exchange (NSE).
