Denta Water and Infra Solutions IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: When will Denta Water and Infra Solutions Ltd's IPO open for subscription?

The IPO subscription window is not announced yet .

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO is yet to be announced .

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Upto 7,500 equity shares

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

About Denta Water and Infra Solutions Ltd

Established in 2016, Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company engaged in the design, installation and commissioning of water management infrastructure projects with expertise in groundwater recharge projects. In addition, they also undertake construction projects in the field of railways and highways.

Their notable achievements include pivotal projects like the Byrapura and Hiremagaluru LIS Project, Karagada LIS Project, and others, primarily executed through lift irrigation systems. Notably, Denta Water played a substantial role in the first phase of the KC Valley project for wastewater treatment in Bengaluru and the government’s Jal Jeevan Mission.

They are awarded contracts through a transparent, competitive bidding process undertaken by the State and Central Governments. Further, they also undertake contracts as sub-contractors from various private parties. They participate in tenders for infrastructure projects for groundwater recharging, lift irrigation, infrastructure for supplying drinking water to various habitations under the “Jal Jeevan Mission”, etc.

The Indian water and wastewater treatment market revenue is estimated to expand at a CAGR of 6.08% from FY 2023 to FY 2030. A company like Denta Water, which has expertise in this sector, will have a chance for growth in the future.

Denta Water and Infra Solutions Ltd IPO Details

Denta Water and Infra Solutions Ltd IPO Dates

The dates for bidding for the Denta Water and Infra Solutions IPO are yet to be announced.

Denta Water and Infra Solutions Ltd IPO Price Band

Denta Water and Infra Solutions is a book built IPO. The exact price is yet to be announced.

Denta Water and Infra Solutions Ltd IPO Lot Size

The Denta Water and Infra Solutions Ltd IPO lot size is not announced yet.

Denta Water and Infra Solutions Ltd IPO Objectives

The proceeds from the fresh issue will be used for:

Meeting the company's working capital requirements.
General corporate purposes.

Peer Details

The following is a listed peer company of Denta Water and Infra Solutions in India:

VA Tech Wabug
EMS Ltd

How To Check the Allotment Status of the Denta Water and Infra Solutions Ltd 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.

Contact Details of Denta Water and Infra Solutions Ltd

Registered office: # 40, 3rd Floor, Sri Lakshminarayana Mansion, South End Road, Basavanagudi Bangalore, South Bangalore- 560 004 Karnataka, India

Phone: +91-080-42106509

E-mail: cs@denta.co.in

IPO Financials

Particulars	Year Ending on March 31, 2023	Year ending on March 31, 2022	Year ending on March 31, 2021
Total Income	1,757.47	1,196.35	320.71
Total Comprehensive Income	501.16	383.38	111.02
Return on Capital Employed Ratio	0.64	0.95	0.88
Current Ratio	4.47	8.52	1.39

Know before investing

Strengths

Denta Water has proven expertise in water management projects, focusing on groundwater recharging. For example, since incorporation, they have completed 27 water management infrastructure projects for the Government of Karnataka.
They have an internal engineering team with core competencies in water treatment. However, they give out subcontracts for associated works in order to maintain an asset-light model.
They are in a growth phase as they are looking to expand into other geographies such as Gujarat, Madhya Pradesh, Maharashtra and Uttar Pradesh to unearth additional opportunities beyond the confines of Karnataka.

Risks

As of October 31, 2023, 69.68% of their order book is contributed by government clients. They rely heavily upon state governments, particularly the government of Karnataka and other entities like municipal corporations in the state of Karnataka. As a result, many of their projects are often subject to delays and other bureaucratic issues.
Their revenue is generated from projects awarded to them occasionally via competitive bidding. The timing of awards for such projects is thus unpredictable and outside of their control.
They do not have long-term agreements with their suppliers of construction materials. Any increase in the cost or decrease in supply in the availability of, such construction materials could have an adverse effect on their business and the results of operations.