The Denta Water IPO opens for subscription on January 22, 2025, and closes on January 24, 2025. The allotment date is finalized for January 27, 2025, with the shares listing on the BSE and NSE on January 29, 2025. This book-built issue aims to raise ₹220.50 crores, comprising a fresh issue of 0.75 crore equity shares.
The price band is set at ₹279 to ₹294 per share, with a minimum application lot size of 50 shares, requiring a retail investment of ₹14,700. For sNII investors, the minimum investment stands at ₹2,05,800 (14 lots), while for bNII investors, it is ₹10,14,300 (69 lots).
The Denta Water IPO allocates 50% of shares to Qualified Institutional Buyers (QIB), 15% to Non-Institutional Investors (HNI), and 35% to retail investors. The company reports a revenue of ₹241.84 crores for 2024, compared to ₹175.75 crores for 2023, with profits increasing from ₹50.11 crores in 2023 to ₹59.73 crores in 2024. With its strong financial performance and consistent growth, the Denta Water IPO is seen as a favorable opportunity for long-term investors.
Overview of Contents
Denta Water IPO Overview
| Details | Information |
|---|---|
| IPO Period | January 22, 2025 to January 24, 2025 |
| Tentative Listing Date | January 29, 2025 |
| Face Value per Share | ₹10 |
| Price Range | ₹279 to ₹294 per share |
| Minimum Investment Lot | 50 shares |
| Total Offering Size | 75,00,000 shares (₹220.50 crores) |
| Fresh Issue Size | 75,00,000 shares (₹220.50 crores) |
| Issue Structure | Book Built Issue IPO |
| Listing Exchanges | BSE, NSE |
| Pre-IPO Equity Shares | 1,92,00,000 shares |
| Post-IPO Equity Shares | 2,67,00,000 shares |
| Retail Investor Quota | 35% of the offering |
| Qualified Institutional Buyers (QIB) | 50% of the offering |
| Non-Institutional Investors (NII) | 15% of the offering |
| Minimum Retail Investment | ₹14,700 (50 shares) |
| Minimum Investment for sNII | ₹2,05,800 (700 shares) |
| Minimum Investment for bNII | ₹10,14,300 (3,450 shares) |
| Financial Year 2024 Revenue | ₹241.84 crores |
| Financial Year 2024 Profit | ₹59.73 crores |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click here |
Denta Water IPOÂ Lot Size
Investors can apply for the Denta Water IPO in multiples of 50 shares, with specific limits for retail and High Net Worth Investors (HNIs). The table below outlines the minimum and maximum investment requirements for each category, including the number of shares and the corresponding investment amount.
| Investor Category | Number of Lots | Shares | Investment Amount (₹) |
|---|---|---|---|
| Retail (Minimum) | 1 | 50 | 14,700 |
| Retail (Maximum) | 13 | 650 | 1,91,100 |
| Small HNI (Minimum) | 14 | 700 | 2,05,800 |
| Small HNI (Maximum) | 68 | 3,400 | 9,99,600 |
| Large HNI (Minimum) | 69 | 3,450 | 10,14,300 |
Denta Water IPO Timeline: Key Dates and Schedule
| Event Description | Scheduled Date |
|---|---|
| Opening Date for Bidding | Wednesday, January 22, 2025 |
| Closing Date for Bidding | Friday, January 24, 2025 |
| Allotment Date | Monday, January 27, 2025 |
| Refund Initiation | Tuesday, January 28, 2025 |
| Shares Transferred to Demat | Tuesday, January 28, 2025 |
| Listing Date on Exchanges | Wednesday, January 29, 2025 |
| UPI Mandate Confirmation Cut-Off | 5 PM on January 24, 2025 |
Denta Water IPO Reservation
| Category | Allocation Percentage |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% of the net issue |
| Retail Individual Investors (RII) | At least 35% of the net issue |
| Non-Institutional Investors (HNI) | At least 15% of the net issue |
Denta Water IPO: Promoter Shareholding Details
The promoters of Denta Water IPO include Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy, and Hema HM. The table below highlights the promoter shareholding percentages before and after the IPO:
| Shareholding Stage | Percentage |
|---|---|
| Pre-Issue Holding | 100.00% |
| Post-Issue Holding | To be updated |
About Denta Water IPO
Incorporated in 2016, Denta Water and Infra Solutions Limited is a rapidly growing company specializing in water management and infrastructure solutions. The company focuses on the design, installation, and commissioning of water management infrastructure projects, with a particular expertise in groundwater recharge projects.
It has successfully executed significant projects such as Byrapura, Hiremagaluru LIS, and KC Valley, contributing to Bengaluru’s wastewater management and supporting the Government’s Jal Jeevan Mission.
The company owns 98 acres of land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Additionally, it operates a beach resort in Udupi, which generates revenue through a facility management agreement.
Denta Water provides a wide range of services, including feasibility studies, project planning, design and engineering, turnkey projects, project management, and infrastructure maintenance.
Denta Water’s competitive strengths include its proven expertise in groundwater recharge and water management projects, an efficient business model, a strong order book, and a track record of timely project execution.
As of November 30, 2024, the company has completed 32 water management projects and employs 89 permanent staff. With the rising demand for water-related infrastructure solutions, Denta Water is well-positioned for long-term growth, making it a compelling choice for investors.
Denta Water IPO Company Financial Report
Denta Water and Infra Solutions Limited has demonstrated consistent growth in its financial performance over the years. The company’s assets, revenue, and net worth have shown significant improvements, reflecting its strong operational capabilities and business expansion. Below is the financial summary for the period ended September 30, 2024, and the last three fiscal years.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹220.35 Cr | ₹219.85 Cr | ₹123.28 Cr | ₹60.64 Cr |
| Revenue | ₹98.51 Cr | ₹241.84 Cr | ₹175.75 Cr | ₹119.64 Cr |
| Profit After Tax | ₹24.2 Cr | ₹59.73 Cr | ₹50.11 Cr | ₹38.34 Cr |
| Net Worth | ₹188.46 Cr | ₹164.26 Cr | ₹104.55 Cr | ₹54.43 Cr |
| Reserves and Surplus | ₹169.26 Cr | ₹145.06 Cr | ₹99.74 Cr | ₹49.63 Cr |
| Total Borrowing | ₹0.71 Cr | ₹0.86 Cr | ₹1.15 Cr | — |
Key Performance Indicators (KPI) of Denta Water and Infra Solutions
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 36.36% |
| Return on Capital Employed (ROCE) | 76.99% |
| EBITDA Margin | 33.17% |
| Profit After Tax (PAT) Margin | 25.03% |
| Debt-to-Equity Ratio | 0.01 |
| Earnings Per Share (EPS) | ₹31.11 (Basic) |
| Price-to-Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 36.36% |
| Net Asset Value (NAV) | ₹85.55 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| VA Tech Wabag | 39.49 | 38.41 | 13.77% | 292.43 | 2,856.4 Cr. |
| EMS Limited | 29.38 | 27.47 | 19.13% | 143.73 | 538.16 Cr. |
Objects of the IssueÂ
- To fulfill the company’s working capital needs.
- For general corporate purposes, in compliance with applicable regulations
Denta Water IPO Registrar
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email:Â vijayagopal@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
IPO Lead Managers aka Merchant Bankers
- Smc Capitals Limited
Company Address
Denta Water and Infra Solutions Limited
40, 3rd floor,
Sri Lakshminarayana Mansion, South End Road,
Basavanagudi, South Bangalore 560 004
Phone:Â +91-080-42106509
Email:Â cs@denta.co.in
Website:Â http://www.denta.co.in/
Frequently Asked Questions About Denta Water IPO
What is the purpose of raising funds through the Denta Water IPO?
The funds will be utilized to meet the company’s working capital requirements and for general corporate purposes, adhering to applicable laws.
What are the key dates for the Denta Water IPO?
The IPO opens on January 22, 2025, and closes on January 24, 2025.
What is the price band for the Denta Water IPO?
The price band is set between ₹279 to ₹294 per share.
What is the minimum lot size for retail investors?
Retail investors can bid for a minimum of 50 shares.
Where will the Denta Water shares be listed?
The shares will be listed on BSE and NSE.
Who are the promoters of Denta Water?
The promoters are Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy, and Hema HM.
What are the key financial metrics of the company?
Denta Water has a PAT margin of 25.03%, an ROE of 36.36%, and a debt-to-equity ratio of 0.01, reflecting strong financial performance.