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Denta Water & Infra Solutions Ltd

Construction

Offer Period :

22nd to 24th Jan 2025

Denta Water & Infra Solutions Ltd IPO Details

IPO Date 22nd to 24th Jan 2025 Minimum Investment ₹14700 / 1 Lots
Listing Date 2025-01-29 Maximum Investment ₹191100 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹220.5 Crores
Price ₹294 to ₹294 per share Fresh Issue ₹220.5 Crores
Lot Size 1 Lots (50 Shares) Offer For Sale ₹ [-]
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 19200000 Shares
Issue Type Book Building Shareholding Post Issue 26700000 Shares
IPO Date 22nd to 24th Jan 2025
Listing Date 2025-01-29
Face Value ₹10 per share
Price ₹294 to ₹294 per share
Lot Size 1 Lots (50 Shares)
Listing At BSE, NSE
Total Issue Size ₹220.5 Crores
Employee Discount ₹0 per share
Issue Type Book Building
Minimum Investment ₹14700 / 1 Lots
Maximum Investment ₹191100 / 13 Lots
Fresh Issue ₹220.5 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 19200000 Shares
Shareholding Post Issue 26700000 Shares

About Denta Water & Infra Solutions Ltd IPO

Founding Head: 2016

Managing Director: Manish Shetty

DENTA WATER AND INFRA SOLUTIONS LIMITED Timeline

Important dates for allocation and IPO listing.

22nd Jan

IPO Opens

24th Jan

IPO Close

27th Jan

Allotment Date

28th Jan

Initiation of Refund

28th Jan

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 71.91
Public Group 0 28.09

Denta Water & Infra Solutions Ltd IPO Reservation

QIB Shares Offered 1500000(20%)
NII (HNI) Shares Offered 1125000(15%)
Retail Shares Offered 2625000(35%)
Anchor Investor Shares Offered 2250000(30%)
Total Shares Offered 7500000
Total Shares With Anchor Investor 7500000

Denta Water & Infra Solutions Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 50 ₹14700
Retail (Max) 13 650 ₹191100
S HNI (Min) 14 700 ₹205800
S HNI (Max) 68 3400 ₹999600
B HNI (MIN) 69 3450 ₹1014300

Denta Water & Infra Solutions Ltd IPO Anchor Investor Details

Bid Date 21 January 2025
Shares Offered 22,50,000
Anchor Portion Size 66.15

Denta Water & Infra Solutions Ltd IPO Registrar

Integrated Registry Mgt Ser.Pv
Phone Number 080-23460815/816/817/818
Email Id vijayagopal@integratedindia.in
Our Website www.integratedindia.in

Denta Water & Infra Solutions Ltd IPO Lead Manager

1. SMC Capitals Ltd

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Denta Water & Infra Solutions Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹164.24 ₹104.29 ₹54.43
Reserves and Surplus ₹145.04 ₹99.49 ₹49.63
Total Borrowing ₹0.86 ₹1.15 ₹0

Denta Water & Infra Solutions Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 1500000 355407600 236.9384
Non Institutional Investors (NIIs) 1125000 570683300 507.274
NII(Bid amount of more than Ten Lakh Rupees) 750000 417370050 556.4934
NII(Bid amount of more than 2 Lakh < 10 Rupees) 375000 153313250 408.8353
Retail Individual Investors (RIIs) 2625000 237727200 90.5627
Total 5250000 1163818100 221.6796

Strength of Denta Water & Infra Solutions Ltd

1. Established expertise in water management projects with special focus on ground water recharging.

2. Expertise in in-house designing and engineering of water management infrastructure projects.

3. Strong management team.

4. Strong order book.

5. Established track record for project execution.

6. Efficient business model.

Risks Involved

1. In the past, one of its Promoters, C Mruthyunjaya Swamy, in the capacity as a secretary of the Public Works Department, Karnataka, has been subjected to enquiry by the Lokayukta Police, Bangalore ("Lokayukta") and initiation of certain legal proceedings by the Enforcement Directorate against him, which was subsequently disposed off. Although Mr. C Mruthyunjaya Swamy is currently retired from the services of Government of Karnataka, there is no assurance that legal proceedings will not be reopened by Lokayukta or any other relevant authority against him. Any further development in the above-mentioned legal proceedings or other authorities may adversely affect its business, results of operations and financial condition.

2. Certain untraceable persons have filed complaints with SEBI and other authorities against the Company and its Promoter, C Mruthyunjaya Swamy, with allegations including indulging in corrupt practices, misusing of authority by its Promoter while being in public service and influencing the government officers in awarding the contracts to the Company, among others. There is no assurance that the Company or SEBI or other authorities does not receive similar complaints in future. Any further development in similar complaints filed with SEBI or other authorities may adversely affect its business, results of operations and financial condition.

3. Its revenue contribution from government clients has increased from 18.25% in FY 2023 to 63.40% as of FY 2024, and the company currently relies substantially on its government clients for the company revenues.

4. The Company relies heavily on the Government of Karnataka for its business. 83.98% of its revenue from operations in six months period ended September 30, 2024, is from Government of Karnataka.

5. Delays in completion of its current and future projects and time overrun could have adverse effect on its business prospects and results of operations.

6. The company is significantly dependent on the procurement of projects. Its revenue and earnings are dependent upon award of new contracts which the company cannot directly control. If its fail to secure new contracts on a continual basis, the company operating results may be materially and adversely affected, and its may be unable to secure projects or maintain the company growth it may impact the company profitability and subsequently its revenues, and business operations.

7. Contracts awarded by the Government of Karnataka ("GoK') may provide GoK with the right to terminate the contract for convenience, without any reason which may impact its business operations, profitability and results of operations.

8. There is an outstanding litigation against its Promoter, Sowbhagyamma. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect its business, results of operations and financial condition.

9. The immediate relatives of its promoters, who are deemed to be a part of the Promoter Group under the SEBI ICDR Regulations have not provided consent, information or any confirmations or undertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Red Herring Prospectus.

10. The company has experienced high attrition rate in respect of its Directors and Key Managerial Personnel. In particular, two Chief Financial Officers have resigned in the past one year. Its may not be able to retain such persons in future which could adversely affect the company business, results of operations, financial conditions and cash flows.

Why should you invest in

-

Denta Water & Infra Solutions Ltd Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 219.85 123.28 60.64
Total Liabilities 219.85 123.28 60.64
Total Expenses 160.45 107.83 67.85
Total Revenue 
241.84 175.75 119.64
Profit After Tax 59.72 50.11 38.34
EBITDA 82.38 68.38 51.87
Adjusted EBITDA 0 0 0

DENTA WATER AND INFRA SOLUTIONS LIMITED IPO Contact Details

Denta Water & Infra Solutions Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2025-01-29 544345 DENTA
INE0R4L01018
₹294 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹294 ₹294
Open ₹330 ₹325
Low ₹325.05 ₹325
High ₹346.45 ₹341.25
Low ₹325.05 ₹325

Frequently Asked Questions

What is Denta Water & Infra Solutions Ltd IPO?

Answer Field

Denta Water & Infra Solutions Ltd IPO is a Mainboard IPO of 75,00,000 equity shares of a face value of ₹10 aggregating up to ₹220.5 Crores. The issue is priced at ₹294 to ₹294 per share. The minimum order quantity is 50 Shares. The IPO opens on January 22, 2025, and closes on January 24, 2025. Integrated Registry Mgt Ser.Pv is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Denta Water & Infra Solutions Ltd IPO will open?

Answer Field

The Denta Water & Infra Solutions Ltd IPO opens on January 22, 2025 and closes on January 24, 2025.

What is the lot size of Denta Water & Infra Solutions Ltd?

Answer Field

Denta Water & Infra Solutions Ltd lot size is 50 shares, and the minimum amount required is ₹14,700.

How to apply for Denta Water & Infra Solutions Ltd IPO?

Answer Field

You can apply in Denta Water & Infra Solutions Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Denta Water & Infra Solutions Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Denta Water & Infra Solutions Ltd IPO will be done on January 27, 2025, and the allotted shares will be credited to your demat account by January 28, 2025.

When is Denta Water & Infra Solutions Ltd IPO listing date?

Answer Field

The Denta Water & Infra Solutions Ltd listing date is January 29, 2025.

Who is the registrar of Denta Water & Infra Solutions Ltd IPO?

Answer Field

The registrar of Denta Water & Infra Solutions Ltd IPO is Integrated Registry Mgt Ser.Pv

Which company is the book-running lead manager of the IPO?

Answer Field

SMC Capitals Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Denta Water & Infra Solutions Ltd IPO?

Answer Field

The fresh issue size is ₹220.5 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Denta Water & Infra Solutions Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 50 shares and ₹14,700 amount.

How can I approve the UPI mandate request for Denta Water & Infra Solutions Ltd IPO?

Answer Field

To apply for Denta Water & Infra Solutions Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Denta Water & Infra Solutions Ltd?

Answer Field

The price of each Denta Water & Infra Solutions Ltd share will be ranging in between ₹294 to ₹294 per share.

What is the cut-off time for the UPI mandate for Denta Water & Infra Solutions Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 24, 2025.

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