Denta Water launching a major IPO worth ₹220.50 crores. It includes a fresh issue of 0.75 crore shares valued at ₹220.50 crores to support the trust’s growth and infrastructure projects. This IPO is a strategic step to strengthen the trust’s capital base while allowing investors to join its promising infrastructure plans.
The IPO will be open for subscription from 22th January to 24th January 2025. Investors can bid within the price range of ₹279 to ₹294 per share. Applications must be made in multiples of 50 shares, with a minimum investment of ₹14,700 for retail investors. The well-planned bidding process and attractive pricing are likely to draw strong interest from both retail and institutional investors.
Check the current GMP of Denta Water IPO
Refer to Denta Water IPO RHP for detailed information.
Denta Water IPO Good or Bad to Apply
The company’s financials are strong, with consistent profit growth and a rising PAT. It has negligible borrowings, showing financial stability. Its competitive strengths include expertise in water management and groundwater recharge, in-house design and engineering capabilities, and a strong management team.
The current GMP is 49% even before the IPO has opened, indicating potential for good listing gains. You should apply for this IPO for strong listing returns. For long-term investors, this company has the potential to deliver 3X-5X returns. Short-term investors should apply as well but use a trailing stop loss to secure profits.
Denta Water IPO Details
| IPO Date | January 22, 2025 to January 24, 2025 | ||
| Listing Date | 29 January, 2025 | ||
| Face value | ₹10 per share | ||
| Price band | ₹279 to ₹294 per share | ||
| Lot size | 50 Shares | ||
| Total Issue Size | 75,00,000 shares (aggregating up to ₹220.50 Cr) | ||
| Fresh Issue | 75,00,000 shares (aggregating up to ₹ 220.50 Cr) | ||
| Offer for Sale | 0 | ||
| Issue Type | Book Built Issue IPO | ||
| Listing At | BSE, NSE |
Denta Water IPO Lot Size calculator
| Application | Lots | Share | Amount |
| Retail (Min) | 1 | 50 | ₹14,700 |
| Retail (Max) | 13 | 650 | ₹1,91,100 |
| S-HNI (Min) | 14 | 700 | ₹2,05,800 |
| S-HNI (Max) | 68 | 3400 | ₹9,99,600 |
| BS-HNI | 69 | 3450 | ₹10,14,300 |
Denta Water IPO Distribution
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
About Denta Water Company
Denta Water and Infra Solutions Limited, founded in 2016, is a fast-growing company specializing in water and infrastructure solutions. It focuses on designing, installing, and managing water management projects, with expertise in groundwater recharge initiatives.
The company has extensive experience in water engineering and EPC (Engineering, Procurement, and Construction) services. It handles infrastructure projects like recycling water for groundwater recharge, meeting the increasing demand for water solutions.
Some of its major successful projects include Byrapura, Hiremagaluru LIS, and KC Valley, which have significantly improved Bengaluru’s wastewater management and supported the Government’s Jal Jeevan Mission.
Denta Water also owns 98 acres of land in Madikeri, Karnataka, where it grows coffee, pepper, and cardamom. Additionally, it operates a beach resort in Udupi, generating income through a facility management agreement.
Services Offered
The company provides a wide range of water management services, including:
- Initial investigations and surveys
- Feasibility studies
- Project planning and formulation
- Field surveys and soil testing
- Design and engineering services
- Consultancy for tender bidding
- Project management and construction supervision
- Guidelines for operation and maintenance
- Engineering procurement consultancy
- Turnkey project execution
As of November 30, 2024, the company has completed 32 water management projects: 11 as the main contractor, 1 in a joint venture, and 20 as a subcontractor. It also takes on construction projects for railways and highways.
The company has 89 permanent employees as of November 30, 2024.
Competitive Strengths
- Proven expertise in water management and groundwater recharge projects
- In-house capabilities for designing and engineering water infrastructure
- Strong and experienced management team
- Robust order book with consistent project inflow
- Track record of completing projects on time
- An efficient business model that drives growth and profitability
Denta Water Company Finances
As of September 30, 2024, Denta Water and Infra Solutions Limited has shown strong financial growth. Its total assets rose to ₹220.35 crore from ₹219.85 crore on March 31, 2024, and ₹123.28 crore in March 2023, highlighting steady expansion. Revenue for the half-year ended September 2024 stood at ₹98.51 crore, contributing to a robust Profit After Tax (PAT) of ₹24.2 crore. The company’s net worth increased to ₹188.46 crore, supported by reserves and surplus of ₹169.26 crore. Notably, total borrowing remained minimal at ₹0.71 crore, reflecting a strong financial position and effective debt management.
Amount in ₹ Crore
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 220.35 | 219.85 | 123.28 | 60.64 |
| Revenue | 98.51 | 241.84 | 175.75 | 119.64 |
| Profit after tax | 24.2 | 59.73 | 50.11 | 38.34 |
| Net Worth | 188.46 | 164.26 | 104.55 | 54.43 |
| Reserves and Surplus | 169.26 | 145.06 | 99.74 | 49.63 |
| Total Borrowing | 0.71 | 0.86 | 1.15 | 0 |
How to Increase the Chances of Getting IPO Allotment
To increase your chances of getting an IPO allotment, follow a few smart steps. Always apply using the ASBA (Application Supported by Blocked Amount) method through your bank or broker. Submit your application early to avoid last-minute issues…. read more
Denta Water IPO Prospectus
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