Denta Water IPO: Check IPO Date, Live Subscription and Key Details
Denta Water and Infra Solutions Limited, established in 2016, is an emerging water and infrastructure solutions company into designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.The company has experience in water engineering and EPC services with specialisation in infrastructure projects in which there is a need to meet growing water solution demands through recharge of groundwater using recycled water.
Price Range
₹279.0 - ₹294.0
Issue Size
₹220.5 Cr
Lot Size
50 shares
IPO Type
Mainboard
GMP
₹73(+24.83%)
Est. Listing Price
₹367
Estimate Profit
₹3,650
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
18.13
P/E Ratio
16.22
RoNW
36.36%
ROE
36.36%
Debt to Equity
0.01
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Timeline
IPO Opens
22 Jan
IPO Closes
24 Jan
Allotment
27 Jan
Listing
29 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 22 January 2025 | Subscription starts |
| IPO Close Date | 24 January 2025 | Subscription ends |
| Allotment Date | 27 January 2025 | Allotment |
| Listing Date | 29 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,700 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,91,100 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,05,800 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,99,600 |
BHNIAbove ₹10,00,000 | 69 | ₹10,14,300 |
IPO Objectives
- Meeting the company's working capital requirements.
- General corporate purposes.
Strengths
- Denta Water has completed 32 water management projects for the Government of Karnataka.
- Technical expertise in groundwater recharge and lift irrigation projects.
- Promoter with 38+ years of experience in the civil sector.
Weaknesses
- 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.
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Financial Performance
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 220.35 | 219.85 | 123.28 | 60.64 |
| Revenue (₹ Cr.) | 98.51 | 241.84 | 175.75 | 119.64 |
| PAT (₹ Cr.) | 24.2 | 59.73 | 50.11 | 38.34 |
| Net Worth (₹ Cr.) | 188.46 | 164.26 | 104.55 | 54.43 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Denta Water Ltd. | 3.46 | 16.22 | 36.36% | 188.46 |
| Va Tech Wabag Ltd. | 5.19 | 38.41 | 13.77% | 1,824 |
| EMS Limited | 5.64 | 27.47 | 19.13% | 801 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.67x | 4.75x | 236.94x |
| NII | 36.4x | 128.68x | 507.05x |
| S-HNI | 42.61x | 136.59x | 408.16x |
| B-HNI | 33.29x | 124.72x | 556.49x |
| RII | 18.02x | 43.94x | 90.33x |
| Total | 17.29x | 50.9x | 221.52x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 15,00,000 | 35,54,07,600 | 10,448.98 |
| NII | 11,25,000 | 57,04,31,550 | 16,770.69 |
| Small NII | 3,75,000 | 15,30,61,500 | 4,500.01 |
| Big NII | 7,50,000 | 41,73,70,050 | 12,270.68 |
| RII | 26,25,000 | 23,71,23,050 | 6,971.42 |
| Total | 52,50,000 | 1,16,29,62,200 | 34,191.09 |
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Company Details
- Denta Water and Infra Solutions Limited
- 40, 3rd floor, Sri Lakshminarayana Mansion, South End Road, Basavanagudi, South Bangalore 560 004
- +91-080-42106509
- cs@denta.co.in
- http://www.denta.co.in/
Registrar Details
- Integrated Registry Management Services Private Limited
- 044 - 28140801 to 28140803
- vijayagopal@integratedindia.in
- https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
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