Bookbuilding IPO | ₹221 Cr | Listed at BSE, NSE | Wed, Jan 22, 2025 - Fri, Jan 24, 2025
Denta Water IPO is a book build issue of ₹220.50 crores. The issue is entirely a fresh issue of 0.75 crore shares of ₹220.50 crore.
Denta Water IPO bidding started from Jan 22, 2025 and ended on Jan 24, 2025. The allotment for Denta Water IPO was finalized on Jan 27, 2025. The shares got listed on BSE, NSE on Jan 29, 2025.
Denta Water IPO price band is set at ₹294 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹14,700 (50 shares) (based on upper price). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,05,800, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,14,300.
SMC Capitals Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue.
Refer to Denta Water IPO RHP for detailed Information.
IPO Open
Wed, Jan 22, 2025
IPO Close
Fri, Jan 24, 2025
Issue Price
₹294 per share
Market Cap (Pre-IPO)
₹784.98 Cr
| IPO Date | 22 to 24 Jan, 2025 |
| Listed on | Wed, Jan 29, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹279 to ₹294 |
| Issue Price | ₹294 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 75,00,000 shares (agg. up to ₹221 Cr) |
| Fresh Issue | 75,00,000 shares (agg. up to ₹221 Cr) |
| Share Holding Pre Issue | 1,92,00,000 shares |
| Share Holding Post Issue | 2,67,00,000 shares |
| BSE Script Code / NSE Symbol | 544345 / DENTA |
| ISIN | INE0R4L01018 |
Denta Water IPO offers total 75,00,000 shares. Out of which 37,50,000 (50.00%) allocated to QIB, 15,00,000 (20.00%) allocated to QIB (Ex- Anchor), 11,25,000 (15.00%) allocated to NII 26,25,000 (35.00%) allocated to RII and 22,50,000 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 37,50,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 22,50,000 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,00,000 (20.00%) | NA |
| NII (HNI) Shares Offered | 11,25,000 (15.00%) | NA |
| − bNII > ₹10L | 7,50,000 (10.00%) | 1,071 |
| − sNII < ₹10L | 3,75,000 (5.00%) | 535 |
| Retail Shares Offered | 26,25,000 (35.00%) | 52,500 |
| Total Shares Offered | 75,00,000 (100.00%) |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | 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 | 3,400 | ₹9,99,600 |
| B-HNI (Min) | 69 | 3,450 | ₹10,14,300 |
Denta Water IPO raises ₹66.15 crore from anchor investors. Denta Water IPO Anchor bid date is January 21, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 21, 2025 |
| Shares Offered | 22,50,000 |
| Anchor Portion (₹ Cr.) | 66.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Feb 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Apr 27, 2025 |
Incorporated in 2016, Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company engaged in designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects.
The company has experience in water engineering and EPC services, the company specializes in infrastructure projects, including groundwater recharging through recycled water, addressing growing water solution demands.
The company has successfully executed major projects like 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, producing coffee, pepper, and cardamom. Additionally, it has a beach resort in Udupi, generating revenue through a facility management agreement.
Services: The company provides a comprehensive range of water management services like
As of November 30, 2024, the company has executed 32 water management projects 11 as the main contractor, 1 in a joint venture, and 20 as a sub-contractor. In addition, the company undertakes construction projects on railways and highways.
As of November 30, 2024, the company had 89 permanent employees.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 220.35 | 219.85 | 123.28 | 60.64 |
| Total Income | 98.51 | 241.84 | 175.75 | 119.64 |
| Profit After Tax | 24.20 | 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 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 150.00 |
| 2 | General corporate purposes | 45.34 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 36.36% |
| ROCE | 76.99% |
| Debt/Equity | 0.01 |
| RoNW | 36.36% |
| PAT Margin | 25.03% |
| Price to Book Value | 5.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 31.11 | 18.13 |
| P/E (x) | 9.45 | 16.22 |
| Promoter Holding | 100% | 71.91% |
| Market Cap | ₹784.98 Cr. |
The Denta Water IPO is subscribed 221.54 times on January 24, 2025 6:19:08 PM (Day 3). The public issue subscribed 90.38 times in the retail category, 236.94 times in the QIB category, and 507.07 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 236.94 | 15,00,000 | 35,54,07,600 |
| NII | 507.07 | 11,25,000 | 57,04,54,850 |
| bNII (bids above ₹10L) | 556.49 | 7,50,000 | 41,73,70,050 |
| sNII (bids below ₹10L) | 408.23 | 3,75,000 | 15,30,84,800 |
| Retail | 90.38 | 26,25,000 | 23,72,46,800 |
| Total | 221.54 | 52,50,000 | 1,16,31,09,250 |
Total Application : 41,10,651
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the BRLM (including brokerage, underwriting and selling commission) | 8.82 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer including brokerage, underwriting commission, selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 9.27 |
| 3 | Fees payable to the Registrar to the Issue | 0.93 |
| 4 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 2.01 |
| 5 | Printing and stationery expenses | 0.52 |
| 6 | Fees payable to Monitoring Agency | 0.51 |
| 7 | Fees payable to legal counsel | 0.85 |
| 8 | Advertising and marketing for the Issue | 1.70 |
| 9 | Miscellaneous | 0.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹294.00 | ₹294.00 |
| Open | ₹330.00 | ₹325.00 |
| Low | ₹325.05 | ₹325.00 |
| High | ₹346.45 | ₹341.25 |
| Last Trade | ₹346.45 | ₹341.25 |
Integrated Registry Management Services Pvt.Ltd.
Lead Manager Reports
Denta Water IPO is a main-board IPO of 75,00,000 equity shares of the face value of ₹10 aggregating up to ₹221 Crores. The issue is priced at ₹294 per share. The minimum order quantity is 50.
The IPO opens on Wed, Jan 22, 2025, and closes on Fri, Jan 24, 2025.
Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Denta Water IPO using UPI as a payment gateway. Zerodha customers can apply in Denta Water IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Denta Water IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Denta Water IPO opens on Wed, Jan 22, 2025 and closes on Fri, Jan 24, 2025.
Denta Water IPO lot size is 50, and the minimum amount required for application is ₹14,700.
You can apply in Denta Water IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Denta Water IPO will be done on Monday, January 27, 2025, and the allotted shares will be credited to your demat account by Tue, Jan 28, 2025. Check the Denta Water IPO allotment status.
The Denta Water IPO listing date is on Wed, Jan 29, 2025.
