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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 ₹294.00 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 Date | January 22, 2025 to January 24, 2025 |
| Listing Date | January 29, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹279 to ₹294 per share |
| Issue Price Final | ₹294 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 75,00,000 shares (aggregating up to ₹220.50 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,92,00,000 shares |
| Share Holding Post Issue | 2,67,00,000 shares |
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 | Maximum 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%) |
Denta Water IPO raises ₹66.15 crore from anchor investors. Denta Water IPO Anchor bid date is January 21, 2025. Denta Water IPO Anchor Investors list
| Bid Date | January 21, 2025 |
| Shares Offered | 22,50,000 |
| Anchor Portion Size (In Cr.) | 66.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 27, 2025 |
Denta Water IPO opens on January 22, 2025, and closes on January 24, 2025.
| IPO Open Date | Wed, Jan 22, 2025 |
| IPO Close Date | Fri, Jan 24, 2025 |
| Tentative Allotment | Mon, Jan 27, 2025 |
| Initiation of Refunds | Tue, Jan 28, 2025 |
| Credit of Shares to Demat | Tue, Jan 28, 2025 |
| Tentative Listing Date | Wed, Jan 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 24, 2025 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 24.2 | 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 | |
| Amount in ₹ Crore | ||||
The market capitalization of Denta Water IPO is ₹784.98 Cr.
KPI as of Fri, Mar 31, 2023.
| KPI | Values |
|---|---|
| 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 Rs | 31.11 | 18.13 |
| P/E (x) | 9.45 | 16.22 |
The Company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
[Dilip Davda] The company is an EPC service provider for ground water recharging segment and has created a niche place. It marked steady growth in its top and bottom lines for the reported periods. As of November 30, 2024, it had an order book worth Rs. 752+ cr. with over 95% revenue from ground water related contracts. This segment has many local players and all are equally doing well. Well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | January 29, 2025 |
| BSE Script Code | 544345 |
| NSE Symbol | DENTA |
| ISIN | INE0R4L01018 |
| Final Issue Price | ₹294 per share |
| NSE Listing Group | BE |
| BSE Listing Group | B |
Denta Water & Infra Solutions Ltd.
40, 3rd floor,
Sri Lakshminarayana Mansion, South End Road,
Basavanagudi, South Bangalore 560 004
Bangalore Urban, Karnataka
Phone: +91-080-42106509
Email: cs@denta.co.in
Website: http://www.denta.co.in/
Integrated Registry Management Services Pvt.Ltd.
Phone: 044 - 28140801 to 28140803
Email: vijayagopal@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
Denta Water IPO is a main-board IPO of 75,00,000 equity shares of the face value of ₹10 aggregating up to ₹220.50 Crores. The issue is priced at ₹294 per share. The minimum order quantity is 50.
The IPO opens on January 22, 2025, and closes on January 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 January 22, 2025 and closes on January 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 Tuesday, January 28, 2025. Check the Denta Water IPO allotment status.
The Denta Water IPO listing date is on Wednesday, January 29, 2025.
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