The Denta Water IPO is a book-built issue with a total size of ₹220.50 crores, consisting entirely of a fresh issue of 0.75 crore equity shares. The IPO will open for subscription on January 22, 2025, and close on January 24, 2025. The allotment is expected to be finalized on Monday, January 27, 2025, with the shares listing tentatively scheduled for Wednesday, January 29, 2025, on both BSE and NSE.
The price band for the Denta Water IPO is set at ₹279 to ₹294 per share. Investors can apply for a minimum lot of 50 shares, requiring a minimum investment of ₹14,700 for retail investors. For sNII (Small Non-Institutional Investors), the minimum application size is 14 lots (700 shares), amounting to ₹2,05,800, while bNII (Big Non-Institutional Investors) must apply for at least 69 lots (3,450 shares), which requires ₹10,14,300.
SMC Capitals Limited is the book-running lead manager for the issue, and Integrated Registry Management Services Private Limited is the registrar. For more detailed information, refer to the Denta Water IPO RHP (Red Herring Prospectus).
Denta Water IPO Details
IPO Date | January 22, 2025 to January 24, 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) |
Issue Type | Book Built Issue 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 Timeline
The Denta Water IPO will open for subscription on January 22, 2025, and close on January 24, 2025.
IPO Open Date | Wednesday, January 22, 2025 |
IPO Close Date | Friday, January 24, 2025 |
Basis of Allotment | Monday, January 27, 2025 |
Initiation of Refunds | Tuesday, January 28, 2025 |
Credit of Shares to Demat | Tuesday, January 28, 2025 |
Listing Date | Wednesday, January 29, 2025 |
Denta Water IPO Reservation
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 |
Denta Water IPO Lot Size
Investors are required to bid for a minimum of 50 shares and in multiples of 50 thereafter. The following table highlights the minimum and maximum investment limits for retail investors and High Net-worth Individuals (HNIs), detailing the number of shares and the corresponding investment amounts:
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 |
About Denta Water and Infra Solutions Limited
Incorporated in 2016, Denta Water and Infra Solutions Limited is a fast-growing company specializing in water and infrastructure solutions. The company focuses on designing, installing, and commissioning water management infrastructure projects, with a core expertise in groundwater recharge initiatives.
With extensive experience in water engineering and EPC (Engineering, Procurement, and Construction) services, Denta Water addresses the increasing demand for sustainable water solutions. Its capabilities extend to developing infrastructure projects, including groundwater recharging through recycled water, ensuring environmentally responsible practices.
Key Projects and Achievements
Denta Water has successfully executed notable projects such as Byrapura, Hiremagaluru LIS, and KC Valley, which have significantly contributed to Bengaluru’s wastewater management systems and aligned with the Government of India’s Jal Jeevan Mission.
Diversified Operations
The company owns 98 acres of agricultural land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Additionally, it operates a beach resort in Udupi, which generates revenue through a facility management agreement, showcasing its diversified business model.
Comprehensive Services
Denta Water offers an extensive range of water management and infrastructure services, including:
- Preliminary Investigations and Reconnaissance: Assessing project feasibility and potential.
- Feasibility Studies: Detailed analysis of project viability.
- Planning and Project Formulation: Structuring comprehensive project plans.
- Field Surveys and Soil Testing: Conducting groundwork assessments.
- Design Services: Developing technical designs for water infrastructure.
- Tender Bidding Consultancy: Assisting clients in competitive bidding.
- Project Management and Construction Supervision: Ensuring efficient project execution.
- Operation and Maintenance Guidelines: Providing long-term maintenance strategies.
- Engineering Procurement Consultancy: Streamlining procurement processes.
- Turnkey Projects: Delivering end-to-end solutions.
As of November 30, 2024, Denta Water has executed 32 water management projects. These include 11 as the main contractor, one in a joint venture, and 20 as a subcontractor. The company also undertakes construction projects related to railways and highways, further broadening its expertise in infrastructure development.
Workforce and Team
As of November 30, 2024, the company employs 89 permanent staff members, underscoring its commitment to a skilled and dedicated workforce.
Competitive Strengths
Denta Water stands out in the industry due to its:
- Proven expertise in water management projects, with a focus on groundwater recharge.
- In-house capabilities for designing and engineering water infrastructure.
- Strong management team driving growth and innovation.
- Robust order book showcasing a steady pipeline of projects.
- Established track record for timely project execution.
- Efficient and scalable business model.
Denta Water and Infra Solutions Limited continues to build on its strengths, delivering sustainable and innovative solutions to meet the growing demands for water and infrastructure management.
FAQs About Denta Water IPO
What is the Denta Water IPO?
The Denta Water IPO is the initial public offering of equity shares by Denta Water and Infra Solutions Limited. It is a book-built issue aimed at raising funds for business expansion, repayment of borrowings, and general corporate purposes.
When will the Denta Water IPO open and close for subscription?
The Denta Water IPO will open for subscription on January 22, 2025, and close on January 24, 2025.
What is the price band for the Denta Water IPO?
The price band for the Denta Water IPO is set at ₹279 to ₹294 per share.
What is the lot size for the Denta Water IPO?
The minimum lot size for the Denta Water IPO is 50 shares. Retail investors must invest a minimum of ₹14,700.
Where will the Denta Water IPO be listed?
The equity shares of the Denta Water IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
What are the key competitive strengths of Denta Water as highlighted in the Denta Water IPO?
Denta Water’s competitive strengths include its expertise in water management projects, a strong management team, an efficient business model, and a proven track record of timely project execution.
Who are the key stakeholders managing the Denta Water IPO?
SMC Capitals Limited is the book-running lead manager for the Denta Water IPO, and Integrated Registry Management Services Private Limited is the registrar.
What is the tentative allotment and listing date for the Denta Water IPO?
The allotment for the Denta Water IPO is expected to be finalized on January 27, 2025, with a tentative listing date of January 29, 2025.
What are the objectives of the Denta Water IPO?
The funds raised through the Denta Water IPO will primarily be used for business expansion, repayment of debts, working capital requirements, and other corporate purposes.