Denta Water and Infra Solutions Limited, established in 2016 and headquartered in Bangalore, specializes in water infrastructure projects. The company offers comprehensive services, including design, installation, and management of water and irrigation systems, focusing on sustainability and groundwater recharge. Denta Water has played a crucial role in significant initiatives like the Jal Jeevan Mission and various lift irrigation projects across Karnataka.
With its IPO set to launch, Denta Water aims to further expand its operations and strengthen its position in the water management
Denta Water IPO Details & Tentative Schedule
| IPO Date | January 22, 2025 to January 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹279 to ₹294 per share |
| Lot Size | 50 Shares |
| Total Offer 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 | |
| Share Holding Pre Issue | 1,92,00,000 shares |
| Share Holding Post Issue | 2,67,00,000 shares |
| Listing | NSE and BSE |
| Registrar | Integrated Registry Management Services Private Limited |
| 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 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2025 |
Denta Water IPO Promoter Holdings
Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy and Hema HM are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Denta Water IPO Reservation
IPO Reservation Table
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
IPO Lot Size
| 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
Denta Water and Infra Solutions Limited specializes in water infrastructure projects, including water engineering, procurement, and construction (EPC) services. The company is known for its expertise in designing, installing, and managing water management systems, with a significant focus on sustainable water solutions, such as groundwater recharge using recycled water.
Key Features and Offerings
1.Water Infrastructure Expertise: Specializes in water management projects such as groundwater recharge, lift irrigation, and urban water supply systems.
2. EPC Services: Provides end-to-end solutions, including project design, planning, installation, and commissioning for large-scale infrastructure projects.
3.Sustainable Development Focus: Actively contributes to initiatives like the Jal Jeevan Mission and groundwater recharge projects to promote eco-friendly water solutions.
4. Diversified Portfolio: Apart from water projects, the company is involved in infrastructure development in railways and highways.
5. Technological Integration: Implements advanced techniques in water recycling and project execution for efficiency and sustainability.
Strategic Vision
Denta Water’s strategic vision is to lead in sustainable water infrastructure by delivering eco-friendly solutions, expanding into complementary sectors like railways and highways, and aligning with national initiatives like Jal Jeevan Mission.
Products Offered by Denta Water
1. Water Management Solutions: Groundwater recharge systems and lift irrigation projects for sustainable water usage.
2. Infrastructure Development: Construction of water pipelines, drainage systems, and projects in railways and highways.
3. Turnkey EPC Services: Comprehensive solutions covering design, planning, installation, and commissioning of projects.
4. Consultancy Services: Feasibility studies, project management, and operational support for water systems.
5. Sustainable Practices: Focus on water recycling and eco-friendly management practices to promote sustainability.
Strengths and Business Highlights
1. Sustainable Focus: Expertise in eco-friendly water management solutions, including groundwater recharge and recycled water use.
2. Diverse Portfolio: Projects spanning water infrastructure, lift irrigation, railways, and highways.
3. Proven Track Record: Successful execution of large-scale projects like the KC Valley Project and Jal Jeevan Mission initiatives.
4. Regional Leadership: Strong presence in Karnataka with impactful projects benefiting communities and industries.
5. Advanced EPC Capabilities: Comprehensive end-to-end solutions, from design to commissioning, ensuring timely and efficient project delivery.
6. Government Collaborations: Actively involved in national initiatives like Jal Jeevan Mission, contributing to India’s water accessibility goals.
7. Growth-Oriented Strategy: Expansion into diversified infrastructure sectors, creating new revenue streams and opportunities.
Objectives of the IPO
1. Working Capital Requirements: Fund ongoing and upcoming water infrastructure and EPC projects to meet growing demand.
2. General Corporate Purposes: Support business operations, enhance operational capacity, and fund strategic initiatives.
3. Public Listing Benefits: Enhance visibility, brand credibility, and access to capital markets for future growth.
Risks Involved
1. Project Execution Risks: Delays in project completion due to regulatory approvals, weather conditions, or supply chain issues.
2. Dependency on Government Projects: High reliance on government initiatives like Jal Jeevan Mission, which may be affected by policy changes.
3. Economic and Industry Risks: Vulnerability to economic slowdowns, changes in interest rates, or inflation affecting project costs.
4. Financial Risks: Dependence on timely project payments and managing working capital effectively.
Market Potential and Industry Overview
1. Growing Water Demand: Increasing water scarcity and urbanization are driving demand for efficient water management systems. India’s water infrastructure market is expected to grow significantly due to rising investments in sustainable solutions and government programs like the Jal Jeevan Mission and Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
2. Government Initiatives: Policies targeting rural and urban water supply infrastructure, including groundwater recharge and irrigation projects, provide substantial growth opportunities.
3. Sustainability Focus: Increasing focus on environmental sustainability and water recycling presents long-term opportunities for companies offering innovative and eco-friendly solutions.
4. Competitive Landscape: The sector features a mix of large players and niche companies, with competition driven by pricing, technological capabilities, and execution efficiency.
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Sep 2024 |
| Assets | 60.64cr | 123.28cr | 219.85cr | 220.35cr |
| Revenue | 119.64cr | 175.75cr | 241.84cr | 98.51cr |
| Profit After Tax | 38.34cr | 50.11cr | 59.73cr | 24.2cr |
| Net Worth | 54.43cr | 104.55cr | 164.26cr | 188.46cr |
| Reserves and Surplus | 49.63cr | 99.74cr | 145.06cr | 169.26cr |
| Total Borrowing | 1.15cr | 0.86cr | 0.71cr |
Key Performance Indicators
The market capitalization of Denta Water IPO is Rs 784.98 Cr.
Revenue Growth
| Financial Year | Value |
| FY 2021-22 | ₹42.93 crores |
| FY 2022-23 | ₹160.14 crores |
| FY 2023-24 | ₹233.45crores |
Profit After Tax (PAT)
| Financial Year | Value |
| FY 2021-22 | ₹3.46 crores |
| FY 2022-23 | ₹38.34 crores |
| FY 2023-24 | ₹50.11 crores |
Earnings Per Share (EPS)
| Financial Year | Value |
| FY 2021-22 | ₹0.18 |
| FY 2022-23 | ₹19.97 |
| FY 2023-24 | ₹26.10 |
Return on Equity (ROE)
| Financial Year | Value |
| FY 2021-22 | 13.02% |
| FY 2022-23 | 70.43% |
| FY 2023-24 | 47.93% |
Return on Capital Employed (ROCE)
| Financial Year | Value |
| FY 2021-22 | 22.85% |
| FY 2022-23 | 126.60% |
| FY 2023-24 | 95.98% |
Debt-to-Equity Ratio
| Financial Year | Value |
| FY 2021-22 | 0.02 |
| FY 2022-23 | No debt |
| FY 2023-24 | 0.01 |
These figures reflect the company’s strong capital efficiency, high returns for equity holders, and low leverage, making it financially robust.
Denta Water IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) | P/E(x) | RoNW (%) | P/BV Ratio | Financial Statements |
| Denta Water and Infra Solutions Limited | 31.11 | 31.11 | 85.55 | 36.36 | 3.46 | Consolidated | |
| Va Tech Wabag Ltd. | 39.49 | 39.49 | 292.43 | 38.41 | 13.77 | 5.19 | Consolidated |
| EMS Limited | 29.38 | 29.38 | 143.73 | 27.47 | 19.13 | 5.64 | Consolidated |
Denta Water IPO Prospectus
Denta Water Contact Details
Denta Water and Infra Solutions Limited
40, 3rd floor,
Sri Lakshminarayana Mansion, South End Road,
Basavanagudi, South Bangalore 560 004
Phone: +91-080-42106509
Email: cs@denta.co.in
Website: http://www.denta.co.in/
Denta Water IPO Registrar
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email: vijayagopal@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
Denta Water IPO Lead Manager(s)
1. Smc Capitals Limited
Denta Water Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 22-01-2025 | ₹294.00 | ₹150 | 5700/79800 | ₹444 (51.02%) | 22-01-2025 |
| 21-01-2025 | ₹294.00 | ₹165 | 6300/88200 | ₹449 (52.72%) | 21-01-2025 |
| 20-01-2025 | ₹294.00 | ₹165 | 6300/88200 | ₹459 (56.12%) | 20-01-2025 |
| 19-01-2025 | ₹294.00 | ₹145 | 5500/77000 | ₹439 (49.32%) | 19-01-2025 |
| 18-01-2025 | ₹294.00 | ₹145 | 5500/77000 | ₹439 (49.32%) | 18-01-2025 |
| 17-01-2025 | ₹294.00 | ₹45 | 1700/23800 | ₹339 (15.31%) | 17-01-2025 |
Frequently Asked Questions (FAQs)
1. What is Denta Water?
Denta Water and Infra Solutions Limited is a Bangalore-based company specializing in sustainable water infrastructure and EPC services, including groundwater recharge, lift irrigation, and urban water supply
2. What are the key details of the Denta Water IPO?
IPO Opening Date: January 22, 2025
IPO Closing Date: January 24, 2025
Price Band: ₹279 to ₹294 per share
Lot Size: 50 shares
Issue Size: 75,00,000 shares (aggregating up to ₹220.50 Cr)
3. How can I apply for the Denta Water IPO?
You can apply through:
ASBA (Applications Supported by Blocked Amount): via your bank’s net banking portal.
UPI (Unified Payments Interface): using stockbroking platforms such as Zerodha, Upstox, Groww, or Paytm Money.
4. When will the IPO allotment status be announced?
The allotment status will be available on the registrar’s website, usually within 7 working days after the IPO closes.
