Denta Water & Infra Solutions IPO
Bookbuilding IPO | ₹221.00 Cr | Listing at BSE, NSE
IPO Open
Wed, Jan 22, 2025
IPO Close
Fri, Jan 24, 2025
Price Band
₹279.00 to ₹294.00
Market Cap (Pre-IPO)
₹784.98 Cr
IPO Details
| IPO Date | Jan 22, 2025 to Jan 24, 2025 |
| Listing Date | Tentative: Jan 29, 2025 |
| Face Value | ₹10.00 per share |
| Price Band | ₹279.00 to ₹294.00 |
| Lot Size | 50 Shares (Minimum: ₹14,700.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹221.00 Crores |
| Total Shares Offered | 7,500,000 shares |
| Offer For Sale | 7,500,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 236.94x |
| NII | 507.07x |
| RII | 90.38x |
| Total | 221.54x |
Denta Water & Infra Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 37,50,000 (50.00%) |
| Retail Shares Offered | 26,25,000 (35.00%) |
| NII Shares Offered | 11,25,000 (15.00%) |
Denta Water & Infra Solutions IPO Lot Size
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 | ₹191,100 |
| S-HNI (Min) | 14 | 700 | ₹205,800 |
| S-HNI (Max) | 68 | 3,400 | ₹999,600 |
| B-HNI (Min) | 69 | 3,450 | ₹1,014,300 |
Denta Water & Infra Solutions Financial Information (Restated Consolidated)
| 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 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 |
Amount in ₹ Cr
Key Performance Indicators
As of Friday, March 31, 2023| KPI | Values |
|---|---|
| ROE (Return on Equity) | 36.36% |
| ROCE (Return on Capital Employed) | 76.99% |
| Debt/Equity | 0.01 |
| RoNW (Return on Net Worth) | 36.36% |
| PAT Margin (Profit After Tax Margin) | 25.03% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 5.01 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 31.11 | 18.13 |
| P/E (x) | 9.45 | 16.22 |
| Promoter Holding | 100.00% | 71.91% |
Company Promoters
- Sowbhagyamma
- Sujith TR
- C Mruthyunjaya Swamy and Hema HM are the promoters of the company.
Company Overview
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
- Preliminary investigations and reconnaissance
- Feasibility studies
- Planning and project formulation
- Field surveys and soil testing
- Design services
- Tender bidding consultancy
- Project management and construction supervision
- Operation and maintenance guidelines
- Engineering procurement consultancy
- Turnkey projects
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.
Company Strengths
- Established expertise in water management projects with special focus on groundwater recharging
- In-house expertise in designing and engineering of water management infrastructure projects
- Strong Management Team
- Strong order book
- Established track record for timely execution
- Efficient Business Model
Use of Proceeds
| 1) | To meet the working capital requirements | 150.00 |
| 2) | General corporate purposes | 45.34 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Denta Water & Infra Solutions IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Denta Water and Infra Solutions Limited | 31.11 | 31.11 | 85.55 | 0.00 | 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 |
Quick Info
| Sector | Water Infrastructure, Civil Construction, and Engineering Services |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹784.98 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 22, 2025 |
| IPO Close | Jan 24, 2025 |
| Allotment Date | Jan 27, 2025 |
| Credit to Demat | Jan 28, 2025 |
| Listing Date | Tentative: Jan 29, 2025 |
Lead Manager(s)
SMC Capitals Ltd.
Registrar
Integrated Registry Management Services Pvt.Ltd.
044 - 28140801 to 28140803
vijayagopal@integratedindia.in
https://www.integratedregistry.in/RegistrarsToSTANew.aspx?OD=2
Description
- 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.