- Denta Water IPO opens on January 22, 2025, and closes on January 24, 2025.
- Price band for the IPO is ₹279 to ₹294 per share.
- Retail investors can apply for a minimum of 50 shares at ₹14,700.
- The IPO proceeds will support the company’s working capital needs and other corporate purposes.
Denta Water and Infra Solutions Limited is set to raise ₹220.50 crores through its Initial Public Offering (IPO), which consists entirely of a fresh issue of 75,00,000 shares. The IPO will open for subscription on January 22, 2025, and close on January 24, 2025. The allotment for the Denta Water IPO is expected to be finalized by January 27, 2025, with a tentative listing on BSE and NSE on January 29, 2025.
The IPO price band has been set at ₹279 to ₹294 per share. Retail investors can apply for a minimum lot size of 50 shares, amounting to an investment of ₹14,700. The issue also provides opportunities for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and High Net-Worth Individuals (HNIs) with varying lot sizes and corresponding investments.
Denta Water IPO Details
| Detail | Information |
|---|---|
| IPO Date | January 22, 2025 to January 24, 2025 |
| Listing Date | January 29, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹279 to ₹294 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 75,00,000 shares (₹220.50 Cr) |
| Fresh Issue | 75,00,000 shares (₹220.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 1,92,00,000 shares |
| Shareholding Post-Issue | 2,67,00,000 shares |
Denta Water IPO Subscription Tentative Timeline
| Event | Date |
|---|---|
| IPO Open Date | January 22, 2025 |
| IPO Close Date | January 24, 2025 |
| Basis of Allotment | January 27, 2025 |
| Refund Initiation | January 28, 2025 |
| Credit of Shares | January 28, 2025 |
| Listing Date | January 29, 2025 |
Denta Water IPO Pricing & Lot Size
| Investor Category | Lot Size (Shares) | Amount (₹) |
|---|---|---|
| Retail (Min) | 50 | ₹14,700 |
| Retail (Max) | 650 | ₹1,91,100 |
| S-HNI (Min) | 700 | ₹2,05,800 |
| S-HNI (Max) | 3,400 | ₹9,99,600 |
| B-HNI (Min) | 3,450 | ₹10,14,300 |
Denta Water Overview
Founded in 2016, Denta Water and Infra Solutions specializes in water management infrastructure, particularly focusing on groundwater recharge projects. The company offers a wide range of services, including project planning, design, construction, and management for water conservation projects, which play a crucial role in addressing India’s water challenges.
Notable projects executed by Denta Water include wastewater management for Bengaluru and supporting the Jal Jeevan Mission. Additionally, Denta Water owns land in Karnataka for agricultural production and a beach resort in Udupi.
Financial Snapshot
As of September 30, 2024, Denta Water and Infra Solutions reported:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹220.35 Cr | ₹219.85 Cr | ₹123.28 Cr | ₹60.64 Cr |
| Revenue | ₹98.51 Cr | ₹241.84 Cr | ₹175.75 Cr | ₹119.64 Cr |
| Profit After Tax | ₹24.2 Cr | ₹59.73 Cr | ₹50.11 Cr | ₹38.34 Cr |
| Net Worth | ₹188.46 Cr | ₹164.26 Cr | ₹104.55 Cr | ₹54.43 Cr |
| Reserves and Surplus | ₹169.26 Cr | ₹145.06 Cr | ₹99.74 Cr | ₹49.63 Cr |
| Total Borrowing | ₹0.71 Cr | ₹0.86 Cr | ₹1.15 Cr | ₹0.00 Cr |
IPO Proceeds Utilization
The funds raised through the IPO will be utilized for the following purposes:
- General corporate purposes.
- To meet working capital requirements.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
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