Denta Water and Infra Solutions Limited IPO
IPO Details Status: Closed
Docs DRHP View Subscription :59.85X
Bidding Dates 22 Jan '25 - 24 Jan '25 | Minimum Investment ₹14,700 / 1 Lot (50Shares) | Price Range ₹279- ₹294 |
Listing Gain ₹48 | Fresh Issue Offer for Sale 220.50 Cr 0.0Cr | Issue Size ₹220.50 Cr |
Face Value ₹ 10 | GMP 145 _48% | Listing AT NSE,BSE |
IPO Timeline
IPO Opening Date Jan 22, 2025 | IPO Closing Date Jan 24, 2025 | Basis of Allotment Jan 27, 2025 | Initiation of Refunds Jan 28, 2025 | IPO Listing Date Jan 29, 2025 |
Denta Water and Infra Solutions Limited Subscription Details
Date | QIB | NII | Retail | Total |
| 21-01-2025 | 1.67 | 36.4 | 18.02 | 17.29 |
| 22-01-2025 | 4.75 | 128.68 | 43.94 | 50.90 |
| 23-01-2025 | 4.81 | 160.27 | 48.27 | 59.85 |
Denta Water and Infra Solutions Limited IPO Reservation
Investor Category | Shares Offered |
QIB Shares | 50% |
Retail Shares | 35% |
NII (HNI) Shares | 15% |
Denta Water and Infra Solutions Limited Financial Information
Period Ended | 30-09-2024 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
| Assets | 220.35 | 219.85 | 123.28 | 60.64 |
| Revenue | 98.51 | 241.84 | 175.75 | 119.64 |
| Profit After Tax | 24.2 | 59.73 | 50.11 | 38.34 |
About Denta Water and Infra Solutions Limited
One of the major providers of water engineering, procurement, and construction (EPC) services is Denta Water and Infra Solutions, which was founded in 2016. Lift irrigation systems and groundwater recharge using recycled water are the company's specialties. It offers complete services, such as design, construction, operations, and feasibility studies, for projects including lift irrigation, groundwater recharge, and water treatment.
As of November 30, 2024, the company had completed 32 water management infrastructure projects, with its primary operations being in Karnataka. It uses a transparent, competitive bidding procedure to bid for and win contracts from the federal and state governments.
Denta Water has an agreement with the principal contractor to carry out the majority of its projects as a subcontractor. Additionally, Denta Water has joint venture agreements for certain of its projects.
Denta Water and Infra Solutions Limited IPO Objectives
The following uses are planned for the net proceeds from the issuance by the company:
Partial or complete repayment of some outstanding loans that the company has taken out.
Investment in specific subsidiaries for the complete or partial repayment or payback of specific outstanding debts.
Financing the capital expenditures needed to buy the company new equipment.
Investment in Bizdent Devices Private Limited, a subsidiary, to cover the capital costs associated with buying new equipment.
Corporate goals in general.
Denta Water and Infra Solutions Limited IPO: Strengths
The company's order book, which reflects its proficiency in securing and carrying out water management infrastructure projects, is mostly composed of groundwater recharge and drinking water delivery projects in Karnataka.
In groundwater recharge projects, the company has obtained subcontracts of ₹465.71 crore, independent direct contracts worth ₹46.99 crore, and direct contracts as a consortium partner worth ₹774 crore as of November 30, 2024.
An internal design and engineering team of the corporation specializes in lift irrigation and groundwater recharge projects. The team employs advanced structural design technologies, hydraulic flow analysis, and GIS mapping.
The business adopts an asset-light approach, concentrating on design, planning, quality assurance, and monitoring while contracting out non-core tasks to specialized subcontractors to ensure effective project execution.
Denta Water and Infra Solutions Limited IPO: Risks
The top ten customers account for more than half of the business's income. Cash flows and profitability may be negatively impacted by the loss of significant clients or payment delays.
For raw materials, the company depends on a small number of suppliers. Of its raw materials, 40.01% came from its top 10 suppliers in FY24. Supply chain interruptions or the departure of important suppliers may have an effect on business operations.
There are ongoing legal issues with the promoter. Liabilities resulting from an unfavorable ruling could affect the business's finances.
In FY24, the company's income from government clients climbed from 18.25% in FY23 to 63.40%. This reliance exposes the business to changes in government policies, financial restrictions, and policies, especially the Government of Karnataka, which accounted for 83.98% of revenue in H1FY25.
How To Apply for Denta Water and Infra Solutions Limited IPO Online?
Click and Login to Your Angel One Account : Open the Angel One app or website and log in with your credentials.
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Select IPO: Find and select the Laxmi Dental IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
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Important Link
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