DENTA WATER AND INFRA SOLUTIONS LIMITED (MAINBOARD)
Jan 22, 2025 - Jan 24, 2025
| Price | ₹279 - ₹294 |
| Premium | ₹73 |
|---|---|
| Lot size | 50 |
| Allotment | Jan 28, 2025 |
| Listing | Jan 29, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 50 | 14700 | 52500 |
| sHNI | 14 | 700 | 205800 | 536 |
| bHNI | 69 | 3450 | 1014300 | 1071 |
Last updated on 24-Jan-2025 19:03:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 1500000 | 355407600 | 236.94 |
| HNIs | 1125000 | 570683300 | 507.27 |
| HNIs 10+ | 750000 | 417370050 | 556.49 |
| HNIs 2+ | 375000 | 153313250 | 408.84 |
| Retail | 2625000 | 237727200 | 90.56 |
| Total | 5250000 | 1163818100 | 221.68 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1071 | 114964 | 107.34 |
| HNIs (2-10L) | 536 | 207870 | 387.82 |
| Retail | 52500 | 3618800 | 68.93 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 44.1 | 10448.98 | 236.94 |
| FIIs | - | 1953.27 | - |
| DIIs | - | 3724.46 | - |
| Mutual funds | - | 0.79 | - |
| Others | - | 4770.46 | - |
| HNIs | 33.08 | 16778.09 | 507.27 |
| HNIs 10+ | 22.05 | 12270.68 | 556.49 |
| HNIs 2+ | 11.03 | 4507.41 | 408.84 |
| Retail | 77.18 | 6989.18 | 90.56 |
| Total | 154.35 | 34216.25 | 221.68 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹93.5 | @8% ₹106.9 | @9% ₹120.2 | @10% ₹133.6 | @11% ₹147 | @12% ₹160.3 |
IPO Details
| Total Issue Size | 7,500,000 Equity Shares aggregating up to 220.50 crore. |
| Fresh Issue Size | 7,500,000 Equity Shares aggregating up to 220.50 crore. |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE,BSE |
| Share holding pre issue | 19,200,000 Shares |
| Share holding post issue | 2,67,00,000 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
Key Performance Indicator
| KPI | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 12.84% | 36.36% | 47.93% |
| ROCE | 18.96% | 76.99% | 95.98% |
| RONW | 12.84% | 36.36% | 47.93% |
| EPS (basic) | 12.6 | 31.11 | 26.1 |
| P/E Pre IPO | 9.45% | ||
| P/E Post IPO | 16.22% |
Financial Details in Crores
| Period Ended | Sep-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 220 | 220 | 123 | 61 |
| Revenue | 99 | 242 | 176 | 120 |
| Profit After Tax | 24 | 60 | 50 | 38 |
| Net Worth | 188 | 164 | 105 | 54 |
| Reserves and Surplus | 169 | 145 | 100 | 50 |
| Total Borrowing | 1 | 1 | 1 |
About Company
Denta Water and Infra Solutions Limited, incorporated in 2016, is a fast-growing company specializing in water management and infrastructure projects with expertise in groundwater recharge and recycled water solutions. With a proven track record of executing 32 projects across roles as a main contractor, joint venture partner, and sub-contractor, the company has delivered key initiatives like the KC Valley project and supported the Jal Jeevan Mission. Beyond water engineering, Denta Water diversifies its portfolio with landholdings in Madikeri for agricultural production and a revenue-generating beach resort in Udupi. Supported by a team of 89 employees, the company also undertakes railway and highway construction, offering comprehensive services from feasibility studies to turnkey project execution.
Proven Expertise in Water Management: Successfully completed 27 government water infrastructure projects in Karnataka, showcasing their deep technical proficiency in groundwater recharge and treatment systems.
Asset-Light Business Model: Combines an in-house engineering team with strategic subcontracting, ensuring operational efficiency while maintaining focus on core competencies.
Expansion Potential: Actively pursuing growth opportunities in high-potential markets like Gujarat, Madhya Pradesh, Maharashtra, and Uttar Pradesh, signaling a robust vision for geographic diversification.
High Dependency on Government Projects: With 69.68% of the order book reliant on government clients, the company is vulnerable to delays and bureaucratic hurdles, particularly in Karnataka.
Unpredictable Revenue Streams: Reliance on competitive bidding for project awards creates uncertainty in revenue generation, as project timing is beyond the company’s control.
Supplier Dependence: Lack of long-term agreements with construction material suppliers exposes the company to risks from price volatility and potential supply shortages, impacting operations and profitability.
Integrated Registry Management Services Private Limited
Phone: 044 - 28140801 to 28140803
Email: vijayagopal@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1