Denta Water And Infra Solutions IPO

About Denta Water and Infra Solutions IPO

Denta Water and Infra Solutions IPO is an IPO of ₹220.50 crores. The IPO consists of a fresh issue of 75,00,000 equity shares. It does not have an offer for sale. Shares will be allotted on Jan 27, 2025. The shares will be credited to the demat account on Jan 28, 2025 and refunds will be initiated on Jan 28, 2025.

Objectives of Denta Water and Infra Solutions IPO

The company will utilize the net proceeds in the following ways

1. To meet working capital requirements of the company
2. General corporate purposes, subject to the applicable laws

Industry Outlook

The Planning Commission, Government of India has estimated the water demand will increase from 710 BCM in 2010 to almost 1180 BCM in 2050 with domestic and industrial water consumption expected to increase almost 2.5 times. The India Water and Wastewater Treatment market is expected to grow at a CAGR of 6.20% in terms of value to reach USD 23,849.806 million in 2033 from USD 13,101.158 million in 2023. (Source: Marketysers Global Report).

Company Information

Established in 2016, Denta Water and Infra Solutions Limited, commonly known as ‘Denta Water,’ has emerged as a key player in water engineering, procurement, and construction (“EPC”) services. The company has experience in infrastructure project installations, including groundwater recharging through recycled water.

Risks of Denta Water and Infra Solutions

The revenue contribution from government clients has increased from 18.25% in FY 2023 to 63.40% as of FY 2024. The company currently relies substantially on government clients for their revenues. Any adverse change in the government’s demand for GWR projects will hurt our business.

One of the company’s promoters has legal cases pending against him. Any adverse outcome in the legal proceeding can hurt their business.

Contracts awarded by the Government of Karnataka ("GoK') may provide GoK with the right to terminate the contract for convenience, without any reason, which may impact their business.

Anchor Investor Bidding Date

The anchor investor bidding will take place on Jan 21, 2025.

IPO Registrar and Book Running Lead Managers

Integrated Corporate Solutions is the registrar of the Denta Water and Infra Solutions Limited IPO. The book running lead managers of this IPO is SMC Capitals Limited.

Business Model

The company earns its revenue through the following sources:

Procurement, water engineering and construction services Lift Irrigation Projects Construction projects for railways and highways

Company Growth Trajectory

Denta Water and Infra Solutions has an established track record of growth in revenue and profits. Between financial years 2022 and 2024, its revenue from operations grew from ₹1,19.572 crore to ₹238.598 crore, and its profit after tax grew from ₹38.337 crore to ₹59.75 crore.

How to Check Allotment Status of Denta Water and Infra Solutions Limited IPO?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Integrated Registry Management Services Private Ltd. To check the status on the BSE website:

• Visit the BSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt
• Select the Issue Name from the drop-down, which is Denta Water and Infra Solutions Limited in this case
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

To check status on the website of Denta Water and Infra Solutions Limited IPO :

• Visit the website of Link Intime Private Ltd
• Choose ‘Public Issues’ from Investor Services dropdown
• Choose the name of the company from ‘Select Company’ dropdown
• Enter any of these - PAN Number, Application Number, DP/Client ID, Account Number / IFSC
• Click on Submit to check the status