Denta Water & Infra Solutions Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹294
Per ShareLot Size
50 Shares
Minimum Investment
₹14,700
Issue Size
₹220.5 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Denta Water & Infra Solutions Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
71.91%
Issue Type
Book Building
ISIN
INE0R4L01018
About the Company
We are a growing water and infrastructure solutions companies engaged in design, installation and commissioning of water management infrastructure projects with expertise in ground water recharging projects. In addition, we also undertake construction projects in the field of railways and highways. We are one of the few companies in India having experience and expertise in design, installation, commissioning, operations and maintenance of ground water recharging using recycled water.
Industry Overview
An exponential increase in urban population, would be a challenge for water management in the country. Furthermore, insufficient and restricted wastewater treatment facilities endanger water quality and public health. In India, the total installed capacity to treat wastewater (domestic sewage) from urban areas is 44%, or 31,841 MLD, compared to an estimated daily sewage output of 72,368 MLD. The actual treatment rate is only 28%, or 20,236 MLD. Even in class I (populations over 100,000) and class II (populations 50,000-100,000) towns, which account for 72% of the urban population, only 30% of the wastewater gets treated, i.e., 11,787 MLD vs the 38,254 MLD created. According to a recent CPCB report (March 2021), India's present water treatment capacity is 27.3% and its sewage treatment capacity is 18.6% (with an additional 5.2% capacity being built).
Company History
Our Company was incorporated as `Denta Properties and Infrastructure Private Limited' in Bangalore, Karnataka as a private limited company under Companies Act, 2013, pursuant to a certificate of incorporation dated November 17, 2016 issued by Deputy Registrar of Companies, Central Registration Centre. Thereafter, pursuant to a resolution passed at the meeting of the Board of Directors held on June 14, 2023, and a special resolution of the Shareholders at the extraordinary general meeting held on June 26, 2023, the name of our Company was changed to `Denta Water and Infra Solutions Private Limited' and a fresh certificate of incorporation dated July 31, 2023, consequent upon the name change, was issued by the Registrar of Company, Karnataka at Bangalore ("RoC"). Subsequently, our Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the extraordinary general meeting of our Shareholders held on August 14, 2023, and consequently, the name of our Company was changed to `Denta Water and Infra Solutions Limited', and a fresh certificate of incorporation dated September 12, 2023 was issued by the RoC to our Company.
Products & Services
- The Company is a growing water and infrastructure solutions companies engaged in design, installation and commissioning of water management infrastructure projects with expertise in ground water recharging projects.
Growth Strategy
- Leverage core competencies in execution of water management projects.
- Expanding our geographical area of operations.
- Pursue other segments within infrastructure development space.
- Expansion into other geographies for reuse of discharge water.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 7,500,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Denta Water and Infra Solutions Limited ("Company" or "Issuer") for cash at a price of Rs. 294 per equity share (including a share premium of Rs. 284 per equity share) ("Issue Price") aggregating up to Rs. 220.50 crores ("Issue"). The face value of the equity shares is Rs. 10 each. The floor price is 29.40 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established expertise in water management projects with special focus on ground water recharging.
- Expertise in in-house designing and engineering of water management infrastructure projects.
- Strong management team.
- Strong order book.
- Established track record for project execution.
- In the past, one of its Promoters, C Mruthyunjaya Swamy, in the capacity as a secretary of the Public Works Department, Karnataka, has been subjected to enquiry by the Lokayukta Police, Bangalore ("Lokayukta") and initiation of certain legal proceedings by the Enforcement Directorate against him, which was subsequently disposed off. Although Mr. C Mruthyunjaya Swamy is currently retired from the services of Government of Karnataka, there is no assurance that legal proceedings will not be reopened by Lokayukta or any other relevant authority against him. Any further development in the above-mentioned legal proceedings or other authorities may adversely affect its business, results of operations and financial condition.
- Certain untraceable persons have filed complaints with SEBI and other authorities against the Company and its Promoter, C Mruthyunjaya Swamy, with allegations including indulging in corrupt practices, misusing of authority by its Promoter while being in public service and influencing the government officers in awarding the contracts to the Company, among others. There is no assurance that the Company or SEBI or other authorities does not receive similar complaints in future. Any further development in similar complaints filed with SEBI or other authorities may adversely affect its business, results of operations and financial condition.
- Its revenue contribution from government clients has increased from 18.25% in FY 2023 to 63.40% as of FY 2024, and the company currently relies substantially on its government clients for the company revenues.
- The Company relies heavily on the Government of Karnataka for its business. 83.98% of its revenue from operations in six months period ended September 30, 2024, is from Government of Karnataka.
- Delays in completion of its current and future projects and time overrun could have adverse effect on its business prospects and results of operations.