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Denta Water and Infra Solutions LIMITED IPO
Issue Size (Net)
up to Rs. 220.50 Cr
Price Band
Rs. 279 to Rs. 294 per share
Issue Opens
January 22, 2025
Issue Closes
January 24, 2025

Company Highlights

1.Company Information

Denta Water and Infra Solutions Limited (commonly known as "Denta Water") is a growing water and infrastructure solutions company based in India. The company specialises in the design, installation, and commissioning of water management infrastructure projects, particularly groundwater recharging projects. Founded in 2016, Denta Water also undertakes construction projects in the fields of railways and highways. The company prides itself on being one of the few companies in India with experience and expertise in the design, installation, commissioning, operations, and maintenance of groundwater recharging using recycled water. Denta Water's primary business operations involve providing a range of services from "concept-to-commissioning" for various water management projects. These services encompass preliminary investigations, feasibility studies, planning, field surveys, design, tender bidding consultancy, project management, construction supervision, formulation of operation and maintenance guidelines, and engineering procurement consultancy for turnkey projects. The company caters to a variety of sub-sectors within its domain, including groundwater recharging, dams and reservoir engineering, lift irrigation, water supply and sanitation, and urban and rural development. Denta Water's key products and services are centered around its expertise in water management infrastructure. These include: Groundwater Recharging Projects: Denta Water has established itself as a specialist in groundwater recharge projects, having successfully completed numerous projects involving the filling of tanks and check dams. The company leverages its in-house design and engineering team to identify potential groundwater recharging sites, perform hydraulic flow calculations, design drainage laying, and develop process flow and hydraulic flow diagrams for water balance. Lift Irrigation Projects: Denta Water has extensive experience in executing lift irrigation projects, which involve lifting water from a lower elevation to a higher elevation for irrigation purposes. Drinking Water Supply Projects: The company's order book includes projects for supplying drinking water to various habitations in the state of Karnataka. Denta Water's manufacturing capabilities are primarily focused on project execution rather than manufacturing specific products. The company follows an asset-light model, outsourcing non-core activities such as manpower, equipment supply, raw material supply, and specialized software. The company owns essential machinery like hydraulic excavators, backhoe loaders, and vehicles, but primarily relies on outsourcing for construction materials based on project requirements. Denta Water's key clients primarily consist of government entities, particularly the Government of Karnataka. The company derives a significant portion of its revenue from government contracts, particularly in the water management sector. Denta Water has also undertaken projects for Indian Railways, demonstrating its capability to serve clients in the infrastructure sector. Denta Water's operations are currently concentrated in the state of Karnataka, India. All of the company's projects are geographically located in Karnataka. However, Denta Water has plans to expand its operations to other parts of India, including North India, West India, and other regions of South India.

Denta Water has a strong track record in executing a wide range of projects. Some of its key projects include:
1) Byrapura & Hiremagaluru Lift Irrigation Scheme (LIS) Project: This project involved filling two major tanks by lifting water from the Hemavati River through a lift irrigation system.
2) Karagada LIS Project: This project involved the construction of a new jack well-cum-pump house, the laying of pipelines, electro-mechanical works, and the installation of pumps and a drinking water treatment plant.
3) Channapatna Taluk Project: This project involved the construction of check dams and the re-establishment of a natural river in the Channapatna Taluk of the Ramanagar district in Karnataka.

2. Strengths

1) Established Expertise in Water Management Projects, Particularly Groundwater Recharging: Denta Water has successfully completed 32 water management infrastructure projects, including a significant number of groundwater recharge projects, for the Government of Karnataka since its establishment in 2016. The company's expertise in this area has enabled it to establish itself as a trusted provider of water management solutions in the region.
2) Strong Order Book: Denta Water boasts a robust order book, with a total contract value of ₹ 11,004.36 million as of November 30, 2024. This strong order book reflects the company's success in securing contracts and provides revenue visibility for the foreseeable future.
3) Experienced Management Team: Denta Water is led by a team of experienced professionals, including its Promoter, C. Mruthyunjayaswamy, who has over 38 years of experience in the civil sector. The company's management team possesses the necessary skills and expertise to guide the company's growth and expansion plans.
4) Efficient Asset-Light Business Model: Denta Water employs an asset-light business model, outsourcing non-core activities such as manpower, equipment supply, and raw material procurement. This approach allows the company to minimise capital expenditure and operating costs, resulting in improved financial performance.
5) Focus on Water Management and Expansion Plans: Denta Water's strategic focus on water management projects, particularly groundwater recharging, positions it well to capitalise on the growing demand for water management solutions in India. The company's plans to expand its operations to other regions of India further enhance its growth prospects.

3. Objects of the Issue

The Company proposes to utilize the Net Proceeds raised through the Issue for the following objects:
1) To meet working capital requirements of the Company
2) General corporate purposes, subject to the applicable laws

4.Denta Water and Infra Solutions Limited IPO Registrar
Integrated Registry Management Services Private Limited

Phone: 044 - 28140801 to 28140803

Email: vijayagopal@integratedindia.in

Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1

Denta Water and Infra Solutions Limited IPO Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Sep-24
220.35
98.51
24.20
188.46
169.26
0.71
31-Mar-24
219.85
241.84
59.73
164.26
145.06
0.86
31-Mar-23
123.28
175.75
50.11
104.55
99.74
1.15
31-Mar-22
60.64
119.64
38.34
54.43
49.63
Amount in Rs.Crore

Denta Water and Infra Solutions Limited IPO Details

Issue Opening Date
January 22, 2025
Issue Closing Date
January 24, 2025
Face Value
Rs.10 per share
Price
Rs.279 to Rs.294 per share
Lot Size
50 Shares
Issue Size
75,00,000 shares (aggregating up to Rs.220.50 Cr)
Fresh Issue
75,00,000 shares (aggregating up to Rs.220.50 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Denta Water and Infra Solutions Limited IPO Timeline

Event
Tentative Date
Opening Date
Wednesday, January 22, 2025
Closing Date
Friday, January 24, 2025
Basis of Allotment
Monday, January 27, 2025
Initiation of Refunds
Tuesday, January 28, 2025
Credit of Shares to Demat
Tuesday, January 28, 2025
Listing Date
Wednesday, January 29, 2025
Cut-off time for UPI mandate confirmation
5 PM on January 24, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
  • SSL
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