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TCS, HDFCBANK, SBI Liquid Fund (G)
Denta Water And Infra Solutions Ltd.

DENTA

Equity

NSE,BSE

Min. Investment

2,79,000.00

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IPO Details

Bidding Dates

22 Jan 25 - 24 Jan 25

Price Range ₹

279 - 294

Total Equity

154.35Cr

Lot Size

50

Exchange Status

NSE,BSE

IPO Doc

Subscription Rate

Non-Institutional Investor

90.56×

Qualified Institutional Buyers

236.94×

Employees

0.00×

Retail Investors

90.56×

Total subscription Rate

221.68×

IPO Timeline

Offer start

22 Jan 2025

Offer end

24 Jan 2025

Allotment

27 Jan 2025

Refund initiation

28 Jan 2025

Demat transfer

28 Jan 2025

Listing

29 Jan 2025

About Company

Established in 2016, Denta Water and Infra Solutions Limited is a rapidly expanding company specializing in water and infrastructure solutions. The company focuses on designing, installing, and commissioning water management infrastructure projects, with particular expertise in groundwater recharge initiatives. Leveraging its experience in water engineering and EPC services, the company undertakes infrastructure projects that include groundwater recharge using recycled water, addressing the increasing demand for water solutions. Denta Water and Infra Solutions Limited has successfully executed prominent projects such as Byrapura, Hiremagaluru LIS, and KC Valley, which have played a vital role in Bengaluru's wastewater management and supported the Government's Jal Jeevan Mission. The company owns 98 acres of land in Madikeri, Karnataka, where it cultivates coffee, pepper, and cardamom. Additionally, it operates a beach resort in Udupi, which generates revenue under a facility management agreement. Services Offered: The company provides a wide array of water management services, including: - Preliminary investigations and reconnaissance - Feasibility studies - Planning and project formulation - Field surveys and soil testing - Design services - Tender bidding consultancy - Project management and construction supervision - Operation and maintenance guidelines - Engineering procurement consultancy - Turnkey project execution As of November 30, 2024, the company has completed 32 water management projects, including 11 as the primary contractor, 1 through a joint venture, and 20 as a subcontractor. Additionally, it undertakes construction projects in the railway and highway sectors. As of the same date, the company employed 89 permanent staff members.

Year Founded

17-11-2016

Promotor Details

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage10071.91
Share Capital1920000019200000

Offer to Public

52,50,000.00 Cr

Project Details

  • To meet the working capital requirements - 150cr

Objectives

  • To meet working capital requirements of our Company
  • andGeneral corporate purposes, subject to the applicable laws

Highlights

  • Extensive experience in executing critical projects like KC Valley and Jal Jeevan Mission.
  • Strong presence in Karnataka with specialized knowledge of local water management challenges.
  • Capability to deliver concept-to-commissioning services across diverse sub-sectors.
  • Utilization of advanced tools like GIS, GPS, and structural engineering software for efficient project execution.
  • Commitment to revitalizing natural water bodies and ensuring reliable water supply for rural and urban communities.

Challenges

  • The company relies heavily on government clients, particularly from the Karnataka Government, for a significant portion of its revenue. Any adverse developments, such as contract terminations or delays in payments, could severely impact financial stability.
  • With most of its projects and revenue concentrated in Karnataka, the company faces high geographic risk. Any unfavorable events or economic downturns in the region could adversely affect its operations and financial performance.
  • The company’s revenue and profitability are highly dependent on consistently securing new projects. Since project awards are beyond its direct control, a failure to win contracts could lead to financial instability and operational challenges.
  • Ongoing litigation against the company’s promoter, Sowbhagyamma, poses a potential risk to its business reputation and prospects. Furthermore, reliance on joint venture partners exposes the company to liabilities and operational risks if partners underperform or terminate agreements prematurely.
  • A significant portion of the company’s revenue is derived from a small group of key customers. For instance, the top 10 customers contributed 50.35% of revenue as of September 30, 2024. Any loss of or reduced business from these customers could negatively affect the company’s financial health.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
2022606.3748.00383.37383.3719.9672
20242,198.48192.00383.37383.3719.9672
20231,232.7648.00111.02111.025.7823
2021422.3448.00383.37383.3719.9672
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