As an investor, deciding whether the IPO is Good or Bad to invest in can often be challenging. If you are confused and worried about whether to Apply or Not the Denta Water IPO. Then worry not here we are describing 10 important key points & in-depth detailed Denta Water IPO review which will help you to make the decision.
Strengths and Weaknesses of Denta Water IPO
Strengths:
- Over the years, the company has maintained a strong reputation in water management projects mostly focusing on groundwater recharging.
- They have an incredibly specialized in-house and engineering team who are working in the groundwater recharging and lift irrigation making sure to offer the best bids and effective project execution.
- Denta Water Company is renowned themselves for its track record of completing projects within the given budget. They are known to prioritize the completion of projects on time due to the industry’s nature.
Weaknesses:
- As of October 31, 2023, they showed that 69.68% of their order where came from government clients indicating that most of the revenue was generated from government clients.
- Delaying in completing current or future projects can easily impact their business performance.
- The company’s revenue and income are mainly generated through the new projects awarded to them. However, the timing of the new projects assigned to them is unpredictable and out of their control which can unfortunately affect the growth of the business.
Denta Water IPO Review
IPO Watch –
Denta Water IPO Details
| IPO Size | ₹220.50 crores |
| Offer-for-sale | No offer-for-sale |
| Fresh issue | ₹220.50 crores |
| Price band | ₹279 to ₹294 |
| Subscription | Opens on January 22, 2025, and close date is on January 24, 2025 |
| Purpose of IPO | Fresh Issue |
1. Denta Water IPO Open and closing date?
Denta Water IPO will be opening for subscription on January 22, 2025, and will be closed for subscription on January 24, 2025.
2. What is the size of the Denta Water IPO?
The company planned to raise funds around ₹220.50 crores via IPO. This IPO comprises only a fresh issue of ₹220.50 crores and no Offer-for-sale component with a face value of Rs. 10 each.
3. What are the subscription details of the Denta Water IPO?
The Denta Water IPO price range is set at ₹279 to ₹294 per share. In this IPO a total of 50 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category, 650 shares in 13 lot sizes were available, for the S-HNI Minimum category 700 shares were available in the 14 lot sizes. While for the B-HNI Minimum category 3,450 shares were available in 69 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,700 and maximum investment of ₹1,91,100.
- Small HNI (S-HNI): Minimum investment of ₹2,05,800.
- Big HSI (S-HNI): A minimum investment of ₹10,14,300 is required.
4. What is the Denta Water IPO listing Date?
Denta Water is a Mainboard IPO shares will be listed on January 29, 2025, on the BSE (Bombay Stock Exchange) & NSE (National Stock Exchange).
5. What are the objectives of the Denta Water IPO Issue?
The objective behind raising funds via IPO is to handle and complete the expenses of the working capital requirements of the company. The remaining funds will be used to support the general corporate purposes of the company.
6. About Denta Water
Denta Water and Infra Solutions Limited was incorporated in 2016 and is becoming one of the leading companies in the water and infrastructure industry. They are one of the few companies with incredible expertise in groundwater recharge projects. Design, installation, and commissioning of water infrastructure projects are what the company does. Maintenance of water infrastructure projects is also part of the company’s involvement but for a specific time. They also handle the projects of Railway and highway fields. Due to the ongoing issue related to water-related solutions, Denta Water listened to the issue and addressed the issue by installing the groundwater recharge projects.
7. Denta Water IPO Financials
The company reported revenue of ₹241.84 crores in 2024 against ₹175.75 crores in 2023. The company reported a profit of ₹59.73 crores in 2024 against a Profit of ₹50.11 crores in 2023.
8. Denta Water IPO Promoters
Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy, and Hema HM are the promoters of the company.
9. Who are the Denta Water IPO lead managers and registrar?
Smc Capitals Limited is the lead manager of Denta Water while Integrated Registry Management Services Private Limited is the registrar of the company.
10. Should you Apply or not for the Denta Water IPO?
Denta Water and Infra Solutions Limited has gained higher recognition as a skilled expert in the sector of water engineering, procurement, and construction services. Due to the high demand for water-related solutions proves that they can be one of the best IPO in the market to invest in. Byrapura and Hiremagalur LIS Project, Karagada LIS Project, and others are some of the projects that have been carried out through lift irrigation systems. As of October 31, 2023, Denta Water has successfully completed 27 projects of water management infrastructure, while currently, they have 22 ongoing projects of water management comprising the entire contract value worth ₹9,842.26 million. As of now, the company has a strong team of 25 employees having expertise in designing and constructing water conveyance systems for groundwater recharge using wastewater. For the three-month period that ended in June 2023, the company generated a revenue of ₹318.35 from operations, respectively.
Since its incorporation, the company has established its name in the market in water management projects with the completion of 27 projects of the Government of Karnataka. Denta Water and Infra Solutions Limited comprises a strong management team and a strong order book, while also has established a strong record of completing the project within the given budget making them one of the most reliable companies to invest in. So, now the question is should you apply or not for the Denta Water IPO? The incredible combination of solid financial, and well-defined growth strategy in the water management projects make Denta Water an attractive choice to invest in. However, we recommend always doing a good financial background check on the company you want to invest in and invest in at your own risk.
