Denta Water & Infra Solutions Ltd

Denta Water & Infra Solutions Ltd IPO

Denta Water & Infra Solutions Ltd IPO Price Range is ₹279 - 294, with a minimum investment of ₹14,700 for 50 shares.

₹14,700

/ 50 shares

Minimum Investment

View Denta Water & Infra Solutions Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹279 - 294

Open Date

2025-01-22

Close Date

2025-01-24

IPO Size

₹220.50 Cr

Lot Size

50 shares

Min Investment

₹14,700

Listing Exchange

NSE

Denta Water & Infra Solutions Ltd IPO Application Timeline

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Open Date22 Jan 2025
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Close Date24 Jan 2025
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Allotment Date27 Jan 2025
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Listing Date29 Jan 2025

IPO Subscription Status

IPO subscribed over

🚀 221.68x

This IPO has been subscribed by 90.563x in the retail category and 236.938x in the QIB category.

Subscription Rate

Total Subscription221.68x
Retail Individual Investors90.563x
Qualified Institutional Buyers236.938x
Non Institutional Investors507.274x
NameDenta Water & Infra Solutions Ltdx

Strengths and Risks

Strengths

Strengths

  • 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.

  • Efficient business model.


Risks

Risks

  • 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 theCompany and its Promoter, C Mruthyunjaya Swamy, with allegations including indulging in corruptpractices, misusing of authority by its Promoter while being in public service and influencing thegovernment officers in awarding the contracts to the Company, among others. There is no assurancethat 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% asof 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 revenuefrom 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.

  • The company is significantly dependent on the procurement of projects. Its revenue and earnings are dependent upon award of new contracts which the company cannot directly control. If its fail to secure new contracts on a continual basis, the company operating results may be materially and adversely affected, and its may be unable to secure projects or maintain the company growth it may impact the company profitability and subsequently its revenues, and business operations.

  • Contracts awarded by the Government of Karnataka (GoK) may provide GoK with the right toterminate the contract for convenience, without any reason which may impact its business operations, profitability and results of operations.

  • There is an outstanding litigation against its Promoter, Sowbhagyamma. Any adverse decision in such proceedings may render it / them liable to liabilities / penalties and may adversely affect its business, results of operations and financial condition.

  • The immediate relatives of its promoters, who are deemed to be a part of the Promoter Group underthe SEBI ICDR Regulations have not provided consent, information or any confirmations orundertakings pertaining to themselves which are required to be disclosed as part of the Promoter Group in this Red Herring Prospectus.

  • The company has experienced high attrition rate in respect of its Directors and Key Managerial Personnel. In particular, two Chief Financial Officers have resigned in the past one year. Its may not be able to retain such persons in future which could adversely affect the company business, results of operations, financial conditions and cash flows.

How to Apply for Denta Water & Infra Solutions Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Denta Water & Infra Solutions Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Denta Water & Infra Solutions Ltd

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.

Frequently Asked Questions of Denta Water & Infra Solutions Ltd IPO

What is the size of the Denta Water & Infra Solutions Ltd IPO?

The size of the Denta Water & Infra Solutions Ltd IPO is ₹220.5 Cr.

What is the allotment date of the Denta Water & Infra Solutions Ltd IPO?

Denta Water & Infra Solutions Ltd IPO allotment date is Jan 27, 2025 (tentative).

What are the open and close dates of the Denta Water & Infra Solutions Ltd IPO?

The Denta Water & Infra Solutions Ltd IPO will open on Jan 22, 2025 and close on Jan 24, 2025

What is the lot size of Denta Water & Infra Solutions Ltd IPO?

The lot size for the Denta Water & Infra Solutions Ltd IPO is 50.

When will my Denta Water & Infra Solutions Ltd IPO order be placed?

Your Denta Water & Infra Solutions Ltd IPO order will be placed on Jan 22, 2025

Can we invest in Denta Water & Infra Solutions Ltd IPO?

Yes, once Denta Water & Infra Solutions Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Denta Water & Infra Solutions Ltd IPO?

The potential listing gains on the Denta Water & Infra Solutions Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Denta Water & Infra Solutions Ltd IPO?

'Pre-apply' for Denta Water & Infra Solutions Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.