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DENTA

Denta Water and Infra Solutions

Denta Water and Infra Solutions

DENTA

📅

Bidding Dates

22 Jan 2025 - 24 Jan 2025

💰

Price Range

₹279 - ₹294

🔢

Minimum Investment

₹14,700

📊

Issue Size

221Cr

💰

Latest GMP

₹80 (27.21%)

IPO Timeline

1

Issue open date

22 Jan 2025

2

Issue close date

24 Jan 2025

3

UPI mandate deadline

24 Jan 2025

4

Allotment finalization

27 Jan 2025

5

Refund initiation

28 Jan 2025

6

Share credit

28 Jan 2025

7

Listing date

29 Jan 2025

8

Mandate end date

8 Feb 2025

9

Lock-in end date for anchor investors (50%)

26 Feb 2025

10

Lock-in end date for anchor investors (remaining)

27 Apr 2025

About the Company

Incorporated in 2016, Denta Water and Infra Solutions Limited specializes in water management and infrastructure solutions, focusing on groundwater recharge projects. The company provides services in project planning, design, and execution, including lift irrigation and wastewater management. Denta Water has completed notable projects such as the Byrapura and Hiremagaluru LIS and is currently involved in several initiatives, including those under the Jal Jeevan Mission. Operating primarily in Karnataka, the company serves both government and private clients, contributing to water conservation and infrastructure development.

Strengths

  1. Expertise in groundwater recharging and water management projects.
  2. Completed 32 projects for the Government of Karnataka.
  3. In-house team for design, engineering, and project management.
  4. Established client relationships, including with the Karnataka Government.
  5. Undertakes projects through joint ventures and sub-contracts.
  6. Utilizes an asset-light business model.

Risks

  1. Reliance on government contracts, particularly from Karnataka.
  2. Risk of delays or termination in government contracts.
  3. Challenges in managing expansion to new regions, including Northern and Southern India.
  4. Regulatory scrutiny and delayed receivables from government contracts.
  5. Restrictive covenants in bank guarantees limit business flexibility.
  6. Past legal proceedings and investigations against the promoter.
  7. Ongoing SEBI complaints with allegations against promoter and company.

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