Denta Water and Infra Solutions
Listed
Listed
IPO Timeline
Issue open date
22 Jan 2025Issue close date
24 Jan 2025UPI mandate deadline
24 Jan 2025Allotment finalization
27 Jan 2025Refund initiation
28 Jan 2025Share credit
28 Jan 2025Listing date
29 Jan 2025Mandate end date
8 Feb 2025Lock-in end date for anchor investors (50%)
26 Feb 2025Lock-in end date for anchor investors (remaining)
27 Apr 2025Key Dates
Open
22 Jan 2025Close
24 Jan 2025Listing
29 Jan 2025Quick Stats
Issue Size:221cr
Lot Size:50 shares
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
- Expertise in groundwater recharging and water management projects.
- Completed 32 projects for the Government of Karnataka.
- In-house team for design, engineering, and project management.
- Established client relationships, including with the Karnataka Government.
- Undertakes projects through joint ventures and sub-contracts.
- Utilizes an asset-light business model.
Risks
- Reliance on government contracts, particularly from Karnataka.
- Risk of delays or termination in government contracts.
- Challenges in managing expansion to new regions, including Northern and Southern India.
- Regulatory scrutiny and delayed receivables from government contracts.
- Restrictive covenants in bank guarantees limit business flexibility.
- Past legal proceedings and investigations against the promoter.
- Ongoing SEBI complaints with allegations against promoter and company.
Denta Water and Infra Solutions IPO – Frequently Asked Questions
- The price band for the Denta Water and Infra Solutions IPO is set at ₹279 to ₹294 per share.
- The Denta Water and Infra Solutions IPO opens on January 22, 2025 and closes on January 24, 2025.
- The tentative listing date for the Denta Water and Infra Solutions IPO is January 29, 2025.
- You can apply for the Denta Water and Infra Solutions IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Denta Water and Infra Solutions, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Denta Water and Infra Solutions IPO is 50 shares. Investors must apply for at least one lot (i.e., 50 shares).