Denta Water and Infra Solutions Limited
CLOSEDIPO Date: 22 Jan - 24 Jan 2025
Listing Date: 29 Jan 2025
Price Range
₹279 to ₹294 per share
Issue Size
221 Cr
Min Investment
₹13,950
Lot Size
50 Shares
Schedule of Denta Water and Infra Solutions Limited
Issue open date
22 Jan 2025
Issue close date
24 Jan 2025
UPI mandate deadline
24 Jan 2025 (5 PM)
Allotment finalization
27 Jan 2025
Share credit
28 Jan 2025
Listing date
29 Jan 2025
Mandate end date
8 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 221 Cr |
| Fresh Issue | 220 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 27 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 29 Jan 2025 | ₹294 | ₹73 | ₹367 (24.83%) |
| 28 Jan 2025 | ₹294 | ₹73 | ₹367 (24.8%) |
| 27 Jan 2025 | ₹294 | ₹76 | ₹370 (25.85%) |
| 25 Jan 2025 | ₹294 | ₹121 | ₹415 (41%) |
| 24 Jan 2025 | ₹294 | ₹120 | ₹414 (40.82%) |
| 23 Jan 2025 | ₹294 | ₹137 | ₹431 (46.6%) |
| 22 Jan 2025 | ₹294 | ₹150 | ₹444 (51%) |
| 21 Jan 2025 | ₹294 | ₹165 | ₹459 (56%) |
| 20 Jan 2025 | ₹294 | ₹150 | ₹444 (51%) |
| 19 Jan 2025 | ₹294 | ₹145 | ₹439 (49.32%) |
Performance Denta Water and Infra Solutions Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹279 to ₹294 per share | ₹ 326 (10.54%) | ₹ 306.8 | 4.35% |
About Denta Water and Infra Solutions Limited
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.
| Founded in | 2016 |
| Managing director | Mr. Manish Shetty |
| Parent organization | Denta Water and Infra Solutions Ltd |
Financial Overview
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.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 236 |
| Non-Institutional Investors (NIIs) | 507 |
| Retail Individual Investors (RIIs) | 90 |
| Employee | N/A |
| Total | 221.54 |