Denta Water & Infra Solutions IPO
Denta Water & Infra Solutions IPO — date, price band, lot size & details 2025
Denta Water & Infra Solutions listed on 29 Jan 2025 at ₹325, 10.5% above the ₹294 issue price.
Denta Water and Infra Solutions designs, installs and commissions water management projects, with a focus on groundwater recharge. Its profit after tax rose from Rs 38.34 crore in FY2022 to Rs 59.73 crore in FY2024.
Stock price
Denta Water & Infra Solutions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 22 Jan 2025
- Close 24 Jan 2025
- Allotment 27 Jan 2025
- Refund/credit 28 Jan 2025
- Listing 29 Jan 2025
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 24 Jan, 2025 |
|---|---|
| Price Band | ₹279 – ₹294 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹220.5 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Integrated Registry Management Services Private Limited |
| Min Investment | ₹ 14,700 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹294 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹14,700 |
| Retail (max) | 13 | 650 | ₹1,91,100 |
| S-HNI (min) | 14 | 700 | ₹2,05,800 |
| S-HNI (max) | 68 | 3,400 | ₹9,99,600 |
| B-HNI (min) | 69 | 3,450 | ₹10,14,300 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 119.64 crore in FY2022 to Rs 241.84 crore in FY2024.
- 02Profit after tax rose from Rs 38.34 crore in FY2022 to Rs 59.73 crore in FY2024, and the PAT margin was 25.03%.
- 03Total borrowing was only Rs 0.71 crore on 30 September 2024, against net worth of Rs 188.46 crore.
- 04Return on equity was 36.36% and return on capital employed was 76.99%.
- 05The whole Rs 220.5 crore issue was fresh capital, and the P/E at the upper band of Rs 294 was 16.22.
Risks · 7
- 01The latest financials cover only the six months to 30 September 2024, with total income of Rs 98.51 crore and profit after tax of Rs 24.20 crore.
- 02Rs 150.00 crore of the Rs 220.5 crore issue was for working capital, so the business needs a lot of cash to run.
- 03The P/E of 16.22 is based on post-issue EPS of Rs 18.13, and EPS before the issue was Rs 31.11.
- 04The company also holds 98 acres of plantation land and a beach resort, which are outside its core water business.
- 05Rs 45.34 crore of the proceeds was for general corporate purposes, with no specific project named.
- 06Issue expenses were Rs 25.16 crore on a Rs 220.5 crore issue.
- 07Promoter holding fell from 100% before the issue to 71.91% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Denta Water & Infra Solutions offer document.
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 220.35 | 219.85 | 123.28 | 60.64 |
| Total Income | 98.51 | 241.84 | 175.75 | 119.64 |
| Profit After Tax | 24.20 | 59.73 | 50.11 | 38.34 |
| NET Worth | 188.46 | 164.26 | 104.55 | 54.43 |
| Reserves and Surplus | 169.26 | 145.06 | 99.74 | 49.63 |
| Total Borrowing | 0.71 | 0.86 | 1.15 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Denta Water & Infra Solutions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Denta Water & Infra Solutions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹31.11 | ₹18.13 |
| P/E Ratio (x) | 9.45 | 16.22 |
| Market Cap at Offer Price (₹ Cr) | ₹228.70 | ₹392.43 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹294 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹220.50 Cr of the issue is earmarked to named objects.
Denta Water & Infra Solutions IPO Anchor Investors
10 anchor investors across 10 fund houses committed ₹66.14 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Abakkus Diversified Alpha Fund-2 | Abakkus Mutual Fund | 340,150 | 10.00 | 15.12% |
| Persistent Growth Fund-Varsu India Growth Story Scheme 1 | Persistent Growth Fund-Varsu | 323,200 | 9.50 | 14.36% |
| Rajasthan Global Securities Pvt.ltd. | Rajasthan Global Securities | 323,200 | 9.50 | 14.36% |
| Saint Capital Fund | Saint Capital | 191,850 | 5.64 | 8.53% |
| Finavenue Capital Trust-Finavenue Growth Fund | Finavenue | 187,100 | 5.50 | 8.32% |
| Chhattisgarh Investments Ltd. | Chhattisgarh Investments | 187,100 | 5.50 | 8.32% |
| Steptrade Revolution Fund | Steptrade | 187,100 | 5.50 | 8.32% |
| Mint Focused Growth Fund Pcc-Cell 1 | Mint Focused | 170,100 | 5.00 | 7.56% |
| Astorne Capital Vcc-Arven | Astorne Capital | 170,100 | 5.00 | 7.56% |
| Aarth AIF | Aarth | 170,100 | 5.00 | 7.56% |
| Total anchor allocation | 66.14 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Completed projects include Byrapura, Hiremagaluru LIS and KC Valley. The KC Valley work is linked to wastewater management for Bengaluru. The company also takes part in work under the Jal Jeevan Mission.
Services run from investigation and feasibility studies to field surveys, design, project management and turnkey delivery.
The company also owns 98 acres of land in Madikeri, Karnataka, that produces coffee, pepper and cardamom, and a beach resort in Udupi. The IPO was a fresh issue of Rs 220.5 crore. Rs 150.00 crore was planned for working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
044-28140801/28140803
Check allotment status
The bankers & the filings
Who is running the book, and the documents this page is built from.
Denta Water & Infra Solutions IPO Documents
Read the filings this page is built from.
Company contact
Frequently asked
What is the GMP of Denta Water & Infra Solutions?
The current Grey Market Premium is ₹75, or 26% over the issue price.
What is the Denta Water & Infra Solutions IPO price band?
₹279 to ₹294, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 January 2025, with listing on 29 January 2025.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Integrated Registry Management Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
