Denta Water and Infra Solutions Limited ("Denta Water") is a growing water and infrastructure solutions company established in 2016. The company designs, installs, and commissions water management infrastructure projects, specialising in groundwater recharging projects. They also provide operation and maintenance services for water treatment plants.

Denta Water and Infra Solutions, a Fixed Price Issue amounting to ₹ 220.50 Crores, the issue is entirely a fresh issue of 75 Lakh Shares worth 220.50 Crores. The subscription period for the Denta Water and Infra Solutions IPO opens on January 20, 2025, and closes on January 24, 2025. The allotment is expected to be finalized on or about Monday, January 27, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Thursday, January 29, 2025.

The Share price band of Denta Water and Infra Solutions IPO is set at ₹ 279 to ₹ 294 per equity share. The Market Capitalisation of the Denta Water and Infra Solutions Limited at IPO price of ₹ 294 per equity share will be ₹ 784.98 Crores. The lot size of the IPO is 50 shares. Retail investors are required to invest a minimum of ₹ 14,700, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (700 shares), amounting to ₹ 2,05,800.

SMC Capitals Limited is the book running lead manager of the Denta Water and Infra Solutions IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue.

Denta Water and Infra Solutions Limited IPO GMP Today
The Grey Market Premium of Denta Water and Infra Solutions Limited IPO is expected to be ₹ 132 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Denta Water and Infra Solutions Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
22 January 2025	₹ 294	₹ 426	₹132 (44.89%)	03:00 PM; 22 Jan 2025
20 January 2025	₹ 294	₹ 404	₹110 (37.41%)	03:00 PM; 20 Jan 2025
18 January 2025	₹ 294	₹ 367	₹73 (24.83%)	03:00 PM; 18 Jan 2025
17 January 2025	₹ 294	₹ 367	₹73 (24.83%)	01:00 PM; 17 Jan 2025

Denta Water and Infra Solutions Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 24 January, 2025, the Denta Water and Infra Solutions IPO live subscription status shows that the IPO subscribed 221.68 times on its Final day of subscription period. Check the Denta Water and Infra Solutions IPO Live Subscription Status Today at BSE.

Denta Water and Infra Solutions IPO Anchor Investors Report
Denta Water and Infra Solutions has raised ₹ 66.15 Crores from Anchor Investors at a price of ₹ 294 per shares in consultation of the Book Running Lead Managers. The company allocated 22,50,000 equity shares to the Anchor Investors. Check Full List of Denta Water and Infra Solutions Anchor Investor List

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Denta Water and Infra Solutions Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Denta Water and Infra Solutions IPO allotment date is 27 January, 2025, Monday. Denta Water and Infra Solutions IPO Allotment will be out on 27 January, 2025 and will be live on Registrar Website from the allotment date. Check Denta Water and Infra Solutions IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Denta Water and Infra Solutions Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Denta Water and Infra Solutions Limited IPO
Denta Water and Infra Solutions proposes to utilise the Net Proceeds towards the following objects: 
1) ₹ 150.00 Crores is required for working capital requirements of the Company;
2) ₹ 70.50 Crores for General Corporate Purposes.

Refer to Denta Water and Infra Solutions Limited RHP for more details about the Company.

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About Denta Water and Infra Solutions Limited

Business Overview

Denta Water and Infra Solutions Limited ("Denta Water"), established in 2016, is an Indian company specialising in providing water and wastewater treatment infrastructure solutions. Their core operations involve the design, installation, and commissioning of water management infrastructure projects. Denta Water possesses specific expertise in Groundwater Recharging (GWR) projects and offers concept-to-commissioning services for a diverse range of sub-sectors within the water management domain, including:

• Groundwater recharging

• Dams and reservoir engineering

• Lift irrigation

• Water supply and sanitation

• Urban and rural development

Core Business and Expertise:

• Denta Water's primary business lies in designing, installing, and commissioning water management infrastructure projects, with a particular expertise in groundwater recharge projects. They address the rising demand for water solutions through projects involving groundwater recharging using recycled water.

• Groundwater Recharge Expertise: The company has established itself as a leading player in GWR projects in Karnataka, having completed 32 such projects as of November 30, 2024. This expertise stems from their ability to efficiently manage water resources, evident in projects like filling tanks and check dams.

• Concept-to-Commissioning Services: Denta Water offers a comprehensive suite of services, encompassing all stages of a project's lifecycle, from preliminary investigations to operation and maintenance. This full-service approach allows them to cater to diverse client needs and manage projects from inception to completion.

Significant Projects and Contributions:

• Denta Water has successfully executed several pivotal projects, including the Byrapura and Hiremagaluru Lift Irrigation Schemes (LIS) and the KC Valley project. Their involvement in the KC Valley project, which utilizes treated wastewater for groundwater recharge, has contributed to Bengaluru's standing as the second-largest city globally in terms of treated wastewater quantity.

• Jal Jeevan Mission: The company actively supports the Indian government's Jal Jeevan Mission, which aims to provide safe and adequate drinking water to all rural households. This involvement reflects their commitment to critical water management initiatives in India.

Additional Revenue Streams:

• Agricultural Activities: Denta Water owns 98 acres of land in Madikeri, Karnataka, where they cultivate coffee, pepper, and cardamom, generating additional income.

• Hospitality: The company owns a beach resort in Udupi, managed by a group company under a facility management agreement, further diversifying their revenue streams.

Operational Structure:

• Workforce: As of November 30, 2024, Denta Water had 89 permanent employees. The company maintains a lean operational structure by outsourcing certain aspects of project execution, such as equipment supply and specific technical expertise.

• Project Procurement: Denta Water primarily secures contracts through competitive bidding processes for government projects, often in collaboration with other companies through joint ventures or sub-contracts. They also undertake sub-contracts from private entities.

Industry Analysis

The Indian Water and Wastewater Treatment market is a rapidly growing sector driven by numerous factors:

• Rising urbanisation and industrialisation: India is experiencing rapid urbanisation, leading to increased demand for clean water and effective wastewater treatment. By 2030, the demand for water is predicted to be double the available supply, emphasising the urgent need for innovative treatment technologies.

• Population growth: India's growing population puts significant pressure on existing water resources and infrastructure, driving demand for expanded and improved water management systems.

• Government initiatives: The Indian government has launched several initiatives, such as the Jal Jeevan Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), to promote water conservation, sanitation, and infrastructure development. These programs stimulate investment and innovation in the water treatment sector.

• Environmental consciousness: Growing awareness of environmental issues related to water scarcity and pollution is fuelling demand for sustainable water management practices, further propelling the market's growth.

The market is projected to expand at a compound annual growth rate (CAGR) of 6.27% in value, reaching USD 11,451.661 million by 2033.

South India is expected to dominate the market with a projected CAGR of 6.24%, driven by:

• High population density

• Rapid urbanisation exceeding 33% annually

• Robust industrial growth

The market is highly competitive, with numerous domestic and international players vying for market share. Companies compete on factors like:

• Service quality

• Technical expertise

• Pricing

• Track record

This intense competition often results in price wars and strategic partnerships. Technological advancements are another key factor shaping the industry, requiring companies to continuously innovate and adapt to remain competitive.

Business Strengths

• Established track record: Denta Water has successfully completed 32 projects across diverse segments as of November 30, 2024. This demonstrates the company's ability to execute projects effectively and deliver on commitments.

• Expertise in GWR projects: Denta Water's specialisation in GWR projects provides a unique selling proposition and positions the company in a niche area with significant growth potential. This expertise is particularly relevant in the context of India's growing water stress and the increasing importance of sustainable groundwater management.

• Concept-to-commissioning services: Denta Water offers comprehensive end-to-end solutions for clients across various water management sub-sectors. This approach simplifies project management for clients and allows Denta Water to capture a greater share of the value chain.

• Strong management team: Denta Water's leadership comprises experienced professionals with a proven track record in the industry. Their expertise in design, engineering, project management, and operations is critical to the company's success.

• Focus on timely project execution: Denta Water places a strong emphasis on completing projects on time and within budget. This commitment to timely delivery enhances the company's credibility and builds trust with clients, which is crucial in a competitive market.

• Asset-light business model: Denta Water's asset-light model, based on outsourcing certain project aspects and leveraging subcontractors, enables efficient capital utilisation. This results in lower upfront capital expenditure, reduced debt burden, and higher return on capital employed.

• Strategic focus: Denta Water has a focused approach, concentrating on specific segments and geographies like South India where it can leverage its expertise and competitive advantages. This strategy allows the company to effectively allocate resources and tailor its offerings to specific market needs.

• Robust order book: As of November 30, 2024, Denta Water has a strong order book with an aggregate contract value of ₹ 11,004.36 million, indicating strong future revenue visibility. This demonstrates market confidence in the company's capabilities and reinforces its growth trajectory.

Business Strategies

Denta Water's future growth strategy involves:

• Leveraging core competencies: The company plans to maintain and strengthen its position in GWR projects while expanding its expertise in emerging areas like water reuse and recycling. This strategy aligns with the growing focus on sustainable water management practices and allows Denta Water to capitalise on new market opportunities.

• Geographic expansion: Denta Water intends to diversify its operations beyond Karnataka, venturing into new markets like Gujarat, Madhya Pradesh, Maharashtra, and Uttar Pradesh. This expansion will mitigate risks associated with regional economic fluctuations and tap into the growing demand for water treatment solutions across India.

• Diversification: The company aims to broaden its revenue streams and strengthen its position in the broader infrastructure development sector by bidding for projects in areas like railways and highways. This strategy leverages Denta Water's existing expertise in project management and execution.

• Investment in technology: Denta Water plans to enhance its efficiency and competitiveness by investing in and adopting advanced water treatment technologies. This will enable the company to offer cutting-edge solutions and stay ahead of the curve in a rapidly evolving market.

Risk Factors and Concerns

Despite its strengths and strategic initiatives, Denta Water faces various risks and challenges:

• Intense competition: The highly competitive nature of the Indian Water and Wastewater Treatment market, with numerous domestic and international players, could pressure Denta Water's profitability. Price wars and strategic alliances among competitors may erode margins and make it challenging to secure new contracts.

• Financial and operational risks: Denta Water's dependence on the IPO for working capital requirements may indicate potential liquidity challenges. Securing financing for large-scale infrastructure projects can be difficult, and managing a growing order book within budget and timelines is crucial to maintaining profitability. Delays or inefficiencies could lead to increased costs and damage the company's reputation.

• Technological advancements: The rapid pace of technological change in the water treatment industry necessitates continuous investment and adaptation. Denta Water needs to keep pace with these advancements and adopt new technologies to remain competitive, which could strain resources.

• Regulatory changes: Denta Water's reliance on government contracts exposes the company to risks associated with regulatory changes and economic downturns that could impact government spending. Changes in regulations or policies could affect project approvals, tariffs, and overall business operations.

• Limited international presence: Currently, Denta Water primarily operates in India. This concentration exposes the company to regional economic fluctuations and may limit its growth potential. Expanding into international markets could offer diversification benefits but also presents new challenges related to navigating different regulatory environments and cultural nuances.

Despite these risks, Denta Water's established track record, strong management team, strategic focus on high-growth segments, and commitment to innovation position the company well for future success in the dynamic Indian water and wastewater treatment market. Denta Water's focus on sustainable solutions like GWR aligns with the growing need for responsible water management in India, and its asset-light model provides financial flexibility to navigate a competitive landscape.