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Denta Water IPO
Price Band
₹279.0–294.0
Issue Size
₹220.5 Cr
Lot Size
50 shares
Min Investment
₹14,700
GMP
+₹73.0 (24.83%)
Issue Price
₹294.0
Subject to Sauda
₹2800
Paid only if allotted
Denta Water IPO AI Summary
- Denta Water IPO is listed on BSE, NSE.
- Price band: ₹279.0–₹294.0 per share, lot size 50 shares (min. investment ₹14,700).
- Subscription window: 22 Jan–24 Jan 2025, listing on 29 Jan 2025.
- Current GMP is +₹73.0 (24.83%), an estimated listing price of ₹367 — unofficial and can change daily.
Denta Water and Infra Solutions Limited is a growing player in the water management sector with a strong focus on groundwater recharge projects. The company has shown revenue growth over recent years, although recent figures reflect a drop that is not directly comparable due to the 9-month reporting period. Investors should consider the company's fundamentals and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Denta Water IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Jan 2025 — not a current signal.
13 of 14 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Denta Water IPO Grey Market Premium (GMP) Today
GMP
+₹73.0
GMP %
+24.83%
Est. Listing
₹367.0
Updated: 25 Jul 2026 14:31
About the Company
Incorporated in 2016, Denta Water and Infra Solutions Limited is a growing water and infrastructure solutions company engaged in designing, installing, and commissioning water management infrastructure projects with expertise in groundwater recharge projects. The company has experience in water engineering and EPC services, the company specializes in infrastructure projects, including groundwater recharging through recycled water, addressing growing water solution demands. The company has successfully executed major projects like Byrapura, Hiremagaluru LIS, and KC Valley, contributing to Bengaluru's wastewater management and supporting the Government's Jal Jeevan Mission. The company owns 98 acres of land in Madikeri, Karnataka, producing coffee, pepper, and cardamom. Additionally, it has a beach resort in Udupi, generating revenue through a facility management agreement. Services: The company provides a comprehensive range of water management services like Preliminary investigations and reconnaissance Feasibility studies Planning and project formulation Field surveys and soil testing Design services Tender bidding consultancy Project management and construction supervision Operation and maintenance guidelines Engineering procurement consultancy Turnkey projects As of November 30, 2024, the company has executed 32 water management projects 11 as the main contractor, 1 in a joint venture, and 20 as a sub-contractor. In addition, the company undertakes construction projects on railways and highways. As of November 30, 2024, the company had 89 permanent employees. Competitive Strengths: Established expertise in water management projects with special focus on groundwater recharging In-house expertise in designing and engineering of water management infrastructure projects Strong Management Team Strong order book Established track record for timely execution Efficient Business Model
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 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 |
Key Ratios
EPS
₹31.11
NAV
₹85.55
ROE
36.36%
ROCE
76.99%
RoNW
36.36%
P/B Value
5.01
P/E Ratio
9.45
Market Cap
₹784.98 Cr
PAT Margin
25.03%
Debt/Equity
0.01
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| EMS Limited | 143.73 | 19.13% | 27.47 | 29.38 | 29.38 |
| Va Tech Wabag Ltd. | 292.43 | 13.77% | 38.41 | 39.49 | 39.49 |
| Denta Water and Infra Solutions Limited This IPO | 85.55 | 36.36% | — | 31.11 | 31.11 |
Promoters
Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy and Hema HM
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet the working capital requirements 150.00 2 General Corporate Purposes 45.34 3 Issue Expenses 25.16 Total 220.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹175.75 Cr in the year ending 31 Mar 2023, increasing to ₹241.84 Cr by 31 Mar 2024. However, for the period ending 30 Sep 2024, total income dropped to ₹98.51 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹38.34 Cr for the year ending 31 Mar 2022, rising to ₹50.11 Cr by 31 Mar 2023, and further increasing to ₹59.73 Cr by 31 Mar 2024. For the period ending 30 Sep 2024, profit after tax was ₹24.20 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 9.45 trailing earnings, versus peers trading at 27.47-38.41.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. A positive GMP suggests that the stock is likely to list at a higher price than the issue price, while a negative GMP indicates a potential drop in price. Investors often use GMP as a gauge for demand and market sentiment before the listing.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, as they can be subject to price fluctuations and uncertainty in the early stages of trading.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscriptions is January 22, 2025, the closing date is January 24, 2025, allotment of shares will occur on January 27, 2025, and the listing date is set for January 29, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may surge on their debut due to high demand, others may experience a decline. Factors influencing listing performance include market sentiment, overall economic conditions, and the company's fundamentals.
This evaluation is generated from Denta Water's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Denta Water IPO GMP today?
Denta Water IPO GMP today is +₹73.0 (24.83%), indicating an estimated listing price of ₹367. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Denta Water IPO?
The price band of Denta Water IPO is ₹279.0–₹294.0 per share.
When does Denta Water IPO open and close?
Denta Water IPO opens on 22 January 2025 and closes on 24 January 2025.
When does Denta Water IPO list on the stock exchange?
Denta Water IPO listed on 29 January 2025 at ₹367.0.
What is the lot size for Denta Water IPO?
The lot size for Denta Water IPO is 50 shares, requiring a minimum investment of ₹14,700.
What is the price band for the Denta Water IPO?
The price band for the Denta Water IPO is ₹279.0 to ₹294.0.
What is the minimum investment required?
The minimum investment required is ₹14,700, which corresponds to a lot size of 50 shares.
When is the listing date for the Denta Water IPO?
The listing date for the Denta Water IPO is January 29, 2025.
What does GMP mean?
GMP, or Grey Market Premium, indicates the expected listing price of an IPO based on demand in the grey market.
What is the allotment date for the Denta Water IPO?
The allotment date for the Denta Water IPO is January 27, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Jan 2025
Close
24 Jan 2025
Allotment
27 Jan 2025
Listing
29 Jan 2025
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