- IPO Details
- Opened: January 24, 2025
- Closes: January 24, 2025
- Size: ₹220.5 crore (75 lakh equity shares)
- Price Band: ₹279-₹294 per share
- Subscription Status (First Day)
- Fully subscribed within minutes of opening.
- Overall subscription: 6.59x (as of 12:14 PM on Day 1).
- Retail category: 7.61x
- Non-Institutional Investors (NII): 10.95x
- Qualified Institutional Buyers (QIB): 1.55x
- Post-IPO Timeline
- Share Allotment: January 27, 2025
- Listing on NSE & BSE: January 29, 2025
- Grey Market Premium (GMP)
- Current GMP: ₹459 (56.12% premium over upper price band).
- Indicates strong listing gains for investors.
- Company Overview
- Founded: 2016, Bangalore, Karnataka
- Specialisation: Water management projects, groundwater recharge, and infrastructure solutions (railway and highway sectors).
- Completed Projects: 32 (11 as the main contractor).
- Financial Highlights
- Revenue Growth: ₹119.6 crore (FY22) to ₹238.6 crore (FY24) – CAGR of 41.3%.
- EBITDA Growth: ₹51.8 crore (FY22) to ₹79.1 crore (FY24) – CAGR of 23.6%.
- PAT Growth: ₹59.7 crore (FY24) – CAGR of 24.8%.
- Industry Outlook
- Indian water and wastewater market expected to grow at a CAGR of 6.20%, reaching USD 24 billion by 2033.
- Brokerage Recommendation (Geojit Financial)
- Valuation: Available at a P/E of 16.2 (FY25 Annualised), lower than peers.
- Focus: Strong order pipeline, water management opportunities, consistent financial performance.
- Recommendation: Subscribe for short- to medium-term investment.
- Utilisation of IPO Proceeds
- ₹150 crore for working capital.
- Remaining for general corporate purposes.
Summary:
Denta Water and Infra Solutions IPO offers a strong investment opportunity with high subscription demand, robust financial performance, and a promising growth outlook in the water management sector.
