Denta Water and Infra Solutions Limited, a growing water and infrastructure solutions companies engaged in design, installation and commissioning of water management infrastructure projects with expertise in ground water recharging projects, has fixed the price band of ₹279/- to ₹294/- per Equity Share of face value ₹10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Wednesday, January 22, 2025, for subscription and close on Friday, January 24, 2025. Investors can bid for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter.
The IPO is entirely a fresh issue of equity shares up to 75,00,000 with no offer for sale component.
The proceeds from its fresh issuance to the extent of Rs 150 crore will be utilized for meeting working capital requirements; and general corporate purpose, subject to the applicable laws.
Established in 2016, Denta Water and Infra Solutions Limited, has emerged as one of the key players in the field of water engineering, procurement, and construction (“EPC”) services. It has contributed to addressing the rising demand for water-related solutions in the country, with a meritorious track record in infrastructure project installations, including groundwater recharging through recycled water.
The company’s notable achievements include the Byrapura and Hiremagaluru LIS Project, Karagada LIS Project, and others, primarily executed through lift irrigation systems. It has significant involvement in the “Jal Jeevan Mission” of the Government of India reflects its commitment to critical water management initiatives, under which it was awarded three projects i.e.“Kerehalli Drinking Water Project” and “Chikkabenakal Drinking Water Project” and Rehabilitation of MVS to Doddakowlande and other 55 Villages of Nanjangud Taluk which are located in the State of Karnataka.
Denta Waters has completed 32 water management projects out of which 11 projects as the main contractor, 1 project has been undertaken under a consortium / joint venture arrangement and 20 projects have been undertaken under a sub-contract arrangement with the main contractor.
SMC Capitals Limited is the sole book-running lead manager, and Integrated Registry Management Services Private Limited is the registrar of the issue.
