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Denta Water IPO Review* by Paresh Gordhandas, CA & Research Analyst.
Dentawater and Infra Solutions IPODenta Water has emerged as a seasoned player in the field of water engineering, procurement, and construction (EPC) services. With a commendable track record in infrastructure project installations, including groundwater recharging through recycled water. As on October 31, 2023, it has completed 27 projects related to water management infrastructure development. As on October 31, 2023, it has 22 ongoing projects constituting an aggregate contract value of Rs. 9,842.26 million
Size: The company is planning to raise only Rs. 220.50 crore through this IPPO. The retail portion is only Rs. 77.18 crore and with 52500 applications, retail portion will be one time subscribed. Similarly HNI portion of Rs. 33.07 crore can get oversubscribed without any problem.
Financials: The company has strong profitability track record during last 3 years and the shares are offered at very reasonable valuation.
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