Denta Water and Infra Solutions Limited

Denta Water and Infra Solutions Limited is a Bengaluru-headquartered engineering, procurement and construction company incorporated in 2016, specializing in groundwater recharge and water management infrastructure projects. Its services span preliminary investigations, feasibility studies, planning, field surveys, design, tender bidding consultancy, project management, construction supervision and operation and maintenance guidance, delivered on a turnkey basis for government and private clients, primarily in Karnataka. The company has completed 32 water management projects, acting as prime contractor, joint-venture partner or sub-contractor, including notable lift irrigation schemes such as the Byrapura and Hiremagaluru projects, and has also been involved in initiatives under the national Jal Jeevan Mission. It runs an asset-light business model with a small in-house team of engineers and designers, employing around 90 people as of late 2024. Ownership was fully held by the promoter group prior to listing, comprising Sowbhagyamma, Sujith TR, C Mruthyunjaya Swamy and Hema HM. The company used its entirely fresh-issue IPO to fund working capital and general corporate purposes, and has shown strong revenue and profit growth over recent fiscal years, though its business remains concentrated in government contracts within a single state.

The company raised about Rs 66 crore from anchor investors at the issue price of Rs 294 per share, with allocations to institutions including Abakkus Diversified Alpha Fund, Rajasthan Global Securities, Saint Capital Fund, Finavenue Capital Trust, Chhattisgarh Investments and Astorne Capital VCC.