Denta Water and Infra Solutions files DRHP with SEBI to raise funds via IPO

Denta Water, an established player in water engineering, procurement, and construction (EPC) services, plans to deploy the proceeds from its recent fresh issue for critical working capital needs, totaling ₹150 crore. Of this sum, ₹50crore is earmarked for utilization in the ongoing financial year, with the remaining ₹ 100 crore slated for deployment in the subsequent financial year. Additionally, the remaining funds from the fresh issue will be allocated for general corporate purposes. The water and infrastructure solutions firm, specializing in groundwater recharging initiatives, has successfully concluded 27 projects associated with the development of water management infrastructure as of October 2023.