Denta Water and Infra Solutions Limited — Others, 14-05-2025: Monitoring Agency Report

Denta Water and Infra Solutions Limited has announced a Monitoring Agency Report on its IPO proceeds of Rs. 220.50 crore. The company has utilized Rs. 49.47 crore mainly for working capital, focused on construction materials and subcontractor payments, Rs. 14.14 crore for corporate expenses including taxes and salaries, and Rs. 24.42 crore for issue expenses. Unutilized funds of Rs. 132.47 crore are parked in fixed deposits yielding 6.90-7.25% interest. Eleven ongoing projects with an unexecuted order book of Rs. 279.83 crore are progressing smoothly despite pending extension approvals, with no deviation from the IPO objectives.