Rite Water Solutions IPO Details
MAINBOARD
Rite Water Solutions IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
The Lead Managers for Rite Water Solutions IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Axis Capital Ltd, Jm Financial Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Rite Water Solutions India Limited DRHP.
Rite Water Solutions IPO Details
Rite Water Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Rite Water Solutions IPO Reservation
Promoter Holding
Documents
Rite Water Solutions IPO Valuations
Rite Water Solutions Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 422.18 | 295.25 | 126.13 | 101.09 |
| Revenue | 309.65 | 206.84 | 121.59 | 78.86 |
| Profit After Tax | 71.51 | 49.28 | 25.02 | 8.68 |
| Net Worth | 305.71 | 234.2 | 93.17 | 68.19 |
| Total Borrowing | 45.93 | 18.65 | 4.35 | 16.76 |
| Amount in ₹ Crore | ||||
About Rite Water Solutions IPO
Incorporated in September 2024, Rite Water Solution Limited is a Clean-tech company in India offering diverse solutions for rural transformation, solar agriculture, and IoT for energy, agriculture, and water management.
The company operates on an asset-light model, which allows us to scale our operations efficiently without significant capital investments, ensuring flexibility and resilience.
The company's customers comprise state government departments, organisations, and private corporations.
They partnered with various government clients on water and solar agriculture solutions projects via schemes like Jal Jeevan Mission, PM Kusum Scheme, and NMCG.
As of December 31, 2024, the company has engaged in projects across 21,807 villages.
As of December 31, 2024, the company had 9,131 installations with a purifying capacity of 627.42 million litres of water daily for 6,990 villages in Maharashtra, Bihar, Jharkhand, Rajasthan, West Bengal, and Chhattisgarh.
Similarly, as of December 31, 2024, the company installed over 8,736 solar pumps under the PM Kusum Scheme in 3,831 villages of Maharashtra and Rajasthan and 22 solar cold storages to aid farmers in Maharashtra.
As of December 31, 2024, the company's ongoing IoT operations are focused on energy and water management, monitoring, and ooptimization
The company plans to implement 250 schemes to improve water management in 2,639 villages and 1,837 sub-stations, facilitating real-time data use, enhancing energy efficiency, and promoting smart farming.
As of December 31, 2024, the company had 282 employees on its payroll.
- Comprehensive solutions focused on Clean-tech projects across multiple hhigh-growthsectors
- Track record of executing complex projects backed by innovation, enabling a strong Order Book and client relationships.
- Asset-light business model enabling agility and scalability.
-
Sustainability-focused business model aligned with ESG principles and global sustainability goals.
Strength Of Rite Water Solutions IPO
Risk Of Rite Water Solutions IPO
Objectives Rite Water Solutions IPO
1. Funding Working Capital Requirements of the company;and
2. General corporate purposes
Company Contact Details
Rite Water Solutions (India) Ltd.
Plot No.K-60,
MIDC,
Industrial Area Hingna Road,
Nagpur, Maharashtra, 440016
Phone: +917122220002
Email: info@ritewater.in
Website: https://ritewater.in/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Rite Water Solutions IPO - FAQs
The Rite Water Solutions IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹2 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.