1
Open
[.]
2
Close
[.]
3
Allotment
—
4
Listing
[.]
Issue Size
[.] shares (agg. up to ₹745 Cr)
Listing Date
[.]
✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 422.18 | 295.25 | 126.13 | 101.09 |
| Total Income | 309.65 | 206.84 | 121.59 | 78.86 |
| Profit After Tax | 71.51 | 49.28 | 25.02 | 8.68 |
| NET Worth | 305.71 | 234.20 | 93.17 | 68.19 |
| Total Borrowing | 45.93 | 18.65 | 4.35 | 16.76 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sattva Engineering Construction Ltd. | SME | ₹35.38 Cr | ₹75 | 10.46 | ₹99.85 | +33.13% | ₹77.75 (-1.58%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 225.21 |
| 2 | General Corporate Purposes | |
| Total | 225.21 |
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, 2
Contact Details
Rite Water Solutions (India) Ltd. AddressPlot No.K-60,MIDC,Industrial Area Hingna Road,Nagpur, Maharashtra, 440016+917122220002info@ritewater.inVisit Website