Desco Infratech IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 24 to Mar 26 2025
Price Band
₹150
Current GMP
₹160(6.67%)
Subscription
83.75 times
IPO Details
| IPO Date | March 24, 2025 to March 26, 2025 |
| Listing Date | April 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 20,50,000 shares (aggregating up to ₹30.75 Cr) |
| Fresh Issue | 20,50,000 shares (aggregating up to ₹30.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 56,26,008 shares |
| Share Holding Post Issue | 76,76,008 shares |
| Market Maker Portion | 1,07,000 sharesRikhav Securities Limited |
IPO Date
March 24, 2025 to March 26, 2025
Listing Date
April 1, 2025
Face Value
₹10 per share
Issue Price
₹150 per share
Lot Size
1,000 Shares
Total Issue Size
20,50,000 shares (aggregating up to ₹30.75 Cr)
Fresh Issue
20,50,000 shares (aggregating up to ₹30.75 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
56,26,008 shares
Share Holding Post Issue
76,76,008 shares
Market Maker Portion
1,07,000 sharesRikhav Securities Limited
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 28.76 |
| Non-Institutional Buyers*** | 233.26 |
| Retail Investors | 50.62 |
| Total ** | 83.75 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
28.76
Non-Institutional Buyers***
233.26
Retail Investors
50.62
Total **
83.75
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 24, 2025 | 0.98 | 3.45 | 2.81 | 2.43 |
| Day 2 Mar 25, 2025 | 0.98 | 12.67 | 9.33 | 7.69 |
| Day 3 Mar 26, 2025 | 28.76 | 233.26 | 50.62 | 83.75 |
DayDay 1
Mar 24, 2025
QIB0.98
NII*3.45
Retail2.81
Total2.43
DayDay 2
Mar 25, 2025
QIB0.98
NII*12.67
Retail9.33
Total7.69
DayDay 3
Mar 26, 2025
QIB28.76
NII*233.26
Retail50.62
Total83.75
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-04-2025 | 150.00 | 0(0.00%) | 150 |
| 31-03-2025 | 150.00 | 5.5(3.67%) | 155.5 |
| 30-03-2025 | 150.00 | 5(3.33%) | 155 |
| 29-03-2025 | 150.00 | 5(3.33%) | 155 |
| 28-03-2025 | 150.00 | 7(4.67%) | 157 |
| 27-03-2025 | 150.00 | 8(5.33%) | 158 |
| 26-03-2025 | 150.00 | 12(8.00%) | 162 |
| 25-03-2025 | 150.00 | 18(12.00%) | 168 |
| 24-03-2025 | 150.00 | 16(10.67%) | 166 |
| 23-03-2025 | 150.00 | 20(13.33%) | 170 |
| 22-03-2025 | 150.00 | 20(13.33%) | 170 |
| 21-03-2025 | 150.00 | 8(5.33%) | 158 |
| 20-03-2025 | 150.00 | 8(5.33%) | 158 |
| 19-03-2025 | 150.00 | 0(0.00%) | (0.00%) |
| 18-03-2025 | 0(%) | (%) |
Date01-04-2025
Price150.00
GMP0(0.00%)
Estimate List Price150
Date31-03-2025
Price150.00
GMP5.5(3.67%)
Estimate List Price155.5
Date30-03-2025
Price150.00
GMP5(3.33%)
Estimate List Price155
Date29-03-2025
Price150.00
GMP5(3.33%)
Estimate List Price155
Date28-03-2025
Price150.00
GMP7(4.67%)
Estimate List Price157
Date27-03-2025
Price150.00
GMP8(5.33%)
Estimate List Price158
Date26-03-2025
Price150.00
GMP12(8.00%)
Estimate List Price162
Date25-03-2025
Price150.00
GMP18(12.00%)
Estimate List Price168
Date24-03-2025
Price150.00
GMP16(10.67%)
Estimate List Price166
Date23-03-2025
Price150.00
GMP20(13.33%)
Estimate List Price170
Date22-03-2025
Price150.00
GMP20(13.33%)
Estimate List Price170
Date21-03-2025
Price150.00
GMP8(5.33%)
Estimate List Price158
Date20-03-2025
Price150.00
GMP8(5.33%)
Estimate List Price158
Date19-03-2025
Price150.00
GMP0(0.00%)
Estimate List Price(0.00%)
Date18-03-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Mon, Mar 24, 2025 |
| IPO Close Date | Wed, Mar 26, 2025 |
| Tentative Allotment | Thu, Mar 27, 2025 |
| Initiation of Refunds | Fri, Mar 28, 2025 |
| Credit of Shares to Demat | Fri, Mar 28, 2025 |
| Tentative Listing Date | Tue, Apr 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2025 |
IPO Open Date
Mon, Mar 24, 2025
IPO Close Date
Wed, Mar 26, 2025
Tentative Allotment
Thu, Mar 27, 2025
Initiation of Refunds
Fri, Mar 28, 2025
Credit of Shares to Demat
Fri, Mar 28, 2025
Tentative Listing Date
Tue, Apr 1, 2025
Cut-off time for UPI mandate confirmation
5 PM on March 26, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,50,000 |
| Retail (Max) | 1 | 1000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
ApplicationRetail (Min)
Lots1
Shares1000
Amount₹1,50,000
ApplicationRetail (Max)
Lots1
Shares1000
Amount₹1,50,000
ApplicationHNI (Min)
Lots2
Shares2,000
Amount₹3,00,000
Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 36.12 | 23.8 | 20.65 |
| Revenue | 22.75 | 29.49 | 29.28 |
| Profit After Tax | 3.38 | 3.46 | 1.23 |
| Net Worth | 22.67 | 11.99 | 5.04 |
| Reserves and Surplus | 17.04 | 11.72 | 4.79 |
| Total Borrowing | 6.82 | 4.06 | 5.81 |
Period EndedPeriod Ended
30 Sep 202430 Sep 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Sep 202436.12
31 Mar 202423.8
31 Mar 202320.65
Period EndedRevenue
30 Sep 202422.75
31 Mar 202429.49
31 Mar 202329.28
Period EndedProfit After Tax
30 Sep 20243.38
31 Mar 20243.46
31 Mar 20231.23
Period EndedNet Worth
30 Sep 202422.67
31 Mar 202411.99
31 Mar 20235.04
Period EndedReserves and Surplus
30 Sep 202417.04
31 Mar 202411.72
31 Mar 20234.79
Period EndedTotal Borrowing
30 Sep 20246.82
31 Mar 20244.06
31 Mar 20235.81
IPO Reservation
| Anchor Investor Shares Offered | 5,77,000 (28.15%) |
| Market Maker Shares Offered | 1,07,000 (5.22%) |
| QIB Shares Offered | 3,86,000 (18.83%) |
| NII (HNI) Shares Offered | 2,94,000 (14.34%) |
| Retail Shares Offered | 6,86,000 (33.46%) |
| Total Shares Offered | 20,50,000 (100%) |
Anchor Investor Shares Offered
5,77,000 (28.15%)
Market Maker Shares Offered
1,07,000 (5.22%)
QIB Shares Offered
3,86,000 (18.83%)
NII (HNI) Shares Offered
2,94,000 (14.34%)
Retail Shares Offered
6,86,000 (33.46%)
Total Shares Offered
20,50,000 (100%)
Information about company
Incorporated in January 2011, Desco Infratech Limited is an infrastructure company focused on Engineering, Planning, & Construction, particularly in City Gas Distribution, Renewable Energy, Water, and Power sectors.
The company operates across various sectors, including City Gas Distribution, Renewable Energy, Water, and Power.
The company specializes in critical infrastructure projects, including city gas distribution (CGD), power transmission, water supply systems, and renewable energy solutions.
The company specializes in developing and constructing pipelines, roads, bridges, and other critical structures, focusing strongly on City Gas Distribution (CGD), renewable energy, water management, and power infrastructure.
The company has expanded its operations across over 55 cities in 14 states, laying over 4,000 kilometres of Medium-Density Polyethylene (MDPE) pipelines and delivering over 200,000 piped natural gas connections to residential, industrial, and commercial establishments.
The company offers infrastructure services like designing and constructing water distribution networks, open wells, sump wells, and overhead tanks.
As of December 31, 2024, the Company had 234 employees across various locations.
Competitive Strength:
Extensive experience in city gas distribution and maintenance services.
Experienced promoters and management team.
Direct Relationship with Suppliers.
SOPs are vital for city gas distribution contracting services.
Adherence to Safety and Compliance Standards.
Objectives of IPO
The Company Desco Infratech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat.
10.43
2
Funding of capital expenditure requirements towards purchase of machineries.
16.8
3
Funding Working Capital Requirements of the Company.
180
4
General Corporate Purposes.
Disclaimer
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We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
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