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Desco Infratech IPO vs TSC India IPO

Comparison between Desco Infratech IPO and TSC India IPO.

IPO Details

Desco Infratech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while TSC India IPO is a SME Bookbuilding proposed to list at NSE SME.

 Desco Infratech IPOTSC India IPO
LogoDesco Infratech IPO LogoTSC India IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSmart Horizon Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerRikhav Securities Ltd.Prabhat Financial Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Desco Infratech IPO is up to ₹29.15 Cr whereas the issue size of the TSC India IPO is up to ₹24.58 Cr. The final issue price of Desco Infratech IPO is ₹150.00 per share and of TSC India IPO is ₹70.00 per share.

 Desco Infratech IPOTSC India IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹147.00 per share₹68.00 per share
Issue Price (Upper)₹150.00 per share₹70.00 per share
Issue Price (Final)₹150.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size19,43,000 shares35,12,000 shares
Fresh Issue Size (Amount)up to ₹29.15 Crup to ₹24.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total19,43,000 shares35,12,000 shares
Issue Size Total (Amount)up to ₹29.15 Crup to ₹24.58 Cr

IPO Timetable

Desco Infratech IPO opens on Mar 24, 2025, while TSC India IPO opens on Jul 23, 2025. The closing date of Desco Infratech IPO and TSC India IPO is Mar 26, 2025, and Jul 25, 2025, respectively.

 Desco Infratech IPOTSC India IPO
Anchor Bid DateMar 21, 2025Jul 22, 2025
Issue OpenMar 24, 2025Jul 23, 2025
Issue CloseMar 26, 2025Jul 25, 2025
Basis Of Allotment (Tentative)Mar 27, 2025Jul 28, 2025
Initiation of Refunds (Tentative)Mar 28, 2025Jul 29, 2025
Credit of Share (Tentative)Mar 28, 2025Jul 29, 2025
Listing date (Tentative)Apr 01, 2025Jul 30, 2025
Anchor Lockin End date 1Apr 26, 2025Aug 27, 2025
Anchor Lockin End date 2Jun 25, 2025Oct 26, 2025

Financials & KPIs

Desco Infratech IPO P/E ratio is 24.4, as compared to TSC India IPO P/E ratio of 15.44.

 Desco Infratech IPOTSC India IPO
Financials

Desco Infratech Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets36.1223.820.6511.73
Total Income22.7529.4929.2819.92
Profit After Tax3.383.461.230.83
Net Worth22.6711.995.043.85
Reserves and Surplus17.0411.724.793.6
Total Borrowing6.824.065.813.09
Amount in ₹ Crore

TSC India Ltd. Financial Information (Restated Consolidated)

TSC India Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets61.4553.3326.16
Total Income26.3220.599.85
Profit After Tax4.934.721.22
EBITDA8.758.192.82
Net Worth15.838.744.56
Reserves and Surplus5.486.822.64
Total Borrowing25.5317.7613.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)79.2990.74
Promoter Shareholding (Post-Issue)58.1266.85
P/E Ratio24.415.44
Market Cap₹115.14 Cr.₹98.34 Cr.
ROE40.61%31.13%
ROCE75.97%19.49%
Debt/Equity0.34
EPS₹6.15₹4.53
RoNW28.83%31.13%

Shares Offered

In the Desco Infratech IPO Retail Individual Investors (RII) are offered 6,86,000 shares while in TSC India IPO retail investors are offered 6,86,000 shares. Qualified Institutional Buyers (QIB) are offered 3,86,000 shares in Desco Infratech IPO and 7,02,000 shares in TSC India IPO.

 Desco Infratech IPOTSC India IPO
Anchor Investor Reserveration5,77,000 shares10,50,000 shares
Market Maker Reserveration1,07,000 shares1,86,000 shares
QIB3,86,000 shares7,02,000 shares
NII2,94,000 shares5,28,000 shares
RII6,86,000 shares12,32,000 shares
Employee0 shares0 shares
Others
Total19,43,000 shares35,12,000 shares

Bids Received (Subscription)

Desco Infratech IPO subscribed 83.75x in total, whereas TSC India IPO subscribed 73.21x.

 Desco Infratech IPOTSC India IPO
QIB (times)28.76x40.03x
NII (times)233.26x133.17x
Big NII (times)
Small NII (times)
RII (times)50.62x66.47x
Employee (times)
Other (times)
Total (times)83.75x73.21x