Bookbuilding IPO | ₹31 Cr | Listed at BSE SME | Mon, Mar 24, 2025 - Wed, Mar 26, 2025
Desco Infratech IPO is a book build issue of ₹30.75 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹30.75 crore.
Desco Infratech IPO bidding started from Mar 24, 2025 and ended on Mar 26, 2025. The allotment for Desco Infratech IPO was finalized on Mar 27, 2025. The shares got listed on BSE SME on Apr 1, 2025.
Desco Infratech IPO price band is set at ₹150 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,50,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹3,00,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Desco Infratech IPO RHP for detailed Information.
IPO Open
Mon, Mar 24, 2025
IPO Close
Wed, Mar 26, 2025
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹115.14 Cr
| IPO Date | 24 to 26 Mar, 2025 |
| Listed on | Tue, Apr 1, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹147 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 20,50,000 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 1,07,000 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 19,43,000 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 19,43,000 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 56,26,008 shares |
| Share Holding Post Issue | 76,76,008 shares |
| BSE Script Code | 544387 |
| ISIN | INE0TGG01014 |
Desco Infratech IPO comprises a total issue size of 20,50,000 shares. The net offer to the public is 19,43,000 shares, after excluding 1,07,000 shares allotted on a firm basis. Of the Net offer 9,63,000 (49.56%) are allocated to QIB, 2,94,000 (15.13%) allocated to NII 6,86,000 (35.31%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,63,000 | 49.56% | 46.98% |
| − Anchor Investor Shares Offered | 5,77,000 | 28.15% | |
| − QIB (Ex. Anchor) Shares Offered | 3,86,000 | 18.83% | |
| NII (HNI) Shares Offered | 2,94,000 | 15.13% | 14.34% |
| Retail Shares Offered | 6,86,000 | 35.31% | 33.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,07,000 | 5.22% | |
| Total Shares Offered | 20,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,50,000 |
| Retail (Max) | 1 | 1,000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
Desco Infratech IPO raises ₹8.66 crore from anchor investors. Desco Infratech IPO Anchor bid date is March 21, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Mar 21, 2025 |
| Shares Offered | 5,77,000 |
| Anchor Portion (₹ Cr.) | 8.66 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Apr 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jun 25, 2025 |
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:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 36.12 | 23.80 | 20.65 | 11.73 |
| Total Income | 22.75 | 29.49 | 29.28 | 19.92 |
| Profit After Tax | 3.38 | 3.46 | 1.23 | 0.83 |
| NET Worth | 22.67 | 11.99 | 5.04 | 3.85 |
| Reserves and Surplus | 17.04 | 11.72 | 4.79 | 3.60 |
| Total Borrowing | 6.82 | 4.06 | 5.81 | 3.09 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat. | 1.04 |
| 2 | Funding of capital expenditure requirements towards purchase of machineries. | 1.68 |
| 3 | Funding Working Capital Requirements of the Company. | 18.00 |
| 4 | General Corporate Purposes. |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 40.61% |
| ROCE | 75.97% |
| Debt/Equity | 0.34 |
| RoNW | 28.83% |
| PAT Margin | 11.76% |
| Price to Book Value | 6.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.15 | 8.81 |
| P/E (x) | 24.4 | 17.03 |
| Promoter Holding | 79.29% | 58.12% |
| Market Cap | ₹115.14 Cr. |
The Desco Infratech IPO is subscribed 83.75 times on March 26, 2025 6:19:32 PM (Day 3). The public issue subscribed 50.62 times in the retail category, 28.76 times in the QIB category, and 233.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 28.76 | 3,86,000 | 1,11,00,000 | 0 |
| NII* | 233.26 | 2,94,000 | 6,85,78,000 | 0 |
| Retail | 50.62 | 6,86,000 | 3,47,28,000 | 0 |
| Total | 83.75 | 13,66,000 | 11,44,06,000 | 48,838 |
Total Application : 48,838
*Market Maker portion is not included to NII/HNI.
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹160.00 |
| Low | ₹160.00 |
| High | ₹168.00 |
| Last Trade | ₹168.00 |
Lead Manager Reports
Desco Infratech IPO is a SME IPO of 20,50,000 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Mar 24, 2025, and closes on Wed, Mar 26, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Desco Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in Desco Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Desco Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Desco Infratech IPO opens on Mon, Mar 24, 2025 and closes on Wed, Mar 26, 2025.
Desco Infratech IPO lot size is 1000, and the minimum amount required for application is ₹1,50,000.
You can apply in Desco Infratech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Desco Infratech IPO will be done on Thursday, March 27, 2025, and the allotted shares will be credited to your demat account by Fri, Mar 28, 2025. Check the Desco Infratech IPO allotment status.
The Desco Infratech IPO listing date is on Tue, Apr 1, 2025.
