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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 ₹150.00 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 investment for 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 Date | March 24, 2025 to March 26, 2025 |
| Listing Date | April 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹147 to ₹150 per share |
| Issue Price Final | ₹150 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,50,000 shares (aggregating up to ₹30.75 Cr) |
| Reserved for Market Maker | 1,07,000 shares Rikhav Securities Ltd. (aggregating up to ₹1.61 Cr) |
| Net Offered to Public | 19,43,000 shares (aggregating up to ₹29.15 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 |
Desco Infratech IPO offers total 20,50,000 shares. Out of which 9,63,000 (46.98%) allocated to QIB, 3,86,000 (18.83%) allocated to QIB (Ex- Anchor), 2,94,000 (14.34%) allocated to NII, 6,86,000 (33.46%) allocated to RII and 5,77,000 (28.15%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,07,000 (5.22%) |
| QIB Shares Offered | 9,63,000 (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 (14.34%) |
| Retail Shares Offered | 6,86,000 (33.46%) |
| Total Shares Offered | 20,50,000 (100.00%) |
Desco Infratech IPO raises ₹8.66 crore from anchor investors. Desco Infratech IPO Anchor bid date is March 21, 2025. Desco Infratech IPO Anchor Investors list
| Bid Date | March 21, 2025 |
| Shares Offered | 5,77,000 |
| Anchor Portion Size (In Cr.) | 8.66 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 25, 2025 |
Desco Infratech IPO opens on March 24, 2025, and closes 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 Wed, Mar 26, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 23.8 | 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 | 3.6 |
| Total Borrowing | 6.82 | 4.06 | 5.81 | 3.09 |
| Amount in ₹ Crore | ||||
The market capitalization of Desco Infratech IPO is ₹115.14 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 6.15 | 8.81 |
| P/E (x) | 24.4 | 17.03 |
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 crores) |
|---|---|---|
| 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. |
[Dilip Davda] DIL is engaged in the business of providing infrastructure and maintenance services for city gas/ power distribution, and water supply related services. It marked static top lines for FY23 and FY24, but posted higher margins for FY24. The company posted bumper margins for H1 of FY25 that raises eyebrows and concern over its sustainability. The company is operating in a highly competitive and fragmented segment. Based on its super recent earnings, the issue appears aggressively priced. Low equity base post-IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | April 1, 2025 |
| BSE Script Code | 544387 |
| NSE Symbol | |
| ISIN | INE0TGG01014 |
| Final Issue Price | ₹150 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹150.00 |
| Open | ₹160.00 |
| Low | ₹160.00 |
| High | ₹168.00 |
| Last Trade | ₹168.00 |
Desco Infratech Ltd.
A-703, Swastik Universal,
Next to Valentine Theatre, Dumas Road,
Umra,
Surat, Gujarat, 395007
Phone: +91 7574 999 09
Email: investors@descoinfra.co.in
Website: https://www.descoinfra.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Desco Infratech IPO is a SME IPO of 20,50,000 equity shares of the face value of ₹10 aggregating up to ₹30.75 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 1000.
The IPO opens on March 24, 2025, and closes on March 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 March 24, 2025 and closes on March 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 Friday, March 28, 2025. Check the Desco Infratech IPO allotment status.
The Desco Infratech IPO listing date is on Tuesday, April 1, 2025.
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