Desco Infratech IPO subscribed 83.75 times overall on the last day, a retail quota was subscribed over 50.62 times, NII was subscribed over 233.26 times, and QIB was subscribed over 28.76.
Desco Infratech IPO Details
The Desco Infratech IPO got approval from SEBI for an IPO of ₹30.75 crores. Desco Infratech IPO consists of a fresh issue of ₹30.75 crores with a face value of ₹10 each. Further, it had a set price band between ₹147 to ₹150 per share.
In the Desco Infratech IPO, 1000 shares were in 1 lot size for retail minimum and maximum categories.
Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Desco Infratech IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,50,000.
- SHNI (S-HNI): Minimum investment of ₹3,00,000.
Desco Infratech IPO’s Subscription Duration
Desco Infratech IPO’s subscription started on March 24, 2025, and closed on March 26, 2025. The Desco Infratech IPO’s allotment date was March 27, 2025, and they received a refund on March 28, 2025. Desco Infratech’s IPO listing is on April 1, 2025.
Desco Infratech IPO’s Funds Deployment
- The proceeds raised through the public issue will be utilized towards setting up of corporate office in Surat, Gujarat.
- The funds will be used to handle the purchase of machinery.
- To handle the working Capital Requirements of the Company.
- Lastly, the remaining funds will be utilized for the company’s General corporate purposes.
About Desco Infratech IPO Company
Desco Infratech Ltd, founded in January 2011, is one of the growing companies that focuses on offering infrastructure and maintenance services to city gas distribution divisions in India. The company is involved in tasks like pipeline laying, installation, testing, erection, and commissioning for Piped Natural Gas (PNG) utilized by both domestic and commercial users. From the checking of proper lock pressure to leak detection tests on MDPE pipelines are done to avoid the leakage of gas or accidents. Its operations perform both underground and above-ground gas pipeline work for carbon steel and MDPE pipelines. With an established presence across 14 states and 45+ cities in India, the company also specializes in Offering services in the power sector.
Desco Infratech IPO Company Financial Report
In FY24, the company generated a revenue of ₹29.49 crore, compared to the revenue of ₹29.28 crore in 2023. In FY24, the company reported a profit of ₹3.46 crores, compared to a profit of ₹1.23 crores in 2023.
