Desco Infratech IPO subscription started on Monday, March 24, 2025, and will close on March 26, 2025, as per the schedule. The price band is set at ₹147 to ₹150 per share with a face value of ₹10.
Desco Infratech IPO Subscription Status
Desco Infratech IPO Subscribed over 2.43x on its First till 5.00 PM on 24th March 2025.
- Desco Infratech IPO subscription QIB investors portion is 0.98x, while NII subscribed 3.45x, and RII investors subscribed 2.81x.
- The company has received bids for 33,24,000 shares against 13,66,000 shares on offer on the First subscription.
- Desco Infratech IPO subscribed over 2.43x on its First day.
About Desco Infratech Company
One of the prominent companies specializing in offering infrastructure and maintenance services to city gas distribution divisions in India, Desco Infratech Limited incorporated in January 2011 is involved in activities like pipeline laying, installation, testing, erection, and commissioning for Piped Natural Gas (PNG) utilized by both domestic and commercial users. To prevent any gas losses or potential accidents from the leaks, they make sure to do proper lock pressure and leak detection tests on MDPE pipelines. The company’s O&M operations and maintenance services involve both underground and above-ground gas pipeline work for carbon steel and MDPE pipelines. Additionally, the company also started providing services in the power sector, focusing on installing, connecting, commissioning, and setting up low-tension (LT) and high-tension (HT) cables guaranteeing continuous performance of gas distribution systems. Currently, the company established a presence across 14 states and 45+ cities in India.
Desco Infratech Financial Report
The company reported revenue of ₹29.49 crore in 2024 against ₹29.28 crore in 2023. The company reported profit of ₹3.46 crores in 2024 against profit of ₹1.23 crores in 2023.
Desco Infratech IPO GMP:
Desco Infratech IPO GMP was ₹8 as of Monday, 24th March 2025. That indicates the IPO is trading at ₹158 with ₹8 premium in the grey market against the issue price of ₹150.
