The Desco Infratech IPO minimum market lot is 1000 shares with ₹1,50,000 application amount. The Desco Infratech IPO is a SME IPO, and it is to be listed on BSE.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Desco Infratech IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.98 | 0.98 | 28.76 |
| NII | 3.45 | 12.67 | 233.26 |
| RII | 2.81 | 9.33 | 50.62 |
| Total | 2.43 | 7.69 | 83.75 |
Desco Infratech IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Desco Infratech IPO Review and Rating
- May Apply For Long-term View
Desco Infratech IPO Form
How to apply for the Desco Infratech IPO? You can apply for Desco Infratech IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Desco Infratech IPO in the Invest section. The other option is you can apply for Desco Infratech IPO via IPO forms downloaded online. Check out the Desco Infratech forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
