Desco Infratech Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 23-03-2025 | 25-03-2025 | ₹10 per share | 0 | 1,000 Shares | BSE SME | 20,50,000 shares (aggregating up to ₹30.75 Cr) | 2025-03-26 00:00:00 | 2025-03-27 00:00:00 | 2025-03-27 00:00:00 | 31-03-2025 |
About The Company
Desco Infratech IPO is a book built issue of Rs 30.75 crores. The issue is entirely a fresh issue of 20.50 lakh shares.
Desco Infratech IPO opens for subscription on March 24, 2025 and closes on March 26, 2025. The allotment for the Desco Infratech IPO is expected to be finalized on Thursday, March 27, 2025. Desco Infratech IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, April 1, 2025.
Desco Infratech IPO price band is set at ₹147 to ₹150 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,47,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,50,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹3,00,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager of the Desco Infratech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Desco Infratech IPO is Rikhav Securities Limited.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 12 | 20 | 1 | 3.85 | 3.6 | 3.09 |
| 30-03-2023 | 21 | 29 | 1 | 5.04 | 4.79 | 5.81 |
| 30-03-2024 | 24 | 29 | 3 | 11.99 | 11.72 | 4.06 |
| 29-09-2024 | 36 | 23 | 3 | 22.67 | 17.04 | 6.82 |
IPO Listing Details
| Listing Date | 31-03-2025 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
The promoters of the Company are Ms. Indiraben Pruthubhai Desai, Mr. Pankaj Pruthu Desai, Ms Hina Pankaj Desai, Mr. Malhar P Desai and Mr Samarth Pankaj Desai
Contact Information of the Company
Desco Infratech Limited
A-703, Swastik Universal,
Next to Valentine Theatre, Dumas Road,
Umra,
Phone: +91 7574 999 09
Email: investors@descoinfra.co.in
Website: https://www.descoinfra.co.in/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Manager
Smart Horizon Capital Advisors Private Limited (Past IPO Performance)