Desco Infratech IPO
Open SmeCurrent GMP
₹5 (+3.33%)
Price Band
₹ 147 – 150
Lot Size
1000
Issue Size
₹30.75 Cr
Minimum Investment
₹300000 (2000 Shares)
Listing Date
01 April 2025
Subscription
77.74x
About the Company
Desco Infratech Limited, originally incorporated as Desco Infratech Private Limited in January 2011, became a public limited company in June 2024. The company is engaged in providing infrastructure and maintenance services, particularly in the city gas distribution sector in India. Their services include pipeline laying, installation, testing, erection, and commissioning for Piped Natural Gas (PNG) used by both domestic and commercial consumers. They also offer operation and maintenance (O&M) services, such as conducting leak detection tests on gas pipelines and deploying emergency response teams to manage potential hazards.
The company has diversified its services to include power infrastructure, offering installation, connectivity, and commissioning for Low Tension (LT) and High Tension (HT) cables. They received their first power-related project in Surat in 2023, involving traffic signal cable works. Additionally, Desco Infratech has expanded into water distribution infrastructure, including designing and constructing water distribution networks, open wells, and overhead tanks. They are also involved in renewable energy projects, such as a solar energy project at the Gujarat Hybrid Renewable Energy Park.
Desco Infratech operates in multiple states, including Gujarat, Haryana, Uttar Pradesh, and Punjab, and acquires projects through transparent competitive bidding. The company attributes its success to the leadership of its promoters, including Mr. Pankaj Pruthu Desai (Chairman and Managing Director) and his experienced team. Desco Infratech is committed to quality, with ISO 9001:2015 certification and adherence to strict compliance and quality standards.
Promoters
- Ms. Indiraben Pruthubhai Desai
- Mr. Pankaj Pruthu Desai
- Ms Hina Pankaj Desai
- Mr. Malhar P Desai
- Mr Samarth Pankaj Desai
Promoters Holding
Holding Pre Issue
79.29%
Holding Post Issue
58.12%
Objects of the Issue
Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat;
- Funding of capital expenditure requirements towards purchase of machineries;
- Funding Working Capital Requirements of our Company; and
- General corporate purposes
Address / Contact Info
Desco Infratech Limited
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 24 March 2025
IPO Close Date
Wednesday, 26 March 2025
Basis of Allotment
Thursday, 27 March 2025
Initiation of Refunds
Friday, 28 March 2025
Credit of Shares to Demat
Friday, 28 March 2025
Listing Date
Tuesday, 01 April 2025 — NSE & BSE
Important Dates
Open Date
24 March 2025
Close Date
26 March 2025
Basis Of Allotment
27 March 2025
Listing Date
01 April 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 36.12 | 23.8 | 20.65 | 11.73 |
| Revenue | 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 |
| Reserve & Surplus | 17.04 | 11.72 | 4.79 | 3.6 |
| Total Borrowings | 6.82 | 4.06 | 5.81 | 3.09 |
EPS Pre
6.15%
EPS Post
8.81%
P/E Pre
24.40
P/E (Post Issue)
17.03x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 40.61 |
| ROCE % | 75.97 |
| Debt / Equity | 0.34 |
| RoNW % | 28.83 |
| PbW | 0 |
| Pat Margin % | 11.76 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 386000 | 26.21 | 0 |
| Non-Institutional | 401000 | 27.22 | 0 |
| Retail Investors | 686000 | 46.57 | 0 |
| Total | 1473000 | 100 | 0 |
Subscription Status ( Wed, 26 Mar 25 12:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 386000 | 11100000 | 28.76x |
| Non-Institutional | 401000 | 68685000 | 171.28x |
| Retail Investors | 686000 | 34728000 | 50.62x |
| Total | 1473000 | 114513000 | 77.74x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | 150,000.00 |
| Retail (Max) | 1 | 1,000 | 150,000.00 |
| S-HNI (Min) | 2 | 2,000 | 300,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Desco Infratech IPO is a Book-building IPO worth ₹30.75 crores. The price band is ₹147 to 150 per share. The IPO opens on Mon, Mar 24, 2025 and closes on Wed, Mar 26, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Desco Infratech IPO opens on Mon, Mar 24, 2025 and closes on Wed, Mar 26, 2025
Desco Infratech IPO Price Band is ₹147 to 150.
Desco Infratech IPO lot size is 1000, and the minimum amount required for application is ₹300000.
The minimum investment for Desco Infratech IPO is approximately ₹300000 based on the upper price band.
To apply for the Desco Infratech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Mar 26, 2025. After submission, funds are blocked until the basis of allotment of Desco Infratech IPO is finalised.
Desco Infratech IPO issue size is ₹30.75 crores.
Desco Infratech IPO allotment date is Sat, Jun 27, 2026.
The registrar for Desco Infratech IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Desco Infratech IPO through their official website or helpline.
The Desco Infratech IPO GMP (Grey Market Premium) is ₹7 as of Tue, Apr 1, 2025. Based on the upper price band of ₹150 per share, the estimated Desco Infratech IPO listing price is ₹157, indicating a potential listing gain of approximately 31% over the issue price.