Desco Infratech IPO Details
The Desco Infratech IPO is a book build issue with a total issue size of ₹30.75 cr, comprising of fresh issue of 2050000 equity shares. Desco Infratech IPO opened for subscription on Mar 24, 2025 and closed on Mar 26, 2025. Desco Infratech IPO is set price band at ₹147 to ₹150 per share, with a lot size of 1000 shares. Minimum investment for Retail investors was ₹300,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Mar 27, 2025, and listed on both the NSE and BSE on Apr 01, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Smart Horizon Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Desco Infratech IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 147 – 150
- Lot Size
- 1000
- Issue Size
- ₹30.75 Cr
- Minimum Investment
- ₹300000 (2000 Shares)
- Listing Date
- 01 April 2025
Current GMP
₹5 (+3.33%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Desco Infratech Limited
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.
Desco Infratech IPO 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%
Desco Infratech IPO Objective
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
Book Running Lead Managers
- Smart Horizon Capital Advisors Private Limited
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 with a total issue size of ₹30.75 crore. The Desco Infratech IPO price band is ₹147 to 150 per share. The Desco Infratech IPO subscription opens on Mon, Mar 24, 2025, and closes on Wed, Mar 26, 2025. The Desco Infratech IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Desco Infratech IPO.
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 per share.
Desco Infratech IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹300000 based on the upper price band
The minimum investment for Desco Infratech IPO is ₹300000, based on one lot of 1000 shares at the upper price band of ₹150 per share.
Investors can apply for the Desco Infratech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Mar 26, 2025. The application amount remains blocked until the Desco Infratech IPO allotment is finalized.
Desco Infratech IPO issue size is ₹30.75 crores.
Desco Infratech IPO allotment date is Wed, Jul 1, 2026.
The registrar for Desco Infratech IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Desco Infratech IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.