Desco Infratech IPO
The Desco Infratech IPO will open for subscription from March 24, 2025, to March 26, 2025. This SME IPO will be listed on the BSE SME exchange. The company is offering a book-built issue IPO, meaning the final share price will be determined within a given price range.
The IPO has a face value of ₹10 per share and is being offered at a price band of ₹147 to ₹150 per share. Investors need to bid in lot sizes of 1,000 shares. The total issue size consists of 20,50,000 fresh issue shares, aggregating up to ₹30.75 crore. No offer-for-sale (OFS) in this Desco Infratech IPO, meaning all proceeds will go directly to the company.
Before the IPO, Desco Infratech had a pre-issue shareholding of 56,26,008 shares, which will increase to 76,76,008 shares post-issue, reflecting the new equity issuance. This IPO has also included a market maker portion of 1,07,000 shares, handled by Rikhav Securities Limited to ensure liquidity in the SME segment.
Desco Infratech IPO Important Dates
The Desco Infratech IPO will available for Subscription on March 24, 2025, and will close on March 26, 2025. The Expected date for the Desco Infratech IPO allotment is March 27, 2025. Following this, the initiation of refunds for unsuccessful applicants and the credit of shares to Demat accounts will take place on March 28, 2025. The Expected listing date of This Desco Infratech IPO on the BSE SME exchange is April 1, 2025. Additionally, investors using UPI for payments must confirm their mandate before the cut-off time of 5 PM on March 26, 2025.
Draco Infratech IPO Reservation
Desco Infratech IPO has a structured reservation for different investor categories. Qualified Institutional Buyers (QIBs) can subscribe to not more than 50% of the net issue, ensuring a significant portion is allocated to institutional investors. Retail investors are guaranteed at least 35% of the net issue, providing ample opportunity for small investors to participate. Meanwhile, Non-Institutional Investors (NII) or High Net-worth Individuals (HNI) can subscribe to not more than 15% of the net issue.
Desco Infratech IPO Lot Size
Desco Infratech IPO has a minimum lot size of 1,000 shares, and investors can bid in multiples of this amount. Retail bidder can bid for a minimum of 1 lot (1,000 shares) and a maximum of 1 lot (1,000 shares), requiring an investment of ₹1,50,000. High Net-worth Individuals (HNI) must apply for at least 2 lots (2,000 shares), which amounts to an investment of ₹3,00,000. This lot size structure ensures regulated participation from both retail and HNI investors.
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Desco Infratech Financial
As of September 30, 2024, the company reported total assets of ₹36.12 crore, a significant increase from ₹23.8 crore in March 2024, ₹20.65 crore in March 2023, and ₹11.73 crore in March 2022. Revenue stood at ₹22.75 crore for the half-year ending September 2024, compared to ₹29.49 crore in March 2024, ₹29.28 crore in March 2023, and ₹19.92 crore in March 2022. The company’s profit after tax (PAT) increased to ₹3.38 crore as of September 2024, maintaining a strong position from ₹3.46 crore in March 2024, ₹1.23 crore in March 2023, and ₹0.83 crore in March 2022.
Net worth has significantly improved to ₹22.67 crore from ₹11.99 crore in March 2024 and ₹5.04 crore in March 2023. Reserves and surplus have grown to ₹17.04 crore, while total borrowings stood at ₹6.82 crore as of September 2024.
More About Desco Infratech Company
Desco Infratech Limited, incorporated in January 2011, is an infrastructure company specializing in engineering, planning, and construction across multiple sectors, including City Gas Distribution (CGD), renewable energy, water supply, and power infrastructure. The company has developed critical infrastructure such as pipelines, roads, bridges, and other key structures. It has expanded its operations to over 55 cities in 14 states, installing more than 4,000 kilometers of Medium-Density Polyethylene (MDPE) pipelines and providing piped natural gas connections to over 200,000 residential, industrial, and commercial establishments.
Additionally, the company offers water infrastructure services, including the construction of water distribution networks, sump wells, and overhead tanks. As of December 31, 2024, Desco Infratech employed 234 people across its various locations. The company’s competitive strengths include extensive experience in CGD and maintenance services, a strong management team, direct supplier relationships, adherence to Standard Operating Procedures (SOPs) for CGD contracting, and a strict focus on safety and compliance standards.
Desco Infratech Company Promoter
Desco Infratech Limited’s promoters include Ms. Indiraben Pruthubhai Desai, Mr. Pankaj Pruthu Desai, Ms. Hina Pankaj Desai, Mr. Malhar P Desai, and Mr. Samarth Pankaj Desai. Before the IPO, the promoters collectively held a 79.29% stake in the company.
Desco Infratech IPO Registrar
The IPO registrar for Desco Infratech Limited is Bigshare Services Pvt Ltd, a well-known registrar handling IPO applications, allotments, and investor-related services. Investors can reach out to Bigshare Services Pvt Ltd via phone at +91-22-6263 8200 or email at ipo@bigshareonline.com for any IPO-related queries. The official website for checking IPO allotment status and other details is Bigshare Online. The registrar plays a crucial role in ensuring a smooth IPO process, managing applications, and assisting investors with share allotment and refunds.
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