Desco Infratech Limited IPO (Desco Infratech IPO) Detail
Desco Infratech IPO is a bookbuilding of Rs 30.75 crores. The issue is entirely a fresh issue of 20.50 lakh shares.
Desco Infratech IPO bidding started from March 24, 2025 and ended on March 26, 2025. The allotment for Desco Infratech IPO was finalized on Thursday, March 27, 2025. Desco Infratech IPO will be listed on BSE SME on April 1, 2025.
Desco Infratech IPO price band is set at ₹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.
Refer to Desco Infratech IPO RHP for detailed information.
Desco Infratech IPO Details
| IPO Date | March 24, 2025 to March 26, 2025 |
| Listing Date | April 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹150 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 20,50,000 shares (aggregating up to ₹30.75 Cr) |
| Fresh Issue | 20,50,000 shares (aggregating up to ₹30.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 56,26,008 shares |
| Share Holding Post Issue | 76,76,008 shares |
| Market Maker Portion | 1,07,000 shares Rikhav Securities Limited |
Desco Infratech IPO Reservation
Desco Infratech IPO offers total 20,50,000 shares. Out of which 3,86,000 (18.83%) allocated to QIB, 2,94,000 (14.34%) allocated to NII, 6,86,000 (33.46%) allocated to RII and 5,77,000 (28.15%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 5,77,000 (28.15%) |
| Market Maker Shares Offered | 1,07,000 (5.22%) |
| QIB Shares Offered | 3,86,000 (18.83%) |
| NII (HNI) Shares Offered | 2,94,000 (14.34%) |
| Retail Shares Offered | 6,86,000 (33.46%) |
| Total Shares Offered | 20,50,000 (100%) |
Desco Infratech IPO Anchor Investors Details
Desco Infratech IPO raises Rs 8.66 crore from anchor investors. Desco Infratech IPO Anchor bid date is March 21, 2025. Desco Infratech IPO Anchor Investors list
| Bid Date | March 21, 2025 |
| Shares Offered | 5,77,000 |
| Anchor Portion Size (In Cr.) | 8.66 |
| Anchor lock-in period end date for 50% shares (30 Days) | April 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | June 25, 2025 |
Desco Infratech IPO Timeline (Tentative Schedule)
Desco Infratech IPO opens on March 24, 2025, and closes on March 26, 2025.
| IPO Open Date | Mon, Mar 24, 2025 |
| IPO Close Date | Wed, Mar 26, 2025 |
| Tentative Allotment | Thu, Mar 27, 2025 |
| Initiation of Refunds | Fri, Mar 28, 2025 |
| Credit of Shares to Demat | Fri, Mar 28, 2025 |
| Tentative Listing Date | Tue, Apr 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2025 |
Desco Infratech IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,50,000 |
| Retail (Max) | 1 | 1000 | ₹1,50,000 |
| HNI (Min) | 2 | 2,000 | ₹3,00,000 |
| Lot Size Calculator | |||
Desco Infratech IPO Promoter Holding
| Share Holding Pre Issue | 79.29% |
| Share Holding Post Issue | 58.12% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Desco Infratech Limited
Incorporated in January 2011, Desco Infratech Limited is an infrastructure company focused on Engineering, Planning, & Construction, particularly in City Gas Distribution, Renewable Energy, Water, and Power sectors.
The company operates across various sectors, including City Gas Distribution, Renewable Energy, Water, and Power.
The company specializes in critical infrastructure projects, including city gas distribution (CGD), power transmission, water supply systems, and renewable energy solutions.
The company specializes in developing and constructing pipelines, roads, bridges, and other critical structures, focusing strongly on City Gas Distribution (CGD), renewable energy, water management, and power infrastructure.
The company has expanded its operations across over 55 cities in 14 states, laying over 4,000 kilometres of Medium-Density Polyethylene (MDPE) pipelines and delivering over 200,000 piped natural gas connections to residential, industrial, and commercial establishments.
The company offers infrastructure services like designing and constructing water distribution networks, open wells, sump wells, and overhead tanks.
As of December 31, 2024, the Company had 234 employees across various locations.
Competitive Strength:
- Extensive experience in city gas distribution and maintenance services.
- Experienced promoters and management team.
- Direct Relationship with Suppliers.
- SOPs are vital for city gas distribution contracting services.
- Adherence to Safety and Compliance Standards.
Company Financials
Desco Infratech Limited Financial Information (Restated)
| Period Ended | 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 |
| Reserves and Surplus | 17.04 | 11.72 | 4.79 | 3.6 |
| Total Borrowing | 6.82 | 4.06 | 5.81 | 3.09 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Desco Infratech IPO is Rs 115.14 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 40.61% |
| ROCE | 75.97% |
| Debt/Equity | 0.34 |
| RoNW | 28.83% |
| PAT Margin | 11.76 |
| Price to Book Value | 6.22 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.15 | 8.81 |
| P/E (x) | 24.4 | 17.03 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Objects of the Issue (Desco Infratech IPO Objectives)
The Company Desco Infratech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat. | 10.43 |
| 2 | Funding of capital expenditure requirements towards purchase of machineries. | 16.8 |
| 3 | Funding Working Capital Requirements of the Company. | 180 |
| 4 | General Corporate Purposes. |
Desco Infratech IPO Review May apply
[Dilip Davda] DIL is engaged in the business of providing infrastructure and maintenance services for city gas/ power distribution, and water supply related services. It marked static top lines for FY23 and FY24, but posted higher margins for FY24. The company posted bumper margins for H1 of FY25 that raises eyebrows and concern over its sustainability. The company is operating in a highly competitive and fragmented segment. Based on its super recent earnings, the issue appears aggressively priced. Low equity base post-IPO indicates longer gestation period for migration. Well-informed investors may park moderate funds for long term. Read detail review…
Desco Infratech IPO Subscription Status (Bidding Detail)
The Desco Infratech IPO is subscribed 83.75 times on March 26, 2025 6:19:32 PM (Day 3). The public issue subscribed 50.62 times in the retail category, 28.76 times in the QIB category, and 233.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 28.76 | 3,86,000 | 1,11,00,000 | 0 |
| NII* | 233.26 | 2,94,000 | 6,85,78,000 | 0 |
| Retail | 50.62 | 6,86,000 | 3,47,28,000 | 0 |
| Total | 83.75 | 13,66,000 | 11,44,06,000 | 48,838 |
Total Application : 48,838
*Market Maker portion is not included to NII/HNI.
Desco Infratech IPO Prospectus
Desco Infratech IPO Listing Details
| Listing Date | April 1, 2025 |
| BSE Script Code | 544387 |
| NSE Symbol | |
| ISIN | INE0TGG01014 |
| Final Issue Price | ₹150 per share |
Desco Infratech Limited Contact Details
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/
Desco Infratech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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