Incorporated in January 2011, Desco Infratech Limited is an infrastructure firm specializing in Engineering, Planning, and Construction, with a strong focus on City Gas Distribution (CGD), Renewable Energy, Water, and Power sectors. The company is engaged in developing and executing critical infrastructure projects, including pipelines, roads, bridges, and other essential structures, with expertise in CGD, renewable energy, water management, and power infrastructure.
Desco Infratech has a significant presence across 55 cities in 14 states, having laid over 4,000 kilometers of Medium-Density Polyethylene (MDPE) pipelines and providing more than 200,000 piped natural gas connections to residential, commercial, and industrial customers. Additionally, the company offers infrastructure services such as designing and constructing water distribution networks, open wells, sump wells, and overhead tanks. As of December 31, 2024, the company employs 234 individuals across its various locations.
The Desco Infratech IPO is a book-built issue worth ₹30.75 crores, comprising a fresh issue of 20.50 lakh shares. The IPO subscription window opens on March 24, 2025, and closes on March 26, 2025. The allotment is expected to be finalized on March 27, 2025, with a tentative listing date on the BSE SME platform set for April 1, 2025.
The price band for the Desco Infratech IPO is set at ₹147 to ₹150 per share. Retail investors are required to invest a minimum of ₹1,47,000 for a lot size of 1,000 shares. However, it is recommended to bid at the cutoff price of ₹1,50,000 to avoid potential oversubscription. For High Net Worth Individuals (HNIs), the minimum investment is 2 lots (2,000 shares), amounting to ₹3,00,000.
Desco Infratech IPO Details
| IPO Date | March 24, 2025 to March 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹147 to ₹150 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | Approx ₹30.75 Crores |
| Fresh Issue | Approx ₹30.75 Crores |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 56,26,008 shares |
| Share Holding Post Issue | 76,76,008 shares |
Desco Infratech IPO Dates
The Desco Infratech IPO will start on March 24, 2025, and will close on March 26, 2025.
| IPO Open Date | Mon, Mar 24, 2025 |
| IPO Close Date | Wed, Mar 26, 2025 |
| Tentative Allotment | Thu, Mar 27, 2025 |
| Refunds | Fri, Mar 28, 2025 |
| Credit of Shares to Demat | Fri, Mar 28, 2025 |
| IPO Listing Date | Tue, Apr 1, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on March 26, 2025 |
Desco Infratech IPO Market Lot
The minimum market lot for the Desco Infratech IPO is set at 1,000 shares, requiring an application amount of ₹1,50,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹1,50,000 |
| Retail Maximum | 1 | 1000 | ₹1,50,000 |
| S-HNI Minimum | 2 | 2000 | ₹3,00,000 |
