March 21, 2025
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What was the last grey market premium of Desco Infratech IPO?
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Subscription status of Desco Infratech IPO
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Desco Infratech IPO Price Rs. 113 Lot 1200 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
Desco Infratech Allotment Link:
What is the business of Desco Infratech?
Desco Infratech Limited, founded in January 2011, is a leading infrastructure company specializing in Engineering, Planning, and Construction across key sectors such as City Gas Distribution, Renewable Energy, Water, and Power.
With a strong focus on critical infrastructure, Desco Infratech excels in developing and constructing city gas distribution (CGD) networks, power transmission systems, water supply infrastructure, and renewable energy solutions. The company is particularly renowned for its expertise in laying pipelines, building roads, bridges, and other vital structures.
Operating in over 55 cities across 14 states, Desco Infratech has successfully laid more than 4,000 kilometers of Medium-Density Polyethylene (MDPE) pipelines, delivering over 200,000 piped natural gas connections to residential, industrial, and commercial customers.
In addition to its CGD projects, the company offers comprehensive infrastructure services, including the design and construction of water distribution networks, open wells, sump wells, and overhead tanks.
As of December 31, 2024, Desco Infratech employs 234 professionals across various locations.
Get more information about the company @
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Desco Infratech IPO Details |
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| IPO opens on | 24 March 2025 |
| IPO closes on | 27 March 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2050000 Shares / Rs 30.75 Crore |
| * Fresh Issue | 2050000 Shares / Rs 30.75 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 107000 Shares |
| Net offer to Public | 1943000 Shares/ Rs 29.15 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 147-150 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 971500 | 14.58 |
| HNI (15%) | 291450 | 4.37 |
| RII (35%) | 680050 | 10.20 |
| Total Shares | 1943000 | 29.15 |
| Retail portion will be oversubscribed by |
680 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.150000 |
| Min HNI Application | 2000 Shares | Rs. 300000 |
Who are the Promoters of Desco Infratech?
The promoters of the Company are Ms. Indiraben Pruthubhai Desai, Mr. Pankaj Pruthu Desai, Ms Hina Pankaj Desai, Mr. Malhar P Desai and Mr Samarth Pankaj Desai
What are the Objects of Desco Infratech IPO?
The Company proposes to utilize the Net Proceeds from 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 the Company.
- General Corporate Purposes.
Tentative timetable |
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| IPO opens on | 24 March 2025 |
| IPO Closes on | 26 March 2025 |
| IPO Allotment on | 27 March 2025 |
| Refund Initiation | 28 March 2025 |
| Credit of Shares | 28 March 2025 |
| Listing on | 1 April 2025 |
| Registered Office of the Company Desco Infratech Limited A-703, Swastik Universal, Next to Valentine Theatre, Dumas Road, Umra, |
| Who is the Lead Manager of this IPO? Smart Horizon Capital Advisors Pvt ltd |
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Who is the Registrar to IPO? Big Share Services Pvt Ltd |
Desco Infratech IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Desco Infratech IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 19.92 | 0.83 | – | – |
| 2022-23 | 29.28 | 1.23 | – | – |
| 2023-24 | 29.49 | 3.46 | 6.15 | 28.83 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 150 | ||
Key Performance
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| Price/EPS of 23-24 | 24.40 |
| Price/BV Ratio | 6.22 |
| Debt/Equity Ratio | 0.34 |
How Desco Infratech IPO compares with the Peers?
| As per RHP | FV | Price to | PE |
| Book Value | Ratio | ||
| Desco Infratech | 6.22 | 24.40 | |
| Rudra Gas | 5.39 | 10.17 | |
| Likhita Infrastructure | 0.32 | 15.72 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Desco Infratech IPO Review by Paresh Gordhandas, CA & Research Analyst.
Will update soon
+ from fundamental angle: ?
+ from grey market angle: ?
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