The initial public offer (IPO) of Desco Infratech opened today and will come to an end on March 26, 2025. It is entirely a fresh issue of 20.50 lakh shares. It does not have an offer for sale (OFS) component. The company plans to raise approximately 30.75 crore. Desco Infratech reserved 50% for qualified institutional buyers or QIBs, 35% for retail investors, and the remaining portion for non-institutional investors (NII). Desco has already raised Rs 8.65 crore from anchor investors. The IPO will make its debut on BSE SME with expected listing date of April 1, 2025. Check key details below:
Desco Infratech Latest GMP
The grey market premium or GMP of Desco Infratech is Rs 16, as per latest updates available today, according to investorgain.com. With the price band fixed at 150.00, Desco Infratech SME IPO’s likely listing price is Rs 166. The likely gain or loss per share is 10.67%.
Desco Infratech Subscription Status
The IPO reportedly subscribed 2.43 times. The public issue achieved subscription of 2.81 times in retail segment, 0.98 times in the QIB segment, and 3.45 times in the NII category on Day 1, as per latest updates.
Desco Infratech Price Band
The price band of Desco Infratech IPO has been fixed as Rs 147 to Rs 150 per share. Meanwhile, minimum lot size for each application fixed as 1000. Meanwhile, minimum investment amount needed by retail investors is Rs 1,47,000. However, it is advised that investors bid at the cut off price to escape the situation of oversubscription that is approximately Rs 1,50,000. Meanwhile, minimum lot size investment for HNI is 2 lots or 2000 shares worth Rs 3,00,000.
Desco Infratech Book Running Lead Manager
It is worth noting that Smart Horizon Capital Advisors Private Limited remains as the book-running lead manager of Desco Infratech IPO. On the other hand, Bigshare Services Pvt Ltd will be the registrar for the issue. It is important to note that market maker for the IPO is Rikhav Securities Limited.
Desco Infratech Promoters Holding
It is important to note that Pankaj Pruthu Desai, Indiraben Pruthubhai Desai, Hina Pankaj Desai, Malhar P Desai and Mr Samarth Pankaj Desai are the promoters of the company.
About
It came into existence in 2011 and focuses on planning, construction, engineering, especially in city gas distribution, renewable energy, water and power sectors. It operates in several sectors.
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