The initial public offer (IPO) of Desco Infratech opened for subscription on March 24 and will conclude on March 26, 2025. The SME IPO was fully subscribed on day 1. Today, the public issue subscribed 7.69 times on day 2 of subscription. It is worth noting that Desco Infratech subscribed 9.33 times in the retail category while it achieved subscription of 0.98 times in QIB, and 12.67 times in NII category, as per latest update available till 6:54 pm on March 25, 2025.
Desco Infratech is entirely a fresh issue of 20.50 lakh shares and does not have an offer for sale (OFS) component. It seeks to raise nearly 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 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.
Desco Infratech Latest GMP
When it comes to latest grey market premium or GMP of Desco Infratech, it is Rs 18, according to investorgain.com. With the price band set at 150.00, Desco Infratech SME IPO’s likely listing price is Rs 168. The likely gain or loss per share is 12.00%.
Desco Infratech Price Band
Its price band has been fixed at Rs 147 to Rs 150 per share. The minimum lot size for each application set as 1000. Minimum investment amount required 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 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.
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.
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