Desco Infratech came to market through an SME IPO that opened on 24 March 2025 and closed on 26 March 2025, and the shares listed on 1 April 2025 on BSE SME. The price band was ₹147 to ₹150 per share and one lot was 1000 shares, so the minimum application was ₹1,50,000. The issue size was ₹30.75 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Private Limited was the lead manager.
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Founded in January 2011, Desco Infratech Limited is an infrastructure firm dealing in Engineering, Planning, & Construction, specifically in City Gas Distribution, Renewable Energy, Water, and Power segments. The company deals in multiple sectors such as City Gas Distribution, Renewable Energy, Water, and Power.The firm deals in key infrastructure projects such as city gas distribution (CGD), power transmission, water supply systems, and renewable energy solutions.
The company is a pioneer in pipeline development and construction of roads, bridges, and other infrastructure, with a strong thrust in City Gas Distribution (CGD), renewable power, water, and power infrastructure.The company has diversified its business across more than 55 cities spread over 14 states, installing more than 4,000 kilometres of Medium-Density Polyethylene (MDPE) pipeline and providing more than 200,000 piped natural gas connections to residential, industrial, and commercial customers.
The company provides infrastructure services such as designing and building water distribution systems, open wells, sump wells, and overhead tanks. As of December 31, 2024, the Company employed 234 people in different locations.
As described in the offer document.
| Metric | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Ms. Indiraben Pruthubhai Desai, Mr. Pankaj Pruthu Desai, Ms Hina Pankaj Desai, Mr. Malhar P Desai, Mr Samarth Pankaj Desai. Promoter holding 79.29% before the issue and 58.12% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Desco Infratech IPO was a ₹30.75 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹147–₹150 per share with a lot size of 1,000 shares (₹1,50,000). The IPO was open from March 24 to March 26, 2025. Shares listed on BSE SME on April 1, 2025 at ₹160, a 6.7% premium to the issue price of ₹150. Bigshare Services Pvt Ltd is the registrar.
Smart Horizon Capital Advisors Private Limited is the book running lead manager.
The price band of Desco Infratech IPO is ₹147 to ₹150 per share.
The lot size of Desco Infratech IPO is 1000 shares.
The minimum investment for Desco Infratech IPO is approximately ₹1,50,000 based on the upper price band.
The allotment date of Desco Infratech IPO is Mar 27, 2025.
Desco Infratech IPO's final recorded GMP before listing was ₹5 per share (a 3% premium over the ₹150 upper price band). The shares listed at ₹160. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Desco Infratech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Desco Infratech IPO allotment status on Rupix for quick and easy access.
₹147 to ₹150 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,50,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,50,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 March 2025 and closed on 26 March 2025.
The basis of allotment was published on 27 March 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 April 2025 on BSE SME.
The issue size was ₹30.75 crore. The fresh issue was 20,50,000 shares (aggregating up to ₹30.75 crore).