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Desco Infratech Ltd.

Engineering - Construction

IPO Details
  • Issue Type Book building
  • Price range Rs.147-150
  • Market Lot 1000
  • Total Equity Shares 1473000
  • Face Value Rs. 10
  • Listing Date Apr 01, 2025
IPO Timeline
Opening date Mar 24, 2025
Closing date Mar 26, 2025
Listing Date Apr 01, 2025

IPO Details

Our Company is engaged in providing infrastructure and maintenance services to city gas distribution divisions in India.We engage in activities such as pipeline laying, installation, testing, erection and commissioning for Piped Natural Gas(PNG) utilized by both domestic and commercial users. Our Operation and Maintenance services (“O&M Services”) encompass both underground and above ground gas pipeline work for carbon steel and MDPE pipelines. As part of our O&M Services, we conduct lock pressure and leak detection tests on MDPE pipelines to identify leaks and prevent significant natural gas losses and potential accidents resulting from these leaks. We maintain client dedicated emergency response vehicles designed to detect leaks and deter unauthorized access, addressing potential hazards proactively. When a situation arises, a specialized team comprising an engineer, technicians and support staff is mobilized to the location. This team takes safe and immediate action to assess the situation and implement necessary measures, ensuring a quick operational recovery and minimizing any uninterrupted gas supply.

Projects

1. Project Name: Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat

Project Cost: 10.429

2. Project Name: Funding of capital expenditure requirements towards purchase of machineries

Project Cost: 16.804

3. Project Name: Funding Working Capital Requirements of our Company

Project Cost: 180

4. Project Name: General corporate purposes

Project Cost: 61.727

Promoters

Prmoters Name

1. Indiraben Pruthubhai Desai

2. Pankaj Pruthu Desai

3. Hina Pankaj Desai

4. Malhar P Desai

5. Samarth Pankaj Desai

Prmoters Holdings
  • Pre Share Capital: 4461000
  • Pre Promoter Holding: 79.29
  • Offer to Public: 1473000
  • Post Share Capital: 4461000
  • Post Promoter Holding: 58.12

Registrar

Registrar Name:Bigshare Services Pvt Ltd
Phone: 91-022-40430200
Email: Investor@bigshareonline.com
Website:

Lead Managers

  • Smart Horizon Capital Advisors Pvt Ltd.

Subscription Details

Field Description Field Value
Ipo Code 3213
Total Equity 1473000

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 386000
No of Shares Bid For Qualified Institutional Buyers 11100000
Total No of Shares Bid For Qualified Institutional Buyers 28.76
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 2335000
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 0
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 8765000
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 401000
No of Shares Bid For Non-Institutional Buyers 68685000
Total No of Shares Bid For Non-Institutional Buyers 171.28
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 526000
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 67493000
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 666000
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 686000
No of Shares Bid For Retail Individual Investor 34727000
Total No of Shares Bid For Retail Individual Investor 50.62
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 26230000
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 8497000
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 0
No of Shares Bid For Employee 0
Total No of Shares Bid For Employee 0.00
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 0
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 0
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 1473000
No of Shares Bid For All 114512000
Total 77.74