IPO

Desco Infratech Limited IPO

BSE SME

Listed On: Apr 1, 2025 at ₹ 160.0

₹ 300000 /2000 Shares
*Min Investment

Check Allotment

24 Mar, 2025

Open Date

26 Mar, 2025

Close Date

27 Mar, 2025

Allotment Date

01 Apr, 2025

Listing Date
Desco Infratech IPO Issue Details
  • Issue Price ₹147-150 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 20,50,000 shares(aggregating up to ₹30.75 crore)
  • Fresh Share 20,50,000 shares(aggregating up to ₹30.75 crore)
  • Listing at BSE SME
  • List Price 160.0
  • Listing Date 2025-04-01
  • Lead Manager Smart Horizon Capital Advisors Private Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 1000 ₹1,50,000
Retail(max) 1 1000 ₹1,50,000
NII (min) 2 2,000 ₹3,00,000
Desco Infratech IPO Reservation

Desco Infratech IPO offers total 20,50,000 shares. Out of which 3,86,000 (18.83%) allocated to QIB, 2,94,000 (14.34%) allocated to NII,6,86,000 (33.46%) allocated to RII, NA (NA%) allocated to employees and 5,77,000 (28.15%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 5,77,000 (28.15%)
Market Maker Shares Offered 1,07,000 (5.22%)
QIB Shares Offered 3,86,000 (18.83%)
NII (HNI) Shares Offered 2,94,000 (14.34%)
Retail Shares Offered 6,86,000 (33.46%)
Total Shares Offered 20,50,000 (100%)
Desco Infratech IPO Documents
DRHP
RHP
Desco Infratech IPO Details


Desco Infratech Limited IPO is an SME IPO, priced at ₹147-150 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 20,50,000 equity shares, aggregating up to ₹30.75 crores..

The IPO bidding window is open from Mar 24, 2025 to Mar 26, 2025. The allotment is expected to be finalized on Mar 27, 2025, and the tentative listing date is Apr 1, 2025.

The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,50,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 3,00,000.

Smart Horizon Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Rikhav Securities Limited will act as the market maker for this issue.

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Desco Infratech IPO Subscription Analysis And Details
Retail
50.62x
Total
83.75x
As on QIB / NII Retail Total
Shares Offered / Reserved 3,86,000 / 2,94,000 6,86,000 13,66,000
Day 1 24-03-25 06:00 PM
0.98 / 3.45 x 2.81 x 2.43 x
Day 2 25-03-25 06:00 PM
0.98 / 12.67 x 9.33 x 7.69 x
Day 3 26-03-25 06:00 PM
28.76 / 233.26 x 50.62 x 83.75 x
Total No of Applications
48,830
Desco Infratech Valuations
EPS Pre IPO ₹6.15/-
EPS Post IPO ₹8.81/-
P/E Pre IPO 24.4
P/E Post IPO 17.03
ROE 40.61%
ROCE 75.97%
Debt/Equity 0.34
RoNW 28.83%
PAT Margin 11.76
Price to Book Value 6.22
Desco Infratech Company Financials
In Crs.
In Cr.
30-Sep-24 31-Mar-24 31-Mar-23 31-Mar-22
Assets 36.12 23.8 20.65 11.73
Revenue 22.75 29.49 29.28 19.92
Profit After Tax 3.38 3.46 1.23 0.83
Net Worth 22.67 11.99 5.04 3.85
Reserves & Surplus 17.04 11.72 4.79 3.6
Total Borrowing 6.82 4.06 5.81 3.09
About Desco Infratech Company

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.

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Desco Infratech - Promoter(s)

Ms. Indiraben Pruthubhai Desai

Mr. Pankaj Pruthu Desai

Ms Hina Pankaj Desai

Mr. Malhar P Desai

Mr Samarth Pankaj Desai

Pre Issue Share Holding : 79.29%

Post Issue Share Holding : 58.12%

Desco Infratech IPO - Issue Objectives
1

Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat.

2

Funding of capital expenditure requirements towards purchase of machineries.

3

Funding Working Capital Requirements of the Company.

4

General Corporate Purposes.

Desco Infratech IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Desco Infratech Limited 6.95 N/A 24.1 N/A 28.83 N/A Restated
Rudra Gas Enterprise Ltd 7.44 N/A 31.49 10.17 18.01 5.39 Standalone
Likhita Infrastructure Ltd. 16.74 N/A 78.62 15.72 21.29 N/A Standalone

Notes:

  1. The P/E Ratio has been computed based on their respective closing market price on March 11, 2025 as divided by the Basic EPS as of March 31, 2024.
Contact Details

Desco Infratech

A-703, Swastik Universal, Next to Valentine Theatre, Dumas Road, Umra, Surat, Gujarat- 395007

+91 7574 999 09

investors@descoinfra.co.in

https://www.descoinfra.co.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html