The public issue of Desco Infratech, an infrastructure company, is set to open on March 24, 2025.
The company aims to raise around ₹30.75 crore by issuing 20.50 lakh new shares in its Initial Public Offering (IPO).
The price band for the bidding is set at ₹147-150 per share, with a minimum lot size of 1,000 shares.
Key IPO Details:
IPO Opening Date: March 24, 2025
IPO Closing Date: March 26, 2025
Issue Size: ₹30.75 crore
Shares to be Issued: 20.5 lakh new shares
Price Band: ₹147-150 per share
Lot Size: 1,000 shares
Expected Listing on BSE SME: April 1, 2025
Allotment Date: March 27, 2025
Company Overview:
Desco Infratech primarily focuses on engineering, planning, and construction in key sectors such as:
City Gas Distribution
Renewable Energy
Water
Power
The promoters of the company are:
Indiraben Pruthubhai Desai
Pankaj Pruthu Desai
Hina Pankaj Desai
Malhar P Desai
Samarth Pankaj Desai
IPO Fund Utilization:
The funds raised from the IPO will be used for:
Setting up a corporate office in Surat, Gujarat
Purchasing machinery
Meeting working capital requirements
General corporate purposes
IPO Allocation:
50% of the IPO is reserved for Qualified Institutional Buyers (QIBs)
35% is reserved for Retail Investors
15% is for Non-Institutional Investors
Financial Position of Desco Infratech:
FY 2024 Revenue: ₹29.49 crore (slight increase from ₹29.28 crore in FY 2023)
FY 2024 Net Profit: ₹3.46 crore (up from ₹1.23 crore in FY 2023)
H1 FY 2024 Revenue: ₹22.75 crore
H1 FY 2024 Net Profit: ₹3.38 crore
Borrowings (H1 FY 2024): ₹6.82 crore
IPO Management:
Book Running Lead Manager: Smart Horizon Capital Advisors
Registrar: Bigshare Services Private Limited
This IPO gives retail investors an opportunity to participate in Desco Infratech’s growth in the infrastructure sector, especially in the burgeoning areas of city gas distribution, renewable energy, and water and power projects.
