Desco Infratech Ltd. was incorporated on January 19, 2011. The company provides infrastructure and maintenance services for city gas distribution in India, including pipeline laying, installation, and O&M services for carbon steel and MDPE pipelines
| Bidding Dates |
|---|
| 24 Mar 2025 - 26 Mar 2025 |
| Subscription |
|---|
| 77.74x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,47,000 | 1 | 1 | 1000 | 2.0 M | ₹147 - ₹150 | 58.12 % | ₹301.4 M - ₹307.5 M | RHP DOC |
Desco Infratech IPO SUBSCRIPTION STATUS
26 Mar '25Desco Infratech IPO overall subscription rate was 77.74 times the total available shares
Desco Infratech IPO retail subscription rate was 67.36 times in the retail segment
Desco Infratech IPO non-institutional investor subscription rate was 310.86 times in the non-institutional investor category
Desco Infratech IPO Qualified Institutional Bidder subscription rate was 15.07 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Mar 2025 (Day 3) | 67.36x | 310.86x | 15.07x |
25 Mar 2025 (Day 2) | 12.41x | 17.35x | 0.52x |
24 Mar 2025 (Day 1) | 3.74x | 4.59x | 0.52x |
Desco Infratech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 33.8 | 226.3 | -80.5 | -81.9 | 21.5% |
| FY24 | 34.6 | 293.9 | -2.8 | -8.9 | 18.9% |
| FY23 | 12.3 | 292.2 | -16.9 | -18.5 | 7.5% |
| FY22 | 8.3 | 198.5 | 3.4 | 1.2 | 8.4% |
Desco Infratech IPO SUBSCRIPTION STATUS DETAILS
Desco Infratech had 2.0 M shares on offer
Desco Infratech IPO offer price was in the range ₹147 - ₹150
Desco Infratech IPO minimum Investment was ₹147000
Desco Infratech IPO issue size was ₹ 301.4 M - ₹ 307.5 M
Desco Infratech had a minimum lot size of 1000 Shares per application
Desco Infratech NUMBER OF SHARES ON OFFER
Desco Infratech IPO IMPORTANT DATES
| Issue Open Date | 24 Mar 2025 |
| Issue close Date | 26 Mar 2025 |
| Allotment Date | 27 Mar 2025 |
| Refund Date | 28 Mar 2025 |
| Demat Account Credit Date | 28 Mar 2025 |
| Listing Date | 01 Apr 2025 |
| Listing on Exchange(s) | BSE |
| Desco Infratech Allotment Status | Exchange/ Registrar |
Desco Infratech IPO subscription opened on 24 Mar 2025, and closed on 26 Mar 2025
IPO allotment for Desco Infratech was finalized on Thursday, 27 Mar 2025
IPO listing for Desco Infratech was on BSE on Tuesday, 01 Apr 2025
Desco Infratech IPO LISTING GAINS
| Issue Price (adjusted) | 150.0 |
| Listing Open Price | 160.0 |
| Listing Close Price | 168.0 |
| Listing Gain% | 6.7% |
| Current Gain% | 22.0% |
Desco Infratech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Desco Infratech Ltd. | 183 | 140.5 | 8.6 | 1.2 | 23.1 | 15.5 | 118.8 | 16.4 | 21.3 | ||||
| Larsen & Toubro Ltd. | 4080 | 574020.2 | 34.6 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 106.3 | 112241.9 | 639.6 | 4.4 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230.7 | 48097.2 | 55 | -1.7 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 94.8 | 25609.5 | 35.6 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1315.4 | 22463.4 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Desco Infratech INFORMATION ON IPO ISSUE
About Desco Infratech
Desco Infratech Ltd. was incorporated on January 19, 2011. The company provides infrastructure and maintenance services for city gas distribution in India, including pipeline laying, installation, and O&M services for carbon steel and MDPE pipelines
Object of the Issue
- Funding of capital expenditure requirements towards setting up a corporate office in Surat, Gujarat
- Funding of capital expenditure requirements towards the purchase of machinery
- Funding working capital requirements of the company
- General corporate purposes
Desco Infratech - PROMOTERS
| Name |
|---|
| Indiraben Pruthubhai Desai |
| Pankaj Pruthu Desai |
| Hina Pankaj Desai |
| Malhar P Desai |
| Samarth Pankaj Desai |
Desco Infratech Lead Manager to the Issue
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Desco Infratech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Desco Infratech Strengths
Experienced player
Established in 2011, the company has extensive experience in city gas distribution, specializing in pipeline laying, installation, testing, and commissioning. With a strong grasp of industry regulations, it ensures safe, efficient project execution while maintaining compliance and minimizing risks
Relationship with suppliers
The company has direct relationships with suppliers, reducing procurement costs, improving quality control, and eliminating middlemen. Its experienced management team ensures transparent terms and fosters reliable partnerships
Safety & compliance standards
The company ensures strict compliance with industry standards, regulations, and safety protocols. It promotes a strong safety culture through training, clear communication, and protective gear, minimizing risks and maintaining accountability in operations
Desco Infratech Risks
Dependent on gas distribution network
The company primarily generates revenue from city gas distribution projects and operations & maintenance services. Any disruption in these services could significantly impact its business, financial performance, and operations
Litigation risks
The company executes on-site projects involving contractual labor, either directly or through clients. Changing labor regulations may lead to potential labor litigations
Client-favoured contracts
The company's work orders are typically standard and client-favoured, allowing premature termination under circumstances beyond its control, limiting negotiation flexibility, and potentially imposing onerous terms
IPO FAQs
The promoters of the company are Indiraben Pruthubhai Desai, Pankaj Pruthu Desai, Hina Pankaj Desai, Malhar P Desai and Samarth Pankaj Desai.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 147.0 - 150.0.
The IPO application opens on Mar 24, 2025 and closes on Mar 26, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 147,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Mar 27, 2025.
The refund will be credited to your account on Mar 28, 2025.
The allotted shares will be credited to your demat on Mar 28, 2025.
Desco Infratech Ltd.’s shares listed on the stock exchanges on Apr 01, 2025.