Desco Infratech Limited
Book Built Issue IPO · BSE
- Price band
- ₹147 - ₹150
- Lot size
- 1,000 shares
- Issue amount
- ₹30.75 cr
- Total subscription
- 83.83×
- Opens
- 24 Mar 2025
- Closes
- 26 Mar 2025
- Allotment
- 27 Mar 2025
- Listing
- 1 Apr 2025
Offer at a glance
Issue overview
- Issue size
- 20,50,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,47,000
- Fresh issue
- ₹30.75 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,50,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 56,26,008
- Shares after issue
- 76,76,008
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,50,000 |
| HNI | 2 | 2,000 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.79 | 0 |
| RETAIL | 10.29 | 0.36 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.03 | 6.95 | 2.73 |
| ROE | 19.51 | 40.61 | 27.62 |
| ROCE | 0 | 0 | 0 |
| RONW | 14.91 | 28.83 | 24.37 |
| PRE IPO(PE) | 0 | 24.4 | 0 |
| POST IPO(PE) | 17.03 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Desco Infratech Limited, founded in January 2011, is an infrastructure company specializing in engineering, planning, and construction. It focuses on City Gas Distribution (CGD), renewable energy, water management, and power infrastructure. The company takes on key projects like power transmission, water supply systems, and renewable energy solutions, along with building pipelines, roads, and bridges. With operations in over 55 cities across 14 states, Desco Infratech has laid more than 4,000 km of MDPE pipelines and provided over 200,000 piped natural gas connections to homes, businesses, and industries. It also designs and constructs water distribution networks, open wells, sump wells, and overhead tanks. As of December 31, 2024, the company had a team of 234 employees working across various locations.
Strengths
- Expertise in City Gas Distribution – Proven track record in developing, maintaining, and expanding CGD infrastructure across multiple states.
- Strong Leadership & Management – Led by experienced promoters and a skilled management team with deep industry expertise.
- Direct Supplier Relationships – Established direct connections with suppliers for cost-efficient and reliable procurement.
Risk factors
- Litigation Risks – Ongoing legal proceedings may impact the company’s business, reputation, and financial performance if outcomes are unfavorable.
- Dependence on Key Customers – Relying on a few major clients means losing any could significantly affect profitability and operations.
- Uncertainty in New Work Orders – Not securing or qualifying for new contracts could hinder business growth, cash flow, and financial stability.
Promoters
Ms. Indiraben Pruthubhai Desai
Mr. Pankaj Pruthu Desai
Ms Hina Pankaj Desai
Mr. Malhar P Desai
Mr Samarth Pankaj Desai
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
A-703, Swastik Universal, Next to Valentine Theatre, Dumas Road, Umra, Surat, Gujarat- 395007
+91 7574 999 09
[email protected]Company website ↗Understanding DESCO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.