Desco Infratech IPO Closed
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Schedule of Desco Infratech
| Issue open date | 24 Mar 2025 |
| Issue close date | 26 Mar 2025 |
| UPI mandate deadline | 26 Mar 2025 (5 PM) |
| Allotment finalization | 27 Mar 2025 |
| Refund initiation | 28 Mar 2025 |
| Share credit | 28 Mar 2025 |
| Listing date | 01 Apr 2025 |
| Mandate end date | 10 Apr 2025 |
| Lock-in end date for anchor investors (50%) | 26 Apr 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Jun 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Desco Infratech
Incorporated in 2011, Desco Infratech Limited provides infrastructure services focused on City Gas Distribution (CGD), renewable energy, water supply systems, and power infrastructure. The company is involved in activities such as pipeline laying, installation, and commissioning, as well as water distribution projects. Operating in over 55 cities across 14 states, it has laid over 4,000 kilometres of MDPE pipelines and delivered over 200,000 piped natural gas connections. The company also offers power transmission and renewable energy services, ensuring high-quality standards with ISO 9001:2015 certification.
Financials of Desco Infratech
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹30.75 crores |
| Fresh Issue | ₹30.75 crores |
| Offer for sale |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Corporate office setup | 1.04 (3.31%) |
| Machinery purchase | 1.68 (5.3%) |
| Working capital funding | 18.00 ( 57.21%) |
| General corporate purposes | 10.74 (34.13%) |
Strengths
- Extensive experience in city gas distribution and maintenance services since 2011.
- Direct relationships with suppliers to reduce procurement costs and ensure quality.
- Experienced promoters and management team driving growth and strategy.
- Structured Standard Operating Procedures (SOPs) ensuring consistency and safety.
- Strict adherence to safety and compliance standards in all operations.
Risks
- Pending litigation may adversely affect business and reputation.
- Failure to secure new work orders may harm business and cash flows.
- Heavy reliance on key customers may impact profitability if lost.
- Financing agreements have restrictive covenants affecting operational flexibility.
- Funds raised through the issue are not monitored by an independent agency.
- Foreign investment restrictions may limit investor attraction.
Allotment Status for Desco Infratech
To check your allotment status – click here.
Subscription Figures for Desco Infratech
Subscription numbers as of 5:00 PM on 26 Mar 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 3.86 | 111.00 | 28.76x |
| HNI (₹2L+) | 2.94 | 685.78 | 233.26x |
| Retail (upto ₹2L) | 6.86 | 347.28 | 50.62x |
| Total | 13.66 | 1144.06 | 83.75x |