Desco Infratech IPO made a strong debut on the BSE SME on April 1, 2025, listing at ₹160 per share, a 6% rise from its issue price of ₹150.
The Desco Infratech IPO saw a strong response across investor categories. Anchor Investors subscribed to the issue 1 time, bidding for 5,77,000 shares worth ₹8.66 crore. Market Makers also subscribed 1 time for 1,07,000 shares, amounting to ₹1.61 crore.
Qualified Institutional Investors led the demand with a subscription of 28.76 times, bidding for 1.11 crore shares, totaling ₹166.5 crore. Non-Institutional Buyers showed an overwhelming interest, subscribing 233.26 times, with bids for 6.85 crore shares worth ₹1,028.67 crore. Retail Investors subscribed 50.62 times, bidding for 3.47 crore shares valued at ₹520.92 crore. In total, the IPO was subscribed 83.75 times, with 11.44 crore shares bid for, amounting to ₹1,716.09 crore, and 48,838 applications received.
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Details About Desco Infratech IPO
Desco Infratech IPO is set to raise ₹30.75 crores through a fresh issue of 20.50 lakh shares in a Book Built Issue, with a price band between ₹147 to ₹150 per share. The minimum lot size is 1,000 shares, requiring an investment of ₹1,47,000 for retail investors.
The allotment is expected to be finalized soon, and the IPO will list on the BSE SME platform. The issue allocation is 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-worth Individuals (HNIs). Established in 2011, Desco Infratech is a leading infrastructure company specializing in City Gas Distribution, Renewable Energy, Water Management, and Power Transmission.
Operating in 55 cities across 14 states, the company has laid over 4,000 kilometers of MDPE pipelines and provided piped natural gas connections to more than 200,000 households, industries, and commercial establishments. With a team of 234 employees, Desco Infratech is recognized for its expertise in engineering, planning, and construction, ensuring high safety and compliance standards.
The company’s strong supplier relationships and experienced management team provide a solid foundation for long-term growth as India invests in sustainable infrastructure and energy solutions.
Desco Infratech Financial Performance
As of September 30, 2024, Desco Infratech reported total assets of ₹36.12 crore, up from ₹23.80 crore in March 2024, ₹20.65 crore in March 2023, and ₹11.73 crore in March 2022. The company’s total revenue stood at ₹22.75 crore for the half-year ending September 2024, compared to ₹29.49 crore in March 2024, ₹29.28 crore in March 2023, and ₹19.92 crore in March 2022.
Desco Infratech posted a net profit of ₹3.38 crore as of September 2024, showing a slight decrease from ₹3.46 crore in March 2024 but an improvement from ₹1.23 crore in March 2023 and ₹0.83 crore in March 2022.
The company’s net worth reached ₹22.67 crore in September 2024, up from ₹11.99 crore in March 2024, ₹5.04 crore in March 2023, and ₹3.85 crore in March 2022.
Its reserves and surplus also increased to ₹17.04 crore as of September 2024, compared to ₹11.72 crore in March 2024, ₹4.79 crore in March 2023, and ₹3.60 crore in March 2022. Total debt stood at ₹6.82 crore in September 2024, up from ₹4.06 crore in March 2024, ₹5.81 crore in March 2023, and ₹3.09 crore in March 2022.