Desco Infratech IPO Allotment Today: Shares Likely To List On April 1; Follow These Steps to Check Your Status

After completing the subscription process, Desco Infratech Ltd. will allot the shares by Thursday evening, and the shares are expected to list on April 1, 2025. The IPO was open from Monday to Wednesday with the price band of Rs. 147 to Rs. 150 per share, experiencing heavy oversubscription of 83.75 times garnering bids for 11,44,06,000 shares as against the 13,66,000 shares on offer. Retail investors subscribed 50.62 times, non-institutional investors (NII) subscribed 233.26 times, and qualified institutional buyers (QIB) subscribed 28.76 times.

The Gujarat based company is offering each share at Rs 150. It plans to raise a total of Rs 30.75 crore through the IPO. The IPO allotment is likely to take place this evening.

How To Check IPO Status?

Once allotted, investors can verify the allotment status by doing the following steps:

• Go to https://www.bseindia.com/investors/appli_check.aspx, the official BSE website.
• Click "Issue Type" and choose "Equity."
• In the "Issue Name" selection option, choose "Desco Infratech Ltd."
• Enter your Permanent Account Number (PAN) or your application number.
• Press 'I'm not a robot' button
• click the 'Search' button.
• Then you can see the status of your application in your screen

or,

• Go to the IPO allocation page of Bigshare Services (registrar)
• From the drop-down box, choose Desco Infratech as the issuing company name.
• You can now submit your IPO application number, PAN number, or DP client ID/Demat account number.
• Enter information according to the choice you made.
• When you select the 'Search' option, the allocation status will show up on the screen.
• Shares that you have applied for and those that have been assigned to you will be shown on the screen

Desco Infratech IPO GMP:

The Desco Infratech IPO GMP is +12, as of the last update on March 27, 2025, at 03:29 PM in investorgain.com. According to the website, the shares of Desco Infratech were trading on the grey market at a premium of Rs 12. The projected listing price for the Desco Infratech SME IPO is ₹162 (cap price + today's GMP), with the price band of 150.00. The expected percentage gain/loss per share is 8.00%.

The GMP (Grey Market Premium) is subject to change and is depending on market sentiment. It represents the eagerness of investors to pay a premium over the issue price.

Desco Infratech IPO Details

The Desco Infratech IPO comprises a new offering of 20,50,000 equity shares, totalling ₹30.75 crore. The IPO aims to use the net proceeds for a several purposes, such as funding capital expenditures for the establishment of a corporate office in Surat; financing capital expenditures for the purchase of machinery acquisition; supporting the working capital requirements of the company; and paying for general corporate expenses.

Bigshare Services Pvt Ltd is the registrant for the Desco Infratech IPO, while Smart Horizon Capital Advisors Private Limited is the book-running lead manager. The market maker for the Desco Infratech IPO is Rikhav Securities Limited.

Desco Infratech IPO Strengths

• Strong background in O&M services and city gas distribution
• Direct connections with vendors
• Managers and promoters with experience
• Concentrating on growing service portfolios

About Desco Infratech Limited:

Desco Infratech Limited is an infrastructure company that was founded in January 2011 and focusses on engineering, planning, and construction, particularly in the fields of power, water, renewable energy, and city gas distribution. The company operates in several sectors, such as power, water, renewable energy, and city gas distribution. Water distribution networks, open wells, sump wells, and overhead tanks are among the infrastructure services the company provides.

The company has expanded to more than 55 locations in 14 states. It has installed more than 4,000 kilometres of Medium-Density Polyethylene (MDPE) pipelines and connected more than 200,000 piped natural gas connections to commercial, industrial and residential customers.

According to the Red Herring Prospectus (RHP), Likhita Infrastructure Ltd. (P/E of 15.72) and Rudra Gas Enterprise Ltd. (P/E of 10.17) are the Desco Infratech Limited's listed peers.