Desco Infratech IPO open date is March 24, 2025, and the IPO will close on March 26, 2025. It follows a Book Built Issue format. The company aims to raise approximately ₹30.75 crores through the IPO, comprising a fresh issue of ₹30.75 crores and an offer for sale of [.] equity shares. The IPO price band is set at ₹147 to ₹150 per share, with a retail investor allocation of 35%, QIB allocation of 50%, and HNI allocation of 15%. Desco Infratech IPO is set to list on BSE on April 1, 2025, with the allotment date scheduled for March 27, 2025. Financially, the company reported revenue of ₹29.49 crores in 2024, up from ₹29.28 crores in 2023. The profit stood at ₹3.46 crores in 2024 compared to ₹1.23 crores in 2023. Based on the financial performance, the IPO presents a solid long-term investment opportunity.
Desco Infratech IPO Details
Field
Value
est listing
150 (0%)
gain percentage
6.67%
gmp
--
ipo size
₹30.75 Cr
ipo title
Desco Infratech BSE SME IPO
price
150
status
Listed
subscription
83.75x
Desco Infratech IPO Dates
Field
Value
boa dt
27-Mar
close
26-Mar
listing
1-Apr
lot
1,000
open
24-Mar
Desco Infratech IPO Financial Report
Desco Infratech Limited has demonstrated strong financial growth over the years. The company reported revenue of ₹29.49 crores in 2024 compared to ₹29.28 crores in 2023. Profitability also increased, with a net profit of ₹3.46 crores in 2024, up from ₹1.23 crores in 2023.
Period Ended
Revenue
Expense
Profit After Tax
Assets
2022
₹19.92
₹18.71
₹0.83
₹11.73
2023
₹29.28
₹27.54
₹1.23
₹20.65
2024
₹29.49
₹24.52
₹3.46
₹23.80
September 2024
₹22.75
₹18.33
₹3.38
₹36.12
About Desco Infratech IPO
Desco Infratech Limited, incorporated in January 2011, specializes in infrastructure and maintenance services for city gas distribution in India. The company is involved in pipeline laying, installation, testing, erection, and commissioning for Piped Natural Gas (PNG) used by both domestic and commercial users. It ensures safety by conducting lock pressure and leak detection tests on MDPE pipelines, preventing gas losses and potential accidents. Additionally, the company provides power sector services, including the installation, connection, commissioning, and setup of low-tension (LT) and high-tension (HT) cables to ensure the continuous performance of gas distribution systems. Desco Infratech has established a presence across 14 states and operates in more than 45 cities in India.
