Desco Infratech is a company specializing in providing infrastructure and maintenance services for city gas distribution networks throughout India. Its services include pipeline laying, installation, testing, erection, and commissioning for Piped Natural Gas (PNG), as well as operation and maintenance (O&M) services for both underground and above-ground gas pipelines.
Recently, the company has diversified into power division services, which involve the installation, connectivity, commissioning, and erection of High Tension (HT) and Low Tension (LT) cables. Additionally, it has expanded into water distribution projects, offering design and construction services for water networks, open wells, sump wells, overhead tanks, and related infrastructure. Desco Infratech has successfully executed projects in states such as Gujarat, Haryana, Uttar Pradesh, and Punjab.
The Desco Infratech IPO is set to open on March 24, 2025, and will close on March 26, 2025. The price band for the IPO is fixed at ₹147 to ₹150 per share. The allocation of shares is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs). The IPO is scheduled to list on the BSE on April 1, 2025. The allotment of shares will be finalized on March 27, 2025.
In terms of financial performance, Desco Infratech reported a revenue of ₹29.49 crores in 2024, compared to ₹29.28 crores in 2023. The company’s profit also saw significant growth, rising to ₹3.46 crores in 2024 from ₹1.23 crores in 2023.
Desco Infratech IPO Details
| IPO Open Date: | March 24, 2025 |
| IPO Close Date: | March 26, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹147 to ₹150 Per Share |
| Issue Size: | Approx ₹30.75 Crores |
| Fresh Issue: | Approx ₹30.75 Crores |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Desco Infratech IPO Timeline
| IPO Open Date: | March 24, 2025 |
| IPO Close Date: | March 26, 2025 |
| Basis of Allotment: | March 27, 2025 |
| Refunds: | March 28, 2025 |
| Credit to Demat Account: | March 28, 2025 |
| IPO Listing Date: | April 1, 2025 |
Desco Infratech SME IPO Lots
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹147.00-150.00 |
| Market Lot: | 1,000 Shares |
| 1 Lot Amount: | ₹1,50,000 |
| Min HNI Lots: | 2000 shares (2 lots) – ₹3,00,000 |
Desco Infratech Limited: Comprehensive Financial Overview and Analysis
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 36.12 | 23.8 | 20.65 | 11.73 |
| Revenue | 22.75 | 29.49 | 29.28 | 19.92 |
| Profit After Tax | 3.38 | 3.46 | 1.23 | 0.83 |
| Net Worth | 22.67 | 11.99 | 5.04 | 3.85 |
| Reserves and Surplus | 17.04 | 11.72 | 4.79 | 3.6 |
| Total Borrowing | 6.82 | 4.06 | 5.81 | 3.09 |
