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Desco Infratech IPO
Price Band
₹147.0–150.0
Issue Size
₹30.75 Cr
Lot Size
1,000 shares
Min Investment
₹150,000
GMP
—
Issue Price
₹150.0
Desco Infratech IPO AI Summary
- Desco Infratech IPO is listed on BSE SME.
- Price band: ₹147.0–₹150.0 per share, lot size 1,000 shares (min. investment ₹150,000).
- Subscription window: 24 Mar–26 Mar 2025, listing on 01 Apr 2025.
Desco Infratech Limited is an infrastructure company with a focus on critical projects in city gas distribution, renewable energy, water, and power sectors. The IPO aims to raise ₹30.75 Cr to fund various capital expenditures and working capital needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Desco Infratech IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Mar 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Desco Infratech IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in January 2011, Desco Infratech Limited is an infrastructure company focused on Engineering, Planning, & Construction, particularly in City Gas Distribution, Renewable Energy, Water, and Power sectors. The company operates across various sectors, including City Gas Distribution, Renewable Energy, Water, and Power. The company specializes in critical infrastructure projects, including city gas distribution (CGD), power transmission, water supply systems, and renewable energy solutions. The company specializes in developing and constructing pipelines, roads, bridges, and other critical structures, focusing strongly on City Gas Distribution (CGD), renewable energy, water management, and power infrastructure. The company has expanded its operations across over 55 cities in 14 states, laying over 4,000 kilometres of Medium-Density Polyethylene (MDPE) pipelines and delivering over 200,000 piped natural gas connections to residential, industrial, and commercial establishments. The company offers infrastructure services like designing and constructing water distribution networks, open wells, sump wells, and overhead tanks. As of December 31, 2024, the Company had 234 employees across various locations. Competitive Strength: Extensive experience in city gas distribution and maintenance services. Experienced promoters and management team. Direct Relationship with Suppliers. SOPs are vital for city gas distribution contracting services. Adherence to Safety and Compliance Standards.
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 36.12 | 23.80 | 20.65 | 11.73 |
| Total Income | 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 | 3.60 |
| Total Borrowing | 6.82 | 4.06 | 5.81 | 3.09 |
Key Ratios
EPS
₹6.15
NAV
₹24.10
ROE
40.61%
ROCE
75.97%
RoNW
28.83%
P/B Value
6.22
P/E Ratio
24.4
Market Cap
₹115.14 Cr
PAT Margin
11.76%
Debt/Equity
0.34
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Likhita Infrastructure Ltd. | 78.62 | 21.29% | 15.72 | 16.74 |
| Rudra Gas Enterprise Ltd | 31.49 | 18.01% | 10.17 | 7.44 |
| Desco Infratech Limited This IPO | 24.1 | 28.83% | — | 6.95 |
Promoters
Indiraben Pruthubhai Desai, Pankaj Pruthu Desai, Hina Pankaj Desai, Malhar P Desai and Samarth Pankaj Desai
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat. 1.04 2 Funding of capital expenditure requirements towards purchase of machineries. 1.68 3 Funding working capital requirements of the Company 18.00 4 General Corporate Purposes 6.17 5 Issue expenses 3.85 Total 30.75
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹19.92 Cr in the year ending 31 Mar 2022, rising to ₹29.28 Cr by 31 Mar 2023. However, it then decreased to ₹29.49 Cr by 31 Mar 2024, before dropping further to ₹22.75 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.83 Cr in the year ending 31 Mar 2022, increasing to ₹1.23 Cr by 31 Mar 2023. This continued to rise to ₹3.46 Cr by 31 Mar 2024, before slightly decreasing to ₹3.38 Cr as of 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Desco Infratech's implied P/E at the issue price is 24.4, compared to peers trading at P/E ratios ranging from 10.17 to 15.72.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It indicates the expected listing price of the IPO based on demand and supply dynamics in the grey market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is essential to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors with a low-risk appetite or those seeking guaranteed returns may want to avoid this IPO, as infrastructure projects can be subject to delays and market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 24 March 2025 and closes on 26 March 2025. Allotment of shares will be done on 27 March 2025, with the listing expected on 1 April 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day, which can be influenced by market sentiment and demand for the stock. However, there is always a risk that the shares may not perform as expected on the listing day.
This evaluation is generated from Desco Infratech's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Desco Infratech IPO?
The price band of Desco Infratech IPO is ₹147.0–₹150.0 per share.
When does Desco Infratech IPO open and close?
Desco Infratech IPO opens on 24 March 2025 and closes on 26 March 2025.
When does Desco Infratech IPO list on the stock exchange?
Desco Infratech IPO listed on 01 April 2025 at ₹150.0.
What is the lot size for Desco Infratech IPO?
The lot size for Desco Infratech IPO is 1000 shares, requiring a minimum investment of ₹150,000.
What is the lot size for this IPO?
The lot size for Desco Infratech's IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹150,000.
What is the price band for the IPO?
The price band for the IPO is ₹147.0 to ₹150.0.
When does the IPO open and close?
The IPO opens on 24 March 2025 and closes on 26 March 2025.
When is the listing date?
The listing date is expected to be 1 April 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Mar 2025
Close
26 Mar 2025
Allotment
27 Mar 2025
Listing
01 Apr 2025
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