Desco Infratech IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The bidding for Desco Infratech IPO started on March 24, 2025, and concluded on March 26, 2025. The basis of allotment will be finalised today, March 27, 2025. Know the procedure to check the allotment status on BSE’s website.

Steps to Check Desco Infratech IPO Allotment Status on BSE 

Here is the process to check Desco Infratech IPO Allotment Status on BSE 

• Open the Application Status page of BSE here. 
• Choose 'equity' as the issue type. 
• Select 'Desco Infratech Limited’ from the list of companies. 
• Enter your IPO application number and PAN details. 
• Verify the captcha by clicking on the 'I am not a Robot' box. 
• Click on the submit button to check the details of the share allotment.

IPO Details

Desco Infratech Limited launched its IPO on March 24, 2025, with a total issue size of ₹30.75 crores. The IPO price band is fixed between ₹147-₹150 per share. Investors can apply with a minimum lot size of 1000, requiring a minimum investment of ₹1,47,000. The shares are expected to be listed on BSE with a tentative listing date of Tuesday, April 1, 2025. The basis of allotment will be finalised on March 27, 2025, followed by the initiation of refunds on March 28, 2025.

Smart Horizon Capital Advisors Private Limited is the book-running lead manager, Rikhav Securities Limited is the market maker for the issue, and Bigshare Services Pvt Ltd is the registrar.

Utilization of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat.
• Funding of capital expenditure requirements towards the purchase of machinery.
• To Meet Working Capital Requirement.
• General Corporate Purpose.

Overall Subscription Status 

(March 26, 2025, end of the day)

Desco Infratech IPO was subscribed 83.75 times on the third day, according to BSE data. Of these, 

• Retail investors subscribed 50.62 times, 
• Non-institutional investors (NII) subscribed 233.26  times, 
• Qualified Institutional Buyers (QIBs) subscribed 28.76 times.

GMP (Grey Market Premium) Details

According to Livemintt, as of March 27, 2025, 8:42 AM, the Grey Market Premium (GMP) for Desco Infratech stood at ₹12. If the current GMP trend continues, the shares are expected to be listed at ₹162, which is 8% higher than the IPO price of ₹150.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Livemint Media Report dated March 27, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Desco Infratech Business Overview

​Desco Infratech Limited, founded in 2011, is an infrastructure company specialising in the installation, maintenance, and operation of city gas distribution (CGD) networks across India. Their services include pipeline laying, installation, testing, commissioning, and ongoing maintenance for underground and above-ground gas pipeline systems, including carbon steel and medium-density polyethylene (MDPE) pipelines. Beyond gas distribution, Desco Infratech has diversified into power infrastructure projects, such as the installation and commissioning of low-tension (LT) and high-tension (HT) cables, and water distribution projects involving HDPE pipeline installation, overhead tanks, and well systems. 

Additionally, the company has also ventured into the renewable energy sector by providing foundational and structural support for solar installations. 

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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