credit- money control The Desco Infratech IPO has witnessed a strong response on its first day of bidding, with the Non-Institutional Investor (NII) portion fully subscribed within a few hours and the retail segment at 67%. The IPO, which opened for bidding on March 24, will close on March 26, offering shares in a price range of ₹147 to ₹150 per share.
Desco Infratech IPO Details
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Subscription Period: March 24 – March 26
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Price Band: ₹147 – ₹150 per share
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Lot Size: 1,000 shares (and multiples thereof)
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Face Value: ₹10 per share
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Market Focus: City Gas Distribution (CGD), Renewable Energy, Water & Power Infrastructure
Company Overview
Established in 2011, Desco Infratech Limited operates in the engineering and infrastructure sector, specializing in gas distribution, renewable energy, water management, and power projects. The company has a presence in over 55 cities across 14 states, with key projects in city gas pipelines, power transmission, and water distribution networks.
Key Achievements
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Installed over 4,000 km of MDPE pipelines
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Delivered 200,000+ piped natural gas (PNG) connections
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Engaged in critical urban infrastructure projects
IPO Subscription Status on Day 1
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Overall Subscription: 62%
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Retail Investors: 67% booked
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NII (Non-Institutional Investors): 1.29x subscribed (fully booked within hours)
Grey Market Premium (GMP)
The Desco Infratech IPO GMP is fluctuating as investors show interest. The listing premium could indicate strong demand, but actual market performance will depend on broader market sentiment and listing-day trading.
Peer Comparison
As per the Red Herring Prospectus (RHP), Desco Infratech’s listed peers include:
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Rudra Gas Enterprise Ltd (P/E ratio: 10.17)
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Likhita Infrastructure Ltd (P/E ratio: 15.72)
Final Thoughts
With a strong start in the NII and retail categories, Desco Infratech IPO is seeing positive demand. Investors should track subscription trends, GMP movement, and peer comparisons before making a final decision. The next two days will be crucial in determining the overall IPO response.
