Desco Infratech IPO Subscription Status

Desco Infratech's initial public offering (IPO) has shown exceptional progress through its three-day subscription period. The ₹30.75 crore IPO has witnessed overwhelming demand, with subscription rates starting strong at 2.43 times on day one, surging to 7.69 times on day two, and reaching an impressive 13.63 times by 10:49 AM on the final day, demonstrating extraordinary investor interest in this infrastructure company focused on engineering, planning, and construction in city gas distribution, renewable energy, water, and power sectors.

Desco Infratech IPO's non-institutional investors segment leads with a remarkable 30.49 times subscription, while retail investors follow closely at 13.52 times and qualified institutional buyers show measured interest at 0.98 times, reflecting particularly strong retail and HNI confidence in this company that has expanded its operations across 55 cities in 14 states, laying over 4,000 kilometers of MDPE pipelines.

Subscription Status of Desco Infratech IPO:

Here are the subscription details for Desco Infratech IPO as of Day 3 (March 26, 2025, 10:49 AM):

Desco Infratech IPO - Day 3 Subscription

Key Highlights - Day 3:

• Overall subscription reaching exceptional 13.63 times, showing overwhelming investor enthusiasm
• NII segment showing extraordinary demand at 30.49 times, more than double day two's 12.67 times
• Retail investors continuing strong participation at 13.52 times, up from day two's 9.33 times
• QIB segment maintaining consistent interest at 0.98 times across all three days
• Total applications reaching 13,281, indicating widespread investor participation
• Cumulative bid amount reaching ₹279.33 crores, over 9 times the issue size
• Bid amounts from NII and retail categories nearly equal at ₹134.48 crores and ₹139.16 crores respectively

Desco Infratech IPO - Day 2 Subscription at 7.69 Times

Key Highlights:

• Overall subscription surging to 7.69 times, showing more than three-fold growth from day one
• NII segment showing impressive demand at 12.67 times, nearly four times day one's 3.45 times
• Retail investors showing strong confidence at 9.33 times, more than triple day one's 2.81 times
• QIB segment maintaining steady interest at 0.98 times, unchanged from day one
• Day two momentum indicating extraordinary investor enthusiasm across retail and HNI segments
• Market response highlighting strong confidence in city gas distribution and infrastructure sectors
• Engineering and construction expertise attracting significant investor attention
• Second day setting stage for exceptional final day subscription levels

Desco Infratech IPO - Day 1 Subscription at 2.43 Times

Key Highlights:

• Overall subscription opening remarkably strong at 2.43 times, showing exceptional first-day interest
• NII segment beginning impressively at 3.45 times, indicating strong high net-worth investor confidence
• Retail investors showing robust initial interest at 2.81 times, reflecting strong individual participation
• QIB segment showing near-full subscription at 0.98 times on day one
• Opening day demonstrating extraordinary investor engagement across categories
• Initial momentum reflecting highly positive assessment of infrastructure sector opportunity
• City gas distribution expertise drawing significant investor interest from day one
• First day setting strong subscription baseline suggesting potential for oversubscription

About Desco Infratech Limited

Founded in January 2011, Desco Infratech Limited specializes in infrastructure engineering and construction with focus on city gas distribution, renewable energy, water management, and power sectors. The company has expanded across 55 cities in 14 states, laying over 4,000 kilometers of MDPE pipelines and delivering 200,000+ piped natural gas connections to residential, industrial, and commercial establishments.

With 234 employees as of December 2024, the company maintains strong relationships with suppliers while adhering to strict safety and compliance standards through established standard operating procedures.

Financial performance shows steady growth with revenue of ₹29.49 crores in FY2024 and profit of ₹3.46 crores, while the six months ended September 2024 already reported ₹22.75 crores revenue with ₹3.38 crores PAT. 
 

Highlights of the Desco Infratech IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹30.75 crores
• Fresh Issue: 20.50 lakh shares
• Face value: ₹10 per share
• Issue price: ₹150 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹1,50,000
• Minimum investment for HNI: ₹3,00,000 (2 lots)
• Market maker reservation: 1,07,000 shares
• Anchor portion: 5,77,000 shares (₹8.66 crores raised)
• Listing at: BSE SME
• IPO opens: March 24, 2025
• IPO closes: March 26, 2025
• Allotment date: March 27, 2025
• Listing date: April 1, 2025