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Desco Infratech Ltd

Desco Infratech Ltd

    Registered Office : A-703 Swastik Universal Next 2,Valentine Theatre Dumas Rd Umr,Surat Gujarat 395007 Phone : +91 7574 999 097
    Fax :

    Email : investors@descoinfra.co.in

    Website : www.descoinfra.co.in

Initial public offer of 20,50,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Desco Infratech Limited ("The Company" or "Desco" or "The Issuer") for cash at a price of Rs. 150/- per equity share including a share premium of Rs. 140/- per equity share (the "Issue Price") aggregating to Rs. 30.75 crores ("The Issue"), of which 1,07,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 150/- per equity share including a share premium of Rs. 140/- per equity share aggregating to Rs. 1.61 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 19,43,000 equity shares of face value of Rs. 10/- each at a price of Rs. 150/- per equity share including a share premium of Rs. 140/- per equity share aggregating to Rs. 29.14 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.71% and 25.31% respectively of the post issue paid up equity share capital of the company. The face value of equity shares is Rs. 10/- each. The issue price is 15.0 times the face value of the equity shares.

Issue

Opens On

Closes On

24-Mar-2025

26-Mar-2025

Money Payable On

Application

Allotment

150.00

0.00

Minimum Application for shares in Nos : 1000.0 Further Multiples of : 1000.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

26.90

30.75

7.68

150.00

Smart Horizon Capital Advisors Pvt Ltd

Projects
  • Funding of capital expenditure requirements towards setting up of corporate office in
  • Funding of capital expenditure requirements towards purchase of machineries
  • Funding working capital requirements of the company
  • General corporate purposes
Promoted By
  • Indiraben Pruthubhai Desai
  • Pankaj Pruthu Desai
  • Hina Pankaj Desai
Listing At
  • BSE - SME
Registrar to the Issue
  • Bigshare Services Pvt Ltd