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Desco Infratech IPO: Unleasted shares of Desco Infratech Ltd are currently trading at Rs 168, which is 12 percent premium (GMP) at a point of Rs 150.
Desco Infratech IPO.
Desco infratech ipo: The initial public offer of Desco Infratech LTD, which is scheduled to close at 5 pm on Wednesday, has received a strong response from investors so far. On the last day of the bidding on Wednesday till 10:39 am, Rs 30.75 crore BSE SME IPO received 12.48 times membership, which is compared to 13,66,000 shares for 1,70,47,000 shares for 1,70,47,000 shares for 1,70,47,000 shares.
So far, the retail category has been fully subscribed with membership 13.21 times, while NII has received 25.87 times. The QIB category has got 0.98 times subscription.
The price of the IPO, which was opened on Monday, March 24, has been fixed for Rs 150.
Desco Infratech IPO GMP today
According to market observers, unrestaded shares of Desco Infratech LTD are currently trading at Rs 168, which is 12 percent premium (GMP) at a point of Rs 150. Its listing is going to be held on 1 April on BSE SME.
GMP is based on market sentiments and changes. ‘Gray Market Premium’ indicates the readiness of investors to pay more than the issue price.
Desco Infratech IPO: More details
Rupee.
The bid for IPO began on 24 March 2025, and concluded on 26 March 2025. The allocation is expected to finalize on March 27, 2025 (Thursday), with a temporary listing date on the BSE SME platform on 1 April 2025 (Tuesday).
The price band for IPO is set to Rs 150 per share, with a minimum size of 1,000 shares. Retail investors are required to invest at least Rs 1,47,000, but it is recommended to bid at the cost of cutoffs, so that oversbscription risks can be reduced, requiring an investment of about Rs 1,50,000. High net-beauty individuals (HNI) should apply for a minimum of 2 lots (2,000 shares), which has an amount of Rs 3,00,000.
Smart Horizon Capital Advisors Private Limited is a book-hanging lead manager, while BigShare Services Private Limited is handling the Registrar Duty. The market is the market maker Rikhav Securities Limited for this issue.
