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Welcome to Lives News

We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.

Welcome to Lives News

We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.

Welcome to Lives News

We have a curated list of the most noteworthy news from all across the globe. With any subscription plan, you get access to exclusive articles that let you stay ahead of the curve.

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BusinessDesco Infratech IPO Receives 12.48x Subscription On Day 3 So Far; Check...

Desco Infratech IPO Receives 12.48x Subscription On Day 3 So Far; Check GMP Today – News18


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Desco Infratech IPO: Unlisted shares of Desco Infratech Ltd are currently trading at Rs 168 apiece, which is 12 per cent premium (GMP) over the issue price of Rs 150.

Desco Infratech IPO.

Desco Infratech IPO: The initial public offering of Desco Infratech Ltd, which is set to be closed at 5 pm on Wednesday, has so far received a strong response from investors. Till 10:39 am on the final day of bidding on Wednesday, the Rs 30.75-crore BSE SME IPO received a 12.48 times subscription garnering bids for 1,70,47,000 shares as against 13,66,000 shares on offer.

So far, the retail category has been fully subscribed with 13.21 times subscription, while the NII has got a 25.87 times subscription. The QIB category has received a 0.98 times subscription.

The price of the IPO, which was opened on Monday, March 24, has been fixed at Rs 150 apiece.

Desco Infratech IPO GMP Today

According to market observers, unlisted shares of Desco Infratech Ltd are currently trading at Rs 168 apiece, which is 12 per cent premium (GMP) over the issue price of Rs 150. Its listing is scheduled to take place on the BSE SME on April 1.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Desco Infratech IPO: More Details

The Rs 30.75-crore Desco Infratech IPO is entirely a fresh issue of 20.50 lakh shares.

The bidding for the IPO commenced on March 24, 2025, and concluded on March 26, 2025. The allotment is expected to be finalized on March 27, 2025 (Thursday), with a tentative listing date on April 1, 2025 (Tuesday) on the BSE SME platform.

The price band for the IPO is set at Rs 150 per share, with a minimum lot size of 1,000 shares. Retail investors need to invest at least Rs 1,47,000, but bidding at the cutoff price is recommended to mitigate oversubscription risks, requiring an investment of around Rs 1,50,000. High Net-worth Individuals (HNIs) must apply for a minimum of 2 lots (2,000 shares), amounting to Rs 3,00,000.

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

News business » ipo Desco Infratech IPO Receives 12.48x Subscription On Day 3 So Far; Check GMP Today



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