Desco Infratech Ltd IPO
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Desco Infratech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 20.5 L | TBA | ₹ 6.86 L | ₹ 44.61 L | BSE | ₹ 30.75 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 24 Mar, 25 | 26 Mar, 25 | 1000 | ₹ 1,47,000 | Book Building - SME | 01 Apr, 25 |
Desco Infratech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Construction |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 11.53x | 963000 | 11100000 |
| NII | 233.62x | 294000 | 68685000 |
| Retail | 50.62x | 686000 | 34728000 |
| Employee | 0x | 0 | 0 |
| Total | 55.86x | 2050000 | 114513000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Desco Infratech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 5.14 | 1.89 | 1.34 |
| EBITDA | 5.30 | 2.04 | 1.48 |
| PAT | 3.46 | 1.23 | 0.83 |
| Total Assets | 21.07 | 18.77 | 10.43 |
| Share Capital | 0.28 | 0.25 | 0.25 |
| Total Borrowings | 7.99 | 6.91 | 4.30 |
| Operating Activities (Net Cash) | 3.62 | 1.38 | 0.97 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 7.99 | 6.91 | 4.30 |
| Net Cashflow | 0.35 | 0.17 | 0.19 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Desco Infratech Ltd
Desco Infratech Limited was originally incorporated under the name Desco Infratech Private Limited under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 19, 2011, issued by the Registrar of Companies Gujarat. Subsequently, the status of the Company was changed to public limited and the name of the Company was changed to Desco Infratech Limited vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of the Company held on June 01, 2024. The fresh certificate of incorporation consequent to conversion was issued on July 26, 2024, by Centralised Processing Centre. The Corporate Identification Number of the Company is U45201GJ2011PLC063710.
The infrastructure sector is a key driver of the Indian economy. The sector is highly responsible for propelling India's overall development and enjoys intense focus from the Government for initiating policies that would ensure the time-bound creation of world-class infrastructure in the country. The infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development. In other words, the infrastructure sector acts as a catalyst for India's economic growth as it drives the growth of the allied sectors like townships, housing, built-up infrastructure, and construction development projects.
The Company is mainly engaged in providing infrastructure and maintenance services to city gas distribution divisions in India. It engages in activities such as pipeline laying, installation, testing, erection and commissioning for Piped Natural Gas (PNG) utilized by both domestic and commercial users and in its operation and maintenance services. The Company has recently begun offering services in the power distribution projects relating to connectivity, commissioning, and erection of Low Tension (LT) and High Tension (HT) cables, in water distribution projects by offering by designing and constructing water distribution networks, open wells, sump wells, overhead tanks, and well systems and in the renewable energy sector by providing erection of reinforced concrete (RCC) piles for foundational and structural support, along with the installation of structures and solar modules for energy capture.
Peer Comparison:
- Rudra Gas Enterprise Ltd
- Likhitha Infrastructure Ltd
Desco Infratech Ltd IPO Key Points
Strengths
- Its expertise in city gas distribution sector and providing operations and maintenance services.
- Direct Relationship with Suppliers.
- Experienced promoters and management team.
- Standard Operating Procedures.
- Adherence to Safety and Compliance Standards.
Risk
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect the company business, reputation and results of operations.
- If the company fails to qualify for, or win new work orders from its clients, the company business, financial condition, results of operations, prospects and cash flows could be adversely affected.
- The company is highly dependent on certain key customers for a substantial portion of its revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations.
Strategy
- Expanding service portfolio.
- Expanding Operation & Management Services.
- Enhancing Working Capital Management.
- Continuing Client Relationship Development and Expansion.
- Enhancing Operational Performance.
- Its expertise in city gas distribution sector and providing operations and maintenance services.
- Direct Relationship with Suppliers.
- Experienced promoters and management team.
- Standard Operating Procedures.
- Adherence to Safety and Compliance Standards.
How To Apply for Desco Infratech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
