IPO Synopsis

Desco Infratech Ltd

Registered Office: A-703 Swastik Universal Next 2,Valentine Theatre Dumas Rd Umr, Surat - 395007, Gujarat, India. 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-25 26-Mar-25 Money Payable On Application Allotment 150.00 0.00 Minimum Application for shares in Nos : 1000 Further Multiples of : 1000 Cr Lead Managers to the Issue Project Cost (.Cr) 26.90 Smart Horizon Capital Advisors Pvt Ltd Project Financed through Current Offer (.Cr) 30.75   Post Issue Equity Share Capital (.Cr) 7.68 Issue Price () 150.00

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

No Data Available