Desco Infratech IPO Allotment Finalised: A Step-By-Step Guide To Check Status Online, Know Latest GMP
Desco Infratech IPO: Unlisted shares of Desco Infratech Ltd are currently trading at Rs 162 apiece, which is 8 per cent premium (GMP) than the issue price of Rs 150, indicating marginal listing gains for investors.
The Desco Infratech IPO allotment is set to be finalised in the evening on Thursday, March 27. Once allotted, investors will start receiving bank debit messages. They can also check the allotment status on the NSE website as well as registrar Bigshare Services Pvt Ltd’s portal.
The initial public offering, which was open between Monday and Wednesday, received an overall subscription of 83.75 times garnering bids for 11,44,06,000 shares as against the 13,66,000 shares on offer. The retail category has been fully subscribed with 50.62 times subscription, while the NII has got a 233.26 times subscription. The QIB category has received a 28.76 times subscription.
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The price of the Rs 30.75-crore BSE SME IPO was fixed in the range of Rs 150 apiece.
Desco Infratech IPO: How To Check Allotment Status?
The IPO allotment is expected to take place in the evening today. Once allotted, investors can check the allotment status by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Select ‘Equity’ under ‘Issue Type’.
3) Under ‘Issue Name’, select ‘Desco Infratech Ltd’ in the dropdown menu.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘Search’ button, after clocking on ‘I’m not a robot’ button.
Your share application status will appear on your screen.
You can also visit directly on the registrar Bigshare Services Pvt Ltd’s portal — https://ipo.bigshareonline.com/ipo_status.html and check the Desco Infratech IPO allotment status.
Desco Infratech IPO GMP Today
According to market observers, unlisted shares of Desco Infratech Ltd are currently trading at Rs 162 apiece, which is 8 per cent premium (GMP) than the issue price of Rs 150, indicating marginal listing gains for investors. Its listing is scheduled to take place on April 1 on the BSE SME platform.
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.
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