Desco Infratech IPO: Infrastructure firm Desko Infratech’s public subject closed right this moment with an important subscription of 83.75 occasions on 26 March. It was opened on 24 March. The corporate had deliberate to boost Rs 30.75 crore from this IPO. Solely 20.50 lakh new shares have been issued within the IPO. Reserve share for certified institutional consumers, 28.76 occasions, reserve share for non -institutional traders 233.26 occasions and Reserve share for retail traders stuffed 50.62 occasions. After the problem is closed, the allotment will now be finalized on March 27. The itemizing of shares could also be on BSE SME on 1 April. The bid within the IPO was put in a value band of Rs 147-150 per share and 1000 lot measurement. Sensible Horizon Capital Advisors Ebook Working Lead Supervisor for IPO. The Registrar BigShare Companies is Personal Restricted. The main focus of Desco Infratech is especially on Metropolis Gasoline Distribution, Renewable Vitality, Water and Energy Sectors on engineering, planning and development. Promoters of the corporate are Indiraben Pruthaubhai Desai, Pankaj Putu Desai, Hina Pankaj Desai, Malhar P Desai and Samarth Pankaj Desai. The shares of Desco Infratech are buying and selling at a premium of Rs 12 or 8 % within the grey market. How will the cash of IPO be used, the corporate will use the cash obtained from the IPO, beginning a company workplace in Surat, Gujarat, beginning a company workplace, buying equipment, assembly working capital wants and for normal company functions. 50 % of the IPO was reserved for certified institutional consumers, 35 % for retail traders and 15 % was reserved for non -institutional traders. Cult.match is bringing ₹ 2500 crore IPO, Service provider Banking Banker Monetary Desco Infratech Monetary State of affairs within the yr 2024 within the yr 2024 It was Rs 29.49 crore. It was Rs 29.28 crore in FY 2023. In FY 2024, the corporate’s internet revenue was recorded at Rs 3.46 crore, which was Rs 1.23 crore a yr in the past. Income in April-September 2024 was Rs 22.75 crore, internet revenue of Rs 3.38 crore and borrowing was Rs 6.82 crore. Disclaimer: Right here info supplied is being given right here just for info. It’s mandatory to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
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