{"id":6488,"date":"2025-03-19T16:42:49","date_gmt":"2025-03-19T11:12:49","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=6488"},"modified":"2025-03-19T16:42:50","modified_gmt":"2025-03-19T11:12:50","slug":"desco-infratech-ipo-to-open-for-subscription-on-march-24-price-band-set-at-%e2%82%b9147-150","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/desco-infratech-ipo-to-open-for-subscription-on-march-24-price-band-set-at-%e2%82%b9147-150\/","title":{"rendered":"Desco Infratech IPO to Open for Subscription on March 24, Price Band Set at \u20b9147-150"},"content":{"rendered":"\n<p>Infrastructure company Desco Infratech is set to launch its initial public offering (IPO) for public subscription on March 24. The IPO consists of a fresh issue of 20.5 lakh shares, with no offer-for-sale (OFS) component.<\/p>\n\n\n\n<p>The company has set the price band at \u20b9147-150 per share for the book-built issue. At the upper price band, the firm aims to raise \u20b930.75 crore from the IPO. The proceeds from the issue will be used for setting up a corporate office in Surat (Gujarat), purchasing machinery, meeting working capital requirements, and general corporate purposes.<\/p>\n\n\n\n<p><strong>IPO Subscription and Allotment Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Issue opens:<\/strong> March 24<\/li>\n\n\n\n<li><strong>Issue closes:<\/strong> March 26<\/li>\n\n\n\n<li><strong>Share allotment finalization:<\/strong> March 27<\/li>\n\n\n\n<li><strong>Listing date on BSE SME:<\/strong> April 1<\/li>\n\n\n\n<li><strong>Reservation:<\/strong>\n<ul class=\"wp-block-list\">\n<li>50% for Qualified Institutional Buyers (QIBs)<\/li>\n\n\n\n<li>35% for Retail Investors<\/li>\n\n\n\n<li>15% for Non-Institutional Investors<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>Desco Infratech is a Gujarat-based company that provides infrastructure and maintenance services for the city gas distribution (CGD) sector. It also operates in the power division, offering installation, connectivity, commissioning, and erection of low-tension (LT) and high-tension (HT) cables.<\/p>\n\n\n\n<p>Smart Horizon Capital Advisors is the sole book-running lead manager for the issue.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <strong><a>media@lakshmishree.com<\/a><\/strong>.<\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/desco-infratech-ipo-to-open-for-public-subscription-on-march-24-12969363.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/desco-infratech-ipo-to-open-for-public-subscription-on-march-24-12969363.html\" rel=\"noreferrer noopener nofollow\">Moneycontrol<\/a>.<\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infrastructure company Desco Infratech is set to launch its initial public offering (IPO) for public subscription on March 24. The IPO consists of a fresh issue of 20.5 lakh shares, with no offer-for-sale (OFS) component. The company has set the price band at \u20b9147-150 per share for the book-built issue. At the upper price band, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1077],"class_list":["post-6488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-desco-infratech-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6488"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6488\/revisions"}],"predecessor-version":[{"id":6490,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6488\/revisions\/6490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6489"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}