• 💰 Desco Infratech IPO Details:
  • Desco Infratech is looking to raise ₹30.75 crore at the upper price band through its IPO.
  • The IPO consists of a fresh issue of 20.5 lakh equity shares with no offer for sale (OFS) component.
• 🔢 IPO Allocation:
  • 50% of the issue is reserved for Qualified Institutional Buyers (QIBs).
  • 35% is allocated for retail investors.
  • The remaining 15% is reserved for Non-Institutional Investors (NIIs).
• 🏢 Anchor Investment:
  • Desco Infratech raised ₹8.65 crore from anchor investors ahead of the IPO.
  • 5.77 lakh equity shares were allocated to anchor investors at ₹150 per share, the upper end of the price band.
• 💸 Price Band & Lot Size:
  • The price band for the issue is set between ₹147-150 per share.
  • Retail investors can bid for a minimum of 1,000 shares at a cost of ₹1,47,000.
  • High-net-worth investors can bid for 2,000 shares at a cost of ₹3,00,000.

The IPO opens today, March 24, 2025, for subscription!