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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 : NA
Email :
investors@descoinfra.co.in
Website :
www.descoinfra.co.in
Initial public offer of 20,50,000 equity shares of face value of (
R
s
) 10/- each (the "Equity Shares") of Desco Infratech Limited ("The Company" or "Desco" or "The Issuer") for cash at a price of (
R
s
) 150/- per equity share including a share premium of (
R
s
) 140/- per equity share (the "Issue Price") aggregating to (
R
s
) 30.75 crores ("The Issue"), of which 1,07,000 equity shares of face value of (
R
s
) 10/- each for cash at a price of (
R
s
) 150/- per equity share including a share premium of (
R
s
) 140/- per equity share aggregating to (
R
s
) 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 (
R
s
) 10/- each at a price of (
R
s
) 150/- per equity share including a share premium of (
R
s
) 140/- per equity share aggregating to (
R
s
) 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 (
R
s
) 10/- each. The issue price is 15.0 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-Mar-25
26-Mar-25
150.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 1000 Further Multiples of : 1000
(
R
s
.Cr
)
Lead Managers to the Issue
Project Cost
26.90
Smart Horizon Capital Advisors Pvt Ltd
Project Financed through Current Offer
30.75
Post Issue Equity Share Capital
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!!!