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News Details

( As on 19/03/2025 16:40)

Desco Infratech announces launch of initial public offering

Desco Infratech Ltd. has announced public offering of 2050000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 140.00 per share. The gross proceeds of the issue are expected to be Rs 3,075.00 lakhs.

The company's initial public offer (IPO) will open on 24 March 2025 and is expected to close on 26 March 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 147.00-150.00 per share.

The IPO includes a fresh Issue of 2050000 Equity Shares of the Company at an price of Rs 150.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.

Desco Infratech Ltd. anticipates using the proceeds of the issue for .

Smart Horizon Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.