Today marks an important milestone for investors eager to know their fate in the Desco Infratech IPO allotment process. As of March 27, the final allotment of shares will be confirmed, and those who participated in the bidding can check their status via Bigshare Services Pvt Ltd, the designated registrar. After a strong showing, the IPO’s subscription rate reached an impressive 83.75 times by the end of the third day.
IPO Subscription Highlights
The Desco Infratech IPO opened its doors on March 24 and concluded on March 26. Investors are now keen to verify their allocation details, which will indicate how many shares, if any, have been assigned to them. For those who do not receive shares, the refund process will initiate quickly.
- Demat Account Credit: Those allocated shares will see them credited to their demat accounts by March 28.
- Refund Initiation: Refunds for unsuccessful applications will also begin on the same day.
Upcoming Listing Date
The eagerly awaited Desco Infratech IPO listing is set for April 2 on the BSE SME platform.
How to Check Your Allotment Status
Investors can check their Desco Infratech IPO allotment status easily online. Here’s how:
Via Bigshare Services
- Navigate to the Bigshare website.
- Select the "Desco Infratech IPO" option from the dropdown menu.
- Choose to search by "PAN Number," "Beneficiary ID," or "Application No./CAF No."
- Hit "Search" to view your allotment status. This process is accessible on both computers and mobile devices.
Via NSE
- Visit the NSE official website.
- Click on ‘Click here to sign up’ and enter your PAN.
- Fill in the required fields to create your account.
- Check your IPO status on the next page.
Key Details About the Desco Infratech IPO
The Desco Infratech IPO features a fresh issue of 2,050,000 equity shares, amounting to approximately ₹30.75 crore, with no offer for sale (OFS) component. The funds raised will be utilized for:
- Establishing a corporate office in Surat, Gujarat.
- Acquiring essential machinery.
- Supporting working capital needs.
- Covering general corporate expenses.
Smart Horizon Capital Advisors Private Limited is leading the management of this IPO, while Bigshare Services Pvt Ltd acts as the registrar. Rikhav Securities Limited serves as the market maker.
Current Grey Market Premium
As of today, the Desco Infratech IPO GMP stands at +₹12, suggesting that shares are trading at a premium. This indicates a strong demand, with an estimated listing price of ₹162, which is about 8% higher than the IPO price of ₹150. The grey market activity has seen fluctuations, but overall trends suggest a promising listing.
In summary, the Desco Infratech IPO is generating significant interest, and investors are eagerly awaiting their allotment results. Make sure to check your status as the final allotment date arrives!
