Desco Infratech IPO Soars: 12.48x Oversubscribed on Final Day

Desco Infratech's ₹30.75 crore IPO has garnered overwhelming investor interest, achieving a 12.48 times subscription by 10:39 AM on its closing day. The retail category saw 13.21 times subscription, while NIIs led with 25.87 times. The QIB portion stands at 0.98 times. The IPO, priced at ₹150 per share, closes today at 5 PM. The grey market premium indicates strong investor confidence, with shares trading at ₹168 apiece, a 12% premium over the issue price. Allotment is expected on March 27, with listing scheduled for April 1 on the BSE SME platform. This robust response underscores growing investor appetite for SME offerings in the infrastructure sector.

 

Source: News18, Alice Blue