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Issue Open Date
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24-Mar-25
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Issue Closing Date
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26-Mar-25
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Application Money
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100
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Allotment Money
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Price Band
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147
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150
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Minimium Application No.
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1000
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Issue Size (Shares)
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1473000
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Market Lot
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1
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Objective
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Our Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: 1. Funding of capital expenditure requirements towards setting up of corporate office in Surat, Gujarat;2. Funding of capital expenditure requirements towards purchase of machineries;3. Funding Working Capital Requirements of our Company; and4. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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401000
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68685000
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171.284289276808
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Qualified Institutional Buyers
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386000
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11100000
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28.7564766839378
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Retail Individual Investors
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686000
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34727000
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50.6224489795918
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Business Description
Our Company is engaged in providing infrastructure and maintenance services to city gas distribution divisions in India.We engage in activities such as pipeline laying, installation, testing, erection and commissioning for Piped Natural Gas(PNG) utilized by both domestic and commercial users. Our Operation and Maintenance services (“O&M Services”) encompass both underground and above ground gas pipeline work for carbon steel and MDPE pipelines. As part of our O&M Services, we conduct lock pressure and leak detection tests on MDPE pipelines to identify leaks and prevent significant natural gas losses and potential accidents resulting from these leaks. We maintain client dedicated emergency response vehicles designed to detect leaks and deter unauthorized access, addressing potential hazards proactively. When a situation arises, a specialized team comprising an engineer, technicians and support staff is mobilized to the location. This team takes safe and immediate action to assess the situation and implement necessary measures, ensuring a quick operational recovery and minimizing any uninterrupted gas supply.
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Promoter's Holding
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Total Share Capital
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4461000
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Offered to Public
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1473000
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Promoter's Holding (Pre-Issue)
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79.29
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Promoter's Holding (Post-Issue)
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58.12
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Address |
A-703
Swastik Universal
Next To Valentine Theatre
Dumas Road
Umra
Surat,
Gujarat,
395007
Phone : 07574 999 097
Email : investors@descoinfra.co.in
Website : www.descoinfra.co.in
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Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
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Listed at |
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BSE
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Lead Manager |
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Smart Horizon Capital Advisors Pvt Ltd.
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Promoters |
Hina Pankaj Desai
Indiraben Pruthubhai Desai
Malhar P Desai
Pankaj Pruthu Desai
Samarth Pankaj Desai
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