Desco Infratech IPO allotment date in focus. Latest GMP, step-by-step guide to check allotment status online

Desco Infratech IPO allotment date today: Desco Infratech IPO share allotment will be finalised today (Thursday, March 27). The investors who applied for the issue can check the Desco Infratech IPO allotment status on the registrar's portal, which is Bigshare Services Pvt Ltd. Desco Infratech IPO subscription status on the third day of bidding was 83.75 times, as per chittorgarh.com. The subscription period for the initial public offering, Desco Infratech Ltd, opened on Monday, March 24 and ended on Wednesday, March 26.

Investors can verify the allocation details to see how many shares, if applicable, have been assigned to them. The status of the IPO allocation will indicate the number of shares that have been distributed to them. For those who do not receive any shares, the refund process will commence. The shares that have been assigned will be deposited into their demat accounts.

Individuals who received shares will have their demat accounts credited on Friday, March 28. The refund procedure will also begin on Friday.

Desco Infratech IPO listing date is fixed for Tuesday, April on BSE SME.

How to check Desco Infratech IPO allotment status on Registrar site?

Step 1

To input your login details directly, visit the Bigshare website at https://ipo.bigshareonline.com/ipo_status.html- Access the IPO allocation for Desco Infratech.

Step 2

Select the "Desco Infratech IPO" option from the list provided.

Step 3

Choose between "PAN Number, Beneficiary ID, or Application No./CAF No."

Step 4

Just click "Search." This can be accessed on both your computer and mobile device.

How to check Desco Infratech IPO allotment status on NSE?

Step 1

Go to the official NSE website - https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Step 2

To create an account, select the ‘Click here to sign up’ option and provide your PAN on the NSE site.

Step 3

Complete the form with your username, password, and the captcha code.

Step 4

On the next page, verify the status of your IPO allocation.

Desco Infratech IPO Details

Desco Infratech IPO consists of a fresh issue of 20,50,000 equity shares, aggregating to ₹30.75 crore. There's no offer for sale (OFS) component.

The Desco Infratech IPO intends to allocate the net funds raised from the offering for various purposes, such as financing the establishment of a corporate office in Surat, Gujarat; acquiring machinery; supporting the company’s working capital requirements; and addressing general corporate expenses.

Smart Horizon Capital Advisors Private Limited is functioning as the lead manager for the Desco Infratech IPO, while Bigshare Services Pvt Ltd serves as the registrar for this offering. Rikhav Securities Limited has been appointed as the market maker.

Desco Infratech IPO GMP today

Desco Infratech IPO GMP today is +12. This indicates Desco Infratech share price was trading at a premium of ₹12 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Desco Infratech share price is indicated at ₹162 apiece, which is 8% higher than the IPO price of ₹150.

Analyzing the grey market activities from the last 10 sessions, the IPO GMP is currently climbing and is anticipated to have a robust listing. The minimum GMP observed is ₹0.00, whereas the maximum GMP recorded is ₹20.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.