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Desco Infratech Ipo | Apply Or Avoid In Desco Infratech Ipo? | Pankaj Singh

Desco Infratech Ipo | Apply Or Avoid In Desco Infratech Ipo? | Pankaj Singh

#descoinfratechipo #desco #infratech #ipo #finance

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The initial share sale of Desco Infratech, an infrastructure company, has fully subscribed at 2.26 times on March 24, the first day of bidding, backed by support from across categories of investors. The issue will close on March 26.

The company intends to raise Rs 30.75 crore via public issue of 20.5 lakh shares at the upper end of the price band of Rs 147-150 per share. The book-built issue comprises solely fresh issues.

Investors have bid for 33.24 lakh equity shares against the offer size of 14.73 lakh shares via 2,023 applications, the subscription data published on the BSE showed.

Retail and non-institutional investors provided the maximum support to the issue on day 1, subscribing 2.81 times and 2.53 times their reserved portions, respectively. The part set aside for qualified institutional buyers was subscribed to 98 per cent.

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Disclaimer - This is our personal view and mutual funds and equity investments are subject to market risk. Please read all offer documents before investing. This video is only for education purpose. Please consult your adviser before investing. This video is only to give information and only for education purpose. By accessing and using our content on the Youtube channel or any other social media platform(s), you acknowledge and agree to the terms of this disclaimer. Please be aware that we are not SEBI-registered investment advisors.

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