Desco Infratech Ltd - IPO

Desco Infratech Ltd IPO Details

Initial public offer of 20,50,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Desco Infratech Limited (The Company or Desco or The Issuer) for cash at a price of Rs. 150/- per equity share including a share premium of Rs. 140/- per equity share (the Issue Price) aggregating to Rs. 30.75 crores (The Issue), of which 1,07,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 150/- per equity share including a share premium of Rs. 140/- per equity share aggregating to Rs. 1.61 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e., net issue of 19,43,000 equity shares of face value of Rs. 10/- each at a price of Rs. 150/- per equity share including a share premium of Rs. 140/- per equity share aggregating to Rs. 29.14 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.71% and 25.31% respectively of the post issue paid up equity share capital of the company.The face value of equity shares is Rs. 10/- each. The issue price is 15.0 times the face value of the equity shares.

Objective of issue

Funding of capital expenditure requirements towards setting up of corporate office in. Funding of capital expenditure requirements towards purchase of machineries. Funding working capital requirements of the company. General corporate purposes.

Desco Infratech Ltd Contact Details

Desco Infratech Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investors@descoinfra.co.in

Website - www.descoinfra.co.in