The Desco Infratech IPO has been making waves in the investment community, attracting the attention of both retail and institutional investors. If you’re considering investing in this IPO, it’s crucial to understand the company’s business model, whether it aligns with halal investment principles, its strengths and risks, and how to apply for the IPO. In this comprehensive guide, we’ll cover everything you need to know about the Desco Infratech IPO.
Desco Infratech, a subsidiary of the renowned Desco Group, is set to go public with its Initial Public Offering (IPO). The company specializes in infrastructure development, including construction, engineering, and project management services. The IPO aims to raise funds for business expansion, debt repayment, and working capital requirements.
- open Date: 24 march 2025
- close date: 26 march 2025
- issu size: 31cr
- price band: 147- 150
- lot size: 1000
- min invet..: 150,000
- listing date: 01 apr 2025
- refunds date: 28 march 2025
Desco Infratech IPO Allotment Inquiry
- Registrar’s Website: Visit the official website of the IPO registrar (Bigshare Services Pvt Ltd) and enter your application number or PAN details.
- BSE/NSE Website: You can also check the allotment status on the BSE or NSE website by entering your application number.
- Broker’s Platform: Many brokers provide IPO allotment status updates on their trading platforms.
If you are allotted shares, they will be credited to your Demat account before the listing date. If not, the blocked amount will be released back to your bank account.
Is Desco Infratech’s Halal?
The company’s business is construction, which falls under the halal category, but most companies of this type in India do business by taking loans. Halal investors should avoid companies that have high risk. The IPO details show that it is a fresh issue of 20.50 lakh shares to raise ₹30.75 crore, with the funds allocated for debt repayment, working capital and general corporate purposes. The mention of “prepayment or repayment of certain loans” indicates that some debt exists, but its nature (interest-bearing or not) and extent are unclear without further data.
Note: It’s advisable to consult with a qualified Islamic finance expert or scholar to confirm the halal status of the investment.
