Mumbai, April 1 -- The scrip was listed at 160, a premium of 6.67% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 168 and a low of Rs 160. About 10.91 lakh shares of the company changed hands at the counter.

Desco Infratech's IPO was subscribed 77.74 times. The issue opened for bidding on 24 March 2025, and it closed on 26 March 2025. The price band of the IPO was set at Rs 147 to Rs 150 per share.

The IPO comprised a fresh issue of 20,50,000 shares. The promoter and promoter shareholding diluted to 58.12% from 79.29% pre-IPO.

The company intends to utilize the net proceeds for setting up a corporate office in Surat, Gujar...