Desco Infratech IPO allotment finalized; shares trading at Rs 162

Desco Infratech has finalized its IPO allotment, which will be announced on the evening of March 27. Investors can expect to receive bank messages confirming their allocations soon. They can also check their allotment status online through the NSE website or the registrar's portal. The IPO was well-received, with bids for over 11 million shares, significantly surpassing the 1.36 million shares available. The retail segment alone saw a 50.62 times subscription. The share price was fixed at Rs 150, and shares are now trading at Rs 162, an 8% premium. Investors can check their status online by visiting the official BSE website or the Bigshare Services portal. Desco Infratech's listing is scheduled for April 1 on the BSE SME platform. The IPO totals Rs 30.75 crore, consisting of a fresh issue of 20.50 lakh shares.