The NACDAC Infrastructure IPO, a ₹10.01 crore issue, garnered an overwhelming response from investors, with a subscription rate of 2,209.76 times. This IPO, which opened for bidding between December 17 and December 19, offered shares priced between ₹33 and ₹35 apiece, with a minimum application size of 4,000 shares.
Key Highlights of the IPO
| Details | Information |
|---|---|
| IPO Dates | December 17, 2024 – December 19, 2024 |
| Price Band | ₹33 – ₹35 per share |
| Minimum Lot Size | 4,000 shares |
| Issue Size | ₹10.01 crore |
| Type of Issue | Entirely fresh issue (28.60 lakh equity shares) |
| Subscription Rate (Overall) | 2,209.76 times |
| QIB Subscription | 236.39 times |
| NII Subscription | 4,084.46 times |
| Retail Subscription | 2,503.66 times |
| Tentative Listing Date | December 24, 2024 |
| Book Running Lead Manager | GYR Capital Advisors |
| Registrar | Maashitla Securities |
| Market Maker | Giriraj Stock Broking |
| Expected Grey Market Premium (GMP) | ₹50, indicating potential listing gains of 143% |
Financial Performance and Company Background
Incorporated in 2012, NACDAC Infrastructure is a construction company specializing in:
- Multi-story buildings.
- Residential, commercial, and institutional structures.
The company is an ISO-certified Class A contractor registered with the Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam. NACDAC Infrastructure operates as a niche SME player with robust bidding activity in the IPO market.
During the bidding process, the company saw applications worth:
- ₹14,385.53 crore overall.
- ₹8,237.05 crore from retail investors.
- ₹5,718.24 crore from non-institutional investors (NIIs).
Grey Market Premium (GMP)
The IPO has attracted strong interest in the grey market, with the GMP rising from ₹40 during the IPO opening to ₹50 as of the final bidding day. This indicates potential listing gains of 143%, making it an attractive opportunity for investors.
How to Check Allotment Status
On the BSE Website:
- Visit BSE IPO Allotment Status.
- Select Equity under the issue type.
- Choose NACDAC Infrastructure Limited from the drop-down menu.
- Enter your application number and PAN card ID.
- Verify using the “I am not a Robot” checkbox and click Search.
On Maashitla Securities Portal:
- Visit Maashitla Allotment Status.
- Select the IPO name (only visible after allotment finalization).
- Choose one of the modes: Application number, Demat account number, or PAN ID.
- Click Submit to view your allotment details.
Responsibilities of the Registrar
The registrar, Maashitla Securities, a SEBI-registered entity, is responsible for:
- Processing applications electronically.
- Allocating shares to successful applicants.
- Issuing refunds and updating electronic credit for shares.
- Addressing investor queries post-issue.
Key Takeaways
The NACDAC Infrastructure IPO has set a benchmark for SME IPOs with its record-breaking subscription rates and robust grey market premium. With a strong foothold in the construction sector and anticipated listing gains, this IPO has become a highlight of the 2024 IPO season.
FAQs
What is the price band for the NACDAC Infrastructure IPO?
The price band is ₹33-₹35 per share.
What is the minimum investment required?
The minimum investment requires 4,000 shares, amounting to approximately ₹1,32,000-₹1,40,000.
How many times was the IPO subscribed?
The IPO was subscribed 2,209.76 times overall.
What is the tentative listing date?
The shares are expected to list on December 24, 2024.
Where can I check the allotment status?
You can check the allotment status on the BSE website or through the Maashitla Securities portal.
What is the expected grey market premium (GMP)?
The GMP is around ₹50, indicating potential listing gains of 143%.
Will the IPO proceeds be used for growth initiatives?
Yes, the proceeds will be used for various corporate purposes, including operational expansion and new project development.
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