NACDAC Infrastructure IPO: Allotment, GMP,  Price Band & other key details of the BSE SME issue 

NACDAC Infrastructure is set to hit with its Initial Public Offering (IPO) on December 17 and will conclude on December 19. NACDAC Infrastructure’s BSE SME IPO is entirely a fresh issue of 28.6 lakh shares with an aim to raise Rs 10.01 crore through this offering.

Here is a detailed look at what this IPO has to offer:

Key Details of the IPO

The price band for NACDAC Infrastructure IPO is set between Rs 33 to Rs 35 per share. Investors can bid for a minimum of 4000 shares, which translates to an investment of Rs 1,40,000 for retail buyers.

For high-net-worth individuals (HNIs), the minimum investment requirement is Rs 2,80,000, equivalent to two lots.

Talking of the share allocation breakdown, the issue has reserved 50 per cent of the shares for qualified institutional buyers (QIBs), 35 per cent for retail investors, and 15 per cent for non-institutional investors (NIIs).

Grey market premium  

Ahead of the NACDAC Infrastructure IPO opening, BSE SME issue shares are trading at Rs 21 in the grey market, with an estimated listing price of Rs 56, a potential gain of 60 per cent.

Also Read: Upcoming IPOs! Eleganz Interiors files DRHP with NSE Emerge for IPO

Allotment and listing

The allotment status is expected to be finalised on December 20, with refunds initiated on December 23. Furthermore, the listing of the public offering is scheduled for December 24 on the BSE SME platform.

Fund Utilisation

The funds garnered through this IPO will be used in the growing needs of working capital requirements and general corporate purposes.

Financial performance

NACDAC Infrastructure between the fiscal year 2023 and 2024, marked a revenue surge by 209.49 per cent, while its profit after tax (PAT) increased by an  904.44 per cent.

About the company

The company was founded as a Class A and ISO-certified contractor, specialies in civil and structural construction and its portfolio includes multi-story buildings, steel structure works, electrical projects (both low and high tension), and bridge construction.

 » Read More

Related Articles

It’s slow going at Indiamart

It’s been a rough couple of years for IndiaMart InterMesh but Dinesh Agarwal is betting things will look up. The CEO of the country’s biggest B2B portal, which caters to small enterprises, is hopeful the pace of customer additions will perk up. Since June, 2023 just about 2,000-3,000 customers have been added every quarter compared

Explained: Why is GST on caramelized popcorn higher? A detailed analysis

The Goods and Services Tax (GST) Council Meeting, headed by Finance Minister Nirmala Sitharaman invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 per cent tax while caramelized popcorn would attract an 18 percent GST. On 21st December, the Ministry of Finance, in a release, clarified that “ready

Are markets closed on December 25, 2024?

Stock Market Closed on Christmas: The market will remain closed for three days this week. This is because of the mid-week Christmas holiday on December 25. This holiday will be followed by the usual weekend closures on Saturday, December 28 and Sunday, December 29, making this a holiday-shortened trading week. Christmas, celebrated on December 25

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

It’s slow going at Indiamart

It’s been a rough couple of years for IndiaMart InterMesh but Dinesh Agarwal is betting things will look up. The CEO of the country’s biggest B2B portal, which caters to small enterprises, is hopeful the pace of customer additions will perk up. Since June, 2023 just about 2,000-3,000 customers have been added every quarter compared

Explained: Why is GST on caramelized popcorn higher? A detailed analysis

The Goods and Services Tax (GST) Council Meeting, headed by Finance Minister Nirmala Sitharaman invited mixed reaction after it announced that pre-packed and labelled ready-to-eat popcorn will attract a 12 per cent tax while caramelized popcorn would attract an 18 percent GST. On 21st December, the Ministry of Finance, in a release, clarified that “ready

Are markets closed on December 25, 2024?

Stock Market Closed on Christmas: The market will remain closed for three days this week. This is because of the mid-week Christmas holiday on December 25. This holiday will be followed by the usual weekend closures on Saturday, December 28 and Sunday, December 29, making this a holiday-shortened trading week. Christmas, celebrated on December 25

Global action at this hour – Here are top 5 global cues to watch ahead of market opening

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued start on Monday following Asian markets opening on a higher note in early trade hours.  Previously, on Friday, the NSE Nifty 50 closed the session 364 points or 1.52% lower at 23,587, while the BSE Sensex slipped 1,176

Flying High: Adani Group to acquire 85.8% stake in Air Works for Rs 400 crore

Adani Enterprises on Monday announced that its wholly owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works India (Engineering) Private Limited, a private sector MRO company with a pan-India footprint. The cost of acquisition would be at an enterprise value