The NACDAC Infrastructure IPO, a BSE SME issue, has caught the attention of investors, especially with a Grey Market Premium (GMP), an unlisted marketplace. NACDAC Infrastructure IPO, a fresh issue of 28.60 lakh shares, is planning to raise Rs 10.01 crores through its book-built issue.
The issue opened for bidding on December 17, and is set to close its bidding window today (December 19)
GMP
One of the most talked-about aspects of this IPO is its Grey Market Premium (GMP). As of the third day of bidding, the NACDAC Infrastructure IPO was trading at a GMP of Rs 40, suggesting a possible listing price of Rs 75 per share, a 114.29 per cent gain from the issue price.
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Allotment and Listing
The allotment of NACDAC Infrastructure shares will be finalised on December 20. Furthermore, the company is to make its market debut on the BSE SME platform on December 24.
Investor Appetite and Subscription Numbers So far
The NACDAC Infrastructure IPO so far has seen an overwhelming response from investors. By the third day of bidding, the issue was subscribed 1,089.08 times so far by the time of 1:00 PM today, with retail investors leading the charge.
The retail category saw a 1,519.96 times subscription, followed by 16.19 times in the Qualified Institutional Buyers (QIB) segment and 1,471.25 times in the Non-Institutional Investors (NII) category.
Also Read: Mamata Machinery IPO subscribed over 3 times within hours
The company raised Rs 2.73 crores raised from anchor investors, prior to the opening of its offer.
Lead Managers and Registrars
The NACDAC Infrastructure IPO is managed by GYR Capital Advisors as the book running lead manager. Maashitla Securities Private serves as the registrar, while Giriraj Stock Broking is the market maker for the issue.
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