Stellar debut! NACDAC Infrastructure IPO lists on BSE SME with 90% premium over issue price

NACDAC Infrastructure, a construction company, has made its debut on the BSE SME platform today (December 24). After receiving an overwhelming response during its IPO subscription period from December 17 to December 19, the company’s shares have listed at a premium of 90 per cent on BSE SME over the upper price band of Rs 35 per share. The company’s shares debuted at Rs 66.50 per share on the BSE.

NACDAC Infrastructure IPO GMP- Prior to the Listing

Prior to the official listing, NACDAC Infrastructure shares were trading at a grey market premium (GMP) of Rs 50 per share, with a projected listing price of Rs 85, a massive 142.86 per cent premium surge. However, it is essential to note that the GMP price, which is an unlisted price in the marketplace, is not an official indicator and  may not reliably reflect the actual listing price or the future performance of the stock.  

NACDAC Infrastructure IPO – Key Highlights

NACDAC Infrastructure raised Rs 10.01 crore through its initial public offering, which comprised a fresh issue of 28.60 lakh equity shares.

The price band for NACDAC Infrastructure IPO was set between Rs 33 to Rs 35 per share.

During its three-days subscription period, the BSE SME issue garnered a notable subscription rate of 2,209.74 times, securing total bids worth Rs 14,385.53 crore.

Also Read: DAM Capital Advisors IPO Allotment Live Updates: Check GMP price, listing date, and other key details

Subscription Numbers

Non-Institutional Investors (NII): Subscribed 4,084.46 times.

Retail Investors: Booked 2,503.66 times.

Qualified Institutional Buyers (QIBs): Recorded 236.39 times subscription.

Anchor Investors

The BSE SME issue, on December 16, the day prior to the IPO launch, raised Rs 2.73 crore from anchor investors.

Where Will the Funds Be Used?

The company plans to allocate the IPO proceeds towards meeting working capital requirements and general corporate purposes.

Also Read: Unimech Aerospace IPO Day 2 Live Updates: Check GMP price, listing date, time, subscription status, and other details

Key Players Behind the Scenes

The IPO process was managed as follows:

GYR Capital Advisors acted as the lead manager and Maashitla Securities oversaw the aspects of allotment and investor services as the registrar.

Giriraj Stock Broking played the role of the market maker.

 » Read More

Related Articles

How will the future of the supply chain look in 2025?

– By Nitin Navneet Tatiwala The global supply chain as we know is undergoing a seismic shift. Once seen as linear systems optimized for cost and efficiency, supply chains are evolving into dynamic, strategic assets. By 2025, they will be defined by three key pillars: resilience, technology, and sustainability. This transformation is not just a

Fireworks in defence sector in Q4: Sharp rise in order inflow expected as indigenization up

The defence sector is expected to witness a sharp rise in order inflow in Q4FY25 given that defence capex is set to be met in FY25, stated a report by Elara Capital. With indigenization as the primary theme for India’s defence story, the allocation to domestic companies stands at 75 per cent of the total

MobiKwik, Vishal Mega Mart, Inventurus Knowledge Solutions, and Sai Life Sciences lead most searched IPOs on Google trend in December  

The IPO momentum continues in December. MobiKwik, Vishal Mega Mart, Inventurus Knowledge Solutions, and Sai Life Sciences, all having significant investor interest along with oversubscription made a debut this month. The NTPC Green Energy IPO concluded in November but the counter continues to attract investor interest. Here’s a look at the top IPOs that are

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

How will the future of the supply chain look in 2025?

– By Nitin Navneet Tatiwala The global supply chain as we know is undergoing a seismic shift. Once seen as linear systems optimized for cost and efficiency, supply chains are evolving into dynamic, strategic assets. By 2025, they will be defined by three key pillars: resilience, technology, and sustainability. This transformation is not just a

Fireworks in defence sector in Q4: Sharp rise in order inflow expected as indigenization up

The defence sector is expected to witness a sharp rise in order inflow in Q4FY25 given that defence capex is set to be met in FY25, stated a report by Elara Capital. With indigenization as the primary theme for India’s defence story, the allocation to domestic companies stands at 75 per cent of the total

MobiKwik, Vishal Mega Mart, Inventurus Knowledge Solutions, and Sai Life Sciences lead most searched IPOs on Google trend in December  

The IPO momentum continues in December. MobiKwik, Vishal Mega Mart, Inventurus Knowledge Solutions, and Sai Life Sciences, all having significant investor interest along with oversubscription made a debut this month. The NTPC Green Energy IPO concluded in November but the counter continues to attract investor interest. Here’s a look at the top IPOs that are

Are markets closed on December 25, 2024?

Stock Market Holidays: 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 is observed

The Role of Gold Reserves in National Economies: A Global Overview

Gold reserves are a key financial asset held by central banks and governments world over. These reserves serve multiple purposes, primarily acting as a form of currency stabilization instrument and providing security during periods of economic uncertainty. US, Germant and Italy hold the highest gold reserves globally. India in comparison is at the 7th position