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.
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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.
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