NACDAC Infrastructure IPO: Retail investors subscribed 2,503.68 times, NIIs an astounding 4,084.36 times, and QIBs an impressive 236.39 times, reflecting unprecedented demand across categories.
NACDAC Infrastructure IPO offered 18.6 lakh shares between December 17 and December 19 to raise Rs 10.01 crore.
NACDAC Infrastructure IPO Subscription Status, GMP Today: The Rs 10 crore NAC DAC Infrastructure IPO has created history with one of the highest subscription levels. In a spectacular display of investor enthusiasm, the construction company’s Rs 10 crore SME IPO attracted bids of Rs 14,385.43 crore, a feat that underscores its blockbuster appeal.
Launched between December 17 and December 19, the IPO offered 18.6 lakh shares to raise Rs 10.01 crore. By the end of the three-day bidding period on Thursday, the BSE IPO received bids for a staggering 411.01 crore shares, oversubscribed 2,209.74 times.
NACDAC Infrastructure Ltd, which specializes in construction of multi-storey buildings, residential, commercial and institutional structures, posted a net profit of Rs 3.16 crore and revenue of Rs 36.33 crore in the financial year 2023-24.
NACDAC Infrastructure IPO: Climate Response across investor categories
The IPO saw a strong response across investor categories:
Retail investors It has been subscribed 2,503.68 times, which shows the unprecedented demand for this segment.
Non Institutional Investor (NII) 4,084.36 times subscription was recorded.
Qualified Institutional Buyer (QIB) Achieved an impressive 236.39 times subscription.
The price band for the IPO was set at Rs 33 to Rs 35 per share, making it an attractive proposition for investors.
NACDAC Infrastructure IPO GMP Today
In the gray market, the unlisted shares of NACDAC Infrastructure Ltd are currently trading at Rs 77, reflecting a premium of Rs 42 (52.3%) over the upper price band of Rs 35. This suggests a brilliant listing on December 27 with potential gains. The IPO price has more than doubled.
Also read: Five IPOs Open Today: Detailed Comparison of GMP, Membership Status; Which one to apply?
The IPO will be listed on the BSE SME platform on December 24, while its allotment will be finalized on December 20.
NACDAC Infrastructure IPO: More Details
The IPO is a fresh issue of fully 28.60 lakh shares. Its bidding started on December 17, 2024 and ended on December 19, 2024.
The NACDAC Infrastructure IPO will list on the BSE SME with a provisional listing date set for Tuesday, December 24, 2024.
The price band of the IPO was fixed at Rs 33 to Rs 35 per share. Minimum lot size for application is 4,000. The minimum investment amount for retail investors is Rs 1,40,000. Minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to Rs.2,80,000.
GYR Capital Advisors Private Limited is the book-running lead manager of the NACDAC Infrastructure IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for the NACDAC Infrastructure IPO is Giriraj Stockbroking Pvt.
On Wednesday, the board of markets regulator Sebi approved several measures, including stricter regulatory norms for SME IPOs. Sebi has decided to introduce profitability criteria for companies planning to come out with IPOs, impose a cap on offer for sale (OFS) and introduce a phased lock-in for promoters.
Also in August, New Delhi-based Bike Showroom Resourceful Automobile’s Rs 12 crore SME IPO received investor bids of over Rs 4,700 crore. The company operates only two Yamaha showrooms in New Delhi.