Nacdac Infra's Rs 10 Crore Ipo Receives Bids Worth Rs 14,000 Crore

Nacdac Infra’s Rs 10-crore IPO receives bids worth Rs 14,000 crore: 10 things to know about Ghaziabad-based SME

Nacdac Infrastructure IPO Allotment Set to Be Announced Following Record-Breaking Subscription

The eagerly anticipated allotment of Nacdac Infrastructure IPO shares is due today, following a massive oversubscription of nearly 2,000 times. The Rs 10.01 crore SME IPO has been the talk of the town, grabbing attention across the market for its unprecedented demand.

Key Details of Nacdac Infrastructure IPO

  1. Subscription Record:
    The IPO saw a jaw-dropping 1,976.14 times subscription, according to data from the exchange, marking the highest-ever subscription numbers in the SME segment.
  2. Issue Highlights:
    • Opened on: December 17, 2024
    • Closed on: December 19, 2024
    • Price Band: Rs 33-35 per share
    • Lot Size: 4,000 shares
    • Total Shares Offered: 28.6 lakh shares
  3. Massive Response:
    The IPO attracted bids worth over Rs 14,000 crore from 6,41,048 applications for a total offer size of 20.80 lakh shares.
    • Non-Institutional Investors (NIIs): Subscribed 2,635.49x
    • Retail Individual Investors (RIIs): Subscribed 2,503.67x
    • Qualified Institutional Buyers (QIBs): Subscribed 236.39x
  4. Anchor Allocation:
    About Rs 2.73 crore worth of shares were allocated to anchor investors.
  5. Grey Market Premium (GMP):
    Market observers report a strong grey market premium (GMP) of Rs 50 per share, suggesting a potential listing gain of 90% over the IPO price.
  6. Listing Date:
    Shares are scheduled to list on the BSE SME platform on December 24, 2024.

Objectives of the IPO

Nacdac Infrastructure plans to use the funds raised for working capital requirements and general corporate purposes, fueling its growth in the construction and infrastructure sector.

Ipo

About Nacdac Infrastructure

The Ghaziabad-based construction company provides diversified construction services, including end-to-end solutions for a wide array of infrastructure development projects.

A Historic IPO for the SME Segment

This IPO sets a new benchmark, recording the highest-ever subscription numbers in the SME IPO segment. Other notable IPOs with over 1,000 times subscriptions include Hamps Bio, Toss The Coin, HOAC Foods India, and Kay Cee Energy & Infra.

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