NACDAC Infrastructure IPO to Open on 17 December 2024, GMP Indicates 90% Listing Premium
With the current Grey Market Premium (GMP) reaching ₹33, NACDAC Infrastructure shares could list at approximately ₹68. This projection indicates a potential listing gain of over 94% for investors who are allotted shares in the IPO.
NACDAC Infrastructure a small construction company, is set to launch its Initial Public Offering (IPO) on December 17, 2024. The IPO will remain open for subscription until December 19, 2024. The price of each share has been set at ₹35. The company’s shares are already making waves in the grey market, where they are trading at a premium of over 90%. The total size of the public issue is expected to be ₹10.01 crore.
Expected Listing Price Based on GMP
With the current Grey Market Premium (GMP) reaching ₹33, NACDAC Infrastructure shares could list at approximately ₹68. This projection indicates a potential listing gain of over 94% for investors who are allotted shares in the IPO. The shares are scheduled to list on the Bombay Stock Exchange (BSE) SME platform on December 24, 2024.
IPO Details for Retail Investors
Retail investors can bid for one lot of shares in the IPO. A single lot consists of 4,000 shares, requiring an investment of ₹1,40,000. Before the IPO, the promoters held a 95.9% stake in the company, which will be reduced to 67.13% after the public issue.
The funds raised through the IPO will be utilized for working capital requirements and general corporate purposes, as per the company’s prospectus.
NACDAC Infrastructure Business Overview
NACDAC Infrastructure was established in 2012 and operates as a construction company specializing in multi-story buildings. The firm has expertise in constructing residential, commercial, and institutional structures. Its niche lies in providing high-quality construction services in a competitive market.
Why This IPO is Generating Buzz
The impressive GMP of ₹33 ahead of the IPO signals high demand among investors. Market experts suggest that the strong GMP reflects positive sentiment toward the company’s growth potential and financial health. Investors who secure an allotment may see significant returns on listing day.
Promoters and Stake Reduction
Currently, the promoters hold a 95.9% stake in the company. Post-IPO, this figure will drop to 67.13%, giving the public a chance to participate in the company’s equity. This substantial reduction indicates the company’s confidence in attracting retail and institutional investors.
Key Investment Highlights
- Affordable Price Point: With shares priced at ₹35 and a strong GMP, the IPO provides an attractive opportunity for investors seeking high returns.
- High Demand in Grey Market: The current premium indicates robust investor confidence.
- Sector Expertise: The company’s focus on multi-story and institutional projects gives it a competitive edge in the infrastructure sector.
IPO Key Dates and Listing Details
- IPO Opening Date: December 17, 2024
- IPO Closing Date: December 19, 2024
- Listing Date: December 24, 2024
- Listing Platform: BSE SME
Retail investors are advised to review the company’s financials, promoter track record, and sector outlook before making investment decisions.
