Nacdacinfra Ipo: NACDAC Infrastructure IPO Opens at 35 Rupees Today, GMP Indicates 115% Listing Gains
According to Investorgain.com NACDACS Infrastructure IPO is currently available at a 40 rupee premium in the grey market. This indicates that the company's shares are expected to list around 75 rupees per share, offering up to 115% gains on listing.
Nacdacinfra Ipo News: The NACDACS Infrastructure SME IPO opens for subscription today, Monday, December 17, 2024, and will close on December 19, 2024. The price band for the issue has been set at 35 rupees per share, and the company aims to raise 10 crore rupees through this public offering. The company has strategically allocated the offer with 50% reserved for qualified institutional buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.
GMP Signals Strong Listing Gains
According to Investorgain.com, NACDACS Infrastructure IPO is currently available at a 40 rupee premium in the grey market. This indicates that the company’s shares are expected to list around 75 rupees per share, offering up to 115% gains on listing. The shares will be listed on the BSE SME platform, with the listing date scheduled for December 24, 2024.
The IPO allotment status will be finalized on December 20, 2024, followed by refunds on December 23, 2024. Successful investors can expect the shares to be credited to their Demat accounts on the same day as the refund initiation.
IPO Details and Objectives
The lead book-running manager for the NACDACS Infrastructure IPO is GYR Capital Advisors, while Mashitla Securities is the registrar. The funds raised from this issue will primarily be used to meet the company’s working capital requirements and fulfill general corporate objectives.
For retail investors, the minimum application size is 4000 shares, which requires an investment of ₹140,000. For high-net-worth individuals (HNIs), the minimum investment stands at ₹280,000, or two lots of 4000 shares each.
Company Overview and Business Model
NACDACS Infrastructure is a construction company specializing in various civil and structural services. The company’s core areas of focus include:
- Multi-storey buildings
- Steel structure works
- Electrical works
- Bridge construction
NACDACS Infrastructure is a Class A contractor and holds ISO certification, which adds credibility to its business operations. The company is registered with the Uttarakhand Pey Jal Sansadhan Vikas Evam Nirman Nigam (UPSVENN), a government body handling water resources and construction projects in Uttarakhand.
Financial Position and Growth Prospects
NACDACS Infrastructure’s financial performance reflects steady growth, with a focus on delivering high-quality civil and structural projects. The company’s robust portfolio of government and private contracts highlights its growing presence in the construction sector.
As an SME IPO, this issue aims to capitalize on emerging infrastructure opportunities and leverage its strong operational background for future growth. The funds raised will empower NACDACS Infrastructure to improve cash flow and take on larger, more complex projects in the near future.
What Makes This IPO Attractive?
- Strong GMP Performance: The 40 rupees premium in the grey market reflects strong investor confidence, with listing gains projected at 115%.
- BSE SME Platform: The SME segment has seen significant investor interest, delivering substantial returns on several IPOs in the past.
- Focused Business Model: The company’s specialization in civil infrastructure, bridges, and steel works gives it a competitive edge in the construction market.
- Government Contracts: Registration with UPSVENN highlights NACDACS Infrastructure’s credibility and reliability as a government contractor.
- Affordable Price Band: At 35 rupees per share, the IPO provides an attractive entry point for retail and institutional investors.
IPO Timeline Overview
- IPO Open Date: December 17, 2024
- IPO Close Date: December 19, 2024
- Allotment Finalization: December 20, 2024
- Refund Initiation: December 23, 2024
- Shares Credited to Demat Accounts: December 23, 2024
- Listing Date: December 24, 2024
Key Takeaways for Investors
For retail investors, NACDACS Infrastructure IPO presents an opportunity to invest in a growing construction company at a reasonable valuation. With a GMP of 40 rupees and a projected listing price of 75 rupees, the IPO signals strong short-term returns for early investors. The company’s focus on civil and structural services, backed by government projects, adds further confidence for long-term prospects.