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The IPO of NACDAC Infrastructure Limited has created history in terms of subscription. It has become the most subscribed IPO with 2209.74 times subscription. Even in the gray market, the company’s shares are performing strongly and are trading at a premium of 143%.
IPO price and gray market premium
- Share price: Rs 35.
- Gray Market Premium (GMP): Rs 50.
Based on this premium, the share could be listed at Rs 85. This means that investors who will be allotted shares can make a profit of up to 143% on the day of listing.
- Listing date: 24 December 2024.
- Platform: SME platform of Bombay Stock Exchange (BSE).
Interest of retail and institutional investors in IPO
NACDAC Infrastructure’s IPO received an overwhelming response from all investors:
- Retail investors: 2503.68 times subscription.
- Non-Institutional Investors (NII): 4084.36 times.
- Qualified Institutional Buyers (QIB): 236.39 times.
IPO format
- Shares in one lot: 4000.
- Minimum investment for retail investors: Rs 1.40 lakh.
- Last day of subscription: Thursday, till 5:15 pm.
NACDAC Infrastructure: Company Information
- Year established: 2012.
- Main business: Construction.
- Multi-storey buildings.
- Residential, Commercial and Institutional Structures.
- Recognition:
- Class A Contractor.
- Registered with Uttarakhand Drinking Water Solutions Development and Construction Corporation.
- ISO certified.
The company has carved a strong niche over the years due to its efficiency and reliability.
Highest subscription IPO
NACDAC Infrastructure has left everyone behind with 2209 times subscription.
- HOAC Foods India Ltd (May 2024): Subscribed 2013.64 times.
- Hamps Bio Ltd: Subscribed 1057 times.