NACDAC Infrastructure IPO Allotment: How To Check Status Online? 2,200X Subscription, GMP Hints Strong Listing

NACDAC Infrastructure IPO Allotment: How To Check Status Online? 2,200X Subscription, Rs 14,386 Crore Bids; GMP Strong

NACDAC Infrastructure IPO: This company has become the most subscribed SME IPO in 2024, with subscriptions of more than 2,200 times. Its offer size of Rs 10 crore has bagged nearly Rs 14,386 crore worth of bids. On December 20, Friday, the basis of allotment of NACDAC Infra IPO will take place ahead of its listing next week. Currently, the grey market premium (GMP) signals a strong 143% premium market debut.

NACDAC Infrastructure IPO Allotment:

The shares allotment is likely to be finalised on December 20th. Since the IPO is going to be listed on the BSE SME segment, investors can check the status of their application on this exchange. Apart from this, the status can also be checked by the registrar of the IPO, Maashitla Securities Private Limited.

To Check the Status Online At Maashitla Securities Private Limited, Click On The Link Below:

https://maashitla.com/allotment-status/public-issues

Step 1: The link will direct you to the IPO allotment status page of Maashitla Securities. Select 'NACDAC Infrastructure Limited' under the company section.

Step 2: You can check the status by entering either PAN card number, Application number or Demat Account number details.

Step 3: Click Submit.

To Check Your Application Status On BSE, Click On The Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Step 1: First, select the issue type which in NACDAC Infrastructure Limited's case is 'Equity'.

Step 2: Then Select the issue name, which will be 'NACDAC Infrastructure Limited'.

Step 3: Step 3: Add your Application Number or PAN Card Number to process ahead. Lastly, Click on Search.

NACDAC Infrastructure IPO GMP Today:

As per Investor Grain, NACDAC Infrastructure SME IPO's last GMP is at Rs 50, last updated Dec 20th 2024 05:04 AM. With a price band of 35.00, NACDAC Infrastructure SME IPO's estimated listing price is Rs 85 (cap price + today's GMP). The expected percentage gain/loss per share is 142.86%.

NACDAC Infrastructure IPO Subscription Status:

The IPO oversubscribed by a mind-boggling 2,209.76 times on December 19. Massive demand was from the non-institutional portion which oversubscribed by 4,084.46 times, followed by the retail investors category whose portion oversubscribed by 2,503.66 times. Additionally, the qualified institutional buyers' portion oversubscribed by 236.39 times.

Overall, the bids were about 4,11,01,52,000 equity shares, which at the upper price band of the IPO is worth Rs 14,385.53 crore. This is multi-fold returns on its IPO size of Rs 10.01 crore.

NACDAC Infrastructure IPO Details:

The IPO opened on December 17 and closed on December 19. The price band for the IPO was fixed at Rs 33 and Rs 35 per share. The IPO is a 100% book building and will list on BSE SME.

NACDAC Infrastructure IPO Listing:

After the allotment of shares, the initial refund or credit of shares to the demat account is likely to take place on December 23. This is because the market will be closed on December 21st and 22nd due to the weekend holiday. After the credit or refund of shares, the NACDAC IPO will be listed on December 24.

About NACDAC Infrastructure:

NACDAC was incorporated on June 19, 2012, and started its business of civil and structural services. Its core offerings encompass the construction of multi-story buildings, electrical works (both Low-Tension & High-Tension), steel structure works, as well as bridges (including FOBs and ROBs) and all associated civil and structural works.

Giving a fundamental analysis, brokerage Alice Blue's note said, that NACDAC Infrastructure Limited's financial analysis reveals a mixed performance. Revenue has shown consistent growth, reflecting positive performance. Profitability, earnings per share, and return on net worth have improved, while the inventory turnover ratio indicates potential sales or inventory management concerns.