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NACDAC Infrastructure IPO allotment date likely today. GMP, how to check allotment status
Team Finance Saathi
20/Dec/2024
What's covered under the Article:
- The subscription status of NACDAC Infrastructure IPO shows a huge demand, oversubscribed 1976.14 times.
- The Grey Market Premium (GMP) suggests strong listing gains with an expected ₹31 premium.
- Detailed steps to check the NACDAC Infrastructure IPO allotment status and next steps for investors.
NACDAC Infrastructure IPO: An Overview NACDAC Infrastructure Limited, a leading construction company, is focused on building the nation’s infrastructure to drive rapid economic growth. The company's mission is centered on robust infrastructure development to reduce poverty and improve living standards across India. The IPO is generating significant attention, with strong demand and a promising future in the infrastructure sector.
NACDAC Infrastructure IPO Details The NACDAC Infrastructure IPO is a fresh issue of 28.60 lakh shares, with an issue amount of ₹10.01 Crores. The price band for the IPO is set between ₹33 and ₹35 per equity share. The market capitalization at the upper price band is ₹36.83 Crores. Retail investors can apply for a minimum of 4,000 shares, translating to an investment of ₹1,40,000, while HNIs need to apply for 8,000 shares.
The IPO subscription period is from December 17 to December 19, 2024, with the allotment date expected on December 20, 2024. The shares will be listed on the BSE SME with a tentative listing date of December 23, 2024.
Grey Market Premium (GMP) and Subscription Status The Grey Market Premium (GMP) of NACDAC Infrastructure IPO has been impressive, with a peak premium of ₹31, representing a potential gain of 89.26%. The IPO is gaining traction, with real-time updates suggesting that the issue was subscribed 1976.14 times on the final day. This high subscription rate indicates robust demand and investor interest.
Anchor Investors and Fund Utilization NACDAC Infrastructure raised ₹2.73 Crores from anchor investors, who have committed to 7,80,000 equity shares at the upper price band of ₹35 per share. The company plans to utilize the funds raised for working capital and general corporate purposes, ensuring business growth and operational efficiency.
NACDAC Infrastructure IPO Review and Valuation The company’s revenue for FY 2024 shows a steady increase, reaching ₹1,376.22 Lakh for the period ending October 31, 2024. The EBITDA and Profit After Tax (PAT) figures reflect strong growth, indicating the company's ability to generate profits from its operations. The P/E ratio at the pre-issue stage is 8.45x, which is attractive compared to the industry’s P/E ratio of 28x.
The Return on Equity (RoE) for FY24 stands at a healthy 26.39%, signaling that the company is effectively utilizing its capital to generate profits. Given these metrics and the high demand for the shares, we recommend investors apply to the IPO for listing gains.
How to Check NACDAC Infrastructure IPO Allotment Status To check your allotment status for the NACDAC Infrastructure IPO, follow these simple steps:
- Visit the registrar’s website for the IPO allotment status.
- Choose NACDAC Infrastructure IPO from the list of available IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check the status.
This will help investors quickly track their allotment status and make timely investment decisions.
Investment Opportunity and IPO Application NACDAC Infrastructure IPO offers a promising opportunity for investors looking to enter the infrastructure sector. With a strong Grey Market Premium and high subscription numbers, the IPO is expected to perform well upon listing.