NACDAC Infrastructure IPO - Day 3 Subscription at 679.45 Times

The conclusion of NACDAC Infrastructure IPO has revealed an extraordinary story of investor enthusiasm, with the overall subscription reaching a remarkable 679.45 times by 10:54 AM on December 19, 2024. This exceptional response demonstrates overwhelming market confidence in the company's construction and infrastructure development capabilities, particularly notable for an SME listing.

NACDAC Infrastructure IPO subscription pattern reveals unprecedented retail investor conviction, with this segment achieving an extraordinary 1,076.89 times subscription. This phenomenal retail participation suggests strong faith in the company's proven track record in civil construction and infrastructure projects. The Non-Institutional Investors have shown substantial confidence with 625.1 times subscription, indicating significant interest from wealthy investors in the company's growth trajectory. Meanwhile, the Qualified Institutional Buyers have participated at 2.8 times, providing institutional validation to the issue.

Subscription Status of NACDAC Infrastructure IPO:

*As of 10:54 AM

Here are the subscription details for NACDAC Infrastructure IPO as of Day 3 (19th December 2024, 10:54 AM):
 

Key Highlights:

• Overall subscription soared to an exceptional 679.45 times, reflecting extraordinary investor confidence
• Retail investors led with massive 1,076.89 times subscription, worth ₹3,542.98 crores
• NII category demonstrated remarkable interest at 625.1 times, worth ₹875.14 crores
• QIB portion concluded at 2.8 times, showing measured institutional participation
• Total bids received for 126.37 crore shares worth ₹4,423.22 crores
• Applications reached 2,69,496, indicating widespread investor interest
• Final day response reflected unprecedented market enthusiasm
• Subscription levels suggested strong belief in infrastructure sector growth

NACDAC Infrastructure IPO - Day 2 Subscription at 486.32 Times

Key Highlights:

• Overall subscription reached impressive 486.32 times, showing strong momentum
• Retail investors demonstrated growing confidence with 779 times subscription
• NII category showed substantial improvement at 427.18 times
• QIB portion improved to 2.74 times
• Day two response indicated building market enthusiasm
• Strong momentum across all investor categories
• Subscription trend suggested robust investor appetite
• Pattern indicated growing market confidence

NACDAC Infrastructure IPO - Day 1 Subscription at 57.25 Times

Key Highlights:

• Overall subscription opened strong at 57.25 times
• Retail investors showed early confidence with 80.58 times subscription
• NII category demonstrated good start with 73.69 times
• QIB portion began well at 2.42 times
• Opening day response reflected positive market sentiment
• Strong initial participation indicated brand recognition
• First-day momentum suggested promising investor interest
• Early subscription levels indicated market confidence

About NACDAC Infrastructure Limited:

Incorporated in 2012, NACDAC Infrastructure Limited has established itself as a specialized construction company focusing on multi-story buildings and infrastructure projects. As a Class A contractor registered with Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam, the company has built a strong reputation in civil and structural construction.

The company's comprehensive portfolio includes various infrastructure projects, from multi-story buildings to bridges (FOBs and ROBs), demonstrating their versatility in construction capabilities. With 45 completed projects and experience working with both government agencies and private companies, NACDAC has demonstrated strong execution capabilities. Their team of 27 employees as of March 2024 has contributed to impressive financial performance, achieving 209.49% revenue growth and 464.38% PAT increase between FY2023 and FY2024.

Highlights of the NACDAC Infrastructure IPO:

• IPO type: Book Built Issue
• IPO size: ₹10.01 crores
• Fresh Issue: 28.60 lakh shares
• Face value: ₹10 per share
• Price band: ₹33 to ₹35 per share
• Lot size: 4,000 shares
• Minimum investment for retail investors: ₹1,40,000
• Minimum investment for HNI: ₹2,80,000 (2 lots)
• Listing at: BSE SME
• IPO opens: December 17, 2024
• IPO closes: December 19, 2024
• Allotment date: December 20, 2024
• Refund initiation: December 23, 2024
• Credit of shares: December 23, 2024
• Listing date: December 24, 2024
• Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Maashitla Securities Private Limited
• Market Maker: Giriraj Stock Broking Private Limited

The extraordinary subscription levels across all three days indicate robust market confidence in NACDAC Infrastructure's execution capabilities and growth prospects in India's expanding infrastructure sector.