NACDAC Infrastructure IPO opened for subscription on December 17, 2024, and closed on December 19, 2024.
It was a book-built issue of ₹10.01 crore. The issue was entirely a fresh issue of 28.60 lakh shares. NACDAC Infrastructure IPO price band was set at ₹33 to ₹35 per share.
On Day 3 of subscription, December 19, as of 6:19 PM, NACDAC Infrastructure IPO was subscribed 2,209.76 times. QIBs subscribed 236.39x, NIIs subscribed 4,084.46x, and retail investors subscribed 2,503.66x.
The share allotment was finalised on December 23, 2024, and the shares were listed on BSE SME on December 24, 2024.
On the listing day, on the BSE, NACDAC Infrastructure share price opened at ₹66.50, up from its issue price of ₹35.00. At 11:28 AM, the share price was trading at ₹69.82, up by 4.99% from its opening price of ₹66.50 and 99.49% up from its issue price of ₹35.00. As of the same time, the stock touched its day’s high at ₹69.82. The company’s market cap was ₹73.49 crore.
NACDAC Infrastructure is primarily a core construction company, specialising in a comprehensive range of civil and structural services. Its core offerings include the construction of multi-story buildings, electrical works (both low tension and high tension), steel structure works, as well as bridges (including FOBs and ROBs), along with all associated civil and structural works.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 24, 2024, 1:25 PM IST
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