NACDAC Infrastructure made a spectacular debut: its shares were listed on the BSE SME platform at a premium of 90 per cent, on Tuesday, December 24.
At the issuance price of Rs 35 per share, the company’s shares began trading at Rs 66.5 each. The stock surged 5 per cent to reach the upper circuit limit at Rs 69.82 per share after listing at a premium. The money of the IPO investors has almost doubled as the stock has made it to the upper circuit following a successful debut.
Listing gains for investors
The total value of a single lot of NACDAC Infrastructure shares that an investor purchased in the allocation at the listing price of Rs 66.50 per share was Rs 2,66,000. Therefore, compared to the minimum investment of Rs 1,40,000 per lot (Rs 31.5 x 4000), investors who were given at least one lot of shares would have made gains of Rs 1,26,000.
Subcription across all categories
Investor demand for the NACDAC Infra IPO was strong, as evidenced by the issue’s final 1,976-fold oversubscription. Against the issue size of Rs 10.01 crore, demand for shares totaling Rs 14,385.53 crore was generated.
According to exchange data, out of the 20.8 lakh shares up for bid, over 411 crore shares were applied for in the public offering.
The number of subscriptions for the Non-Institutional Investors (NIIs) quota was 2,635.43. Out of the 6.2 lakh shares available to them, NIIs applied for over 163.39 crore shares.
2,503 subscriptions were made for the quota of retail individual investors. Of the 9.4 lakh shares available, retail investors bid for 235.34 crore shares.
5.2 lakh shares were reserved for the Qualified Institutional Buyers (QIBs), but they bid on 12.29 crore shares. There were 236.39 bookings for the QIBs portion.
Company’s financials
During the April–October period of FY25, NACDAC Infra reported generating Rs 13.76 crore in revenue. For the seven months, its profit after taxes (PAT) was 1.6 crore.
In 2023–2024, the company’s revenue was Rs 36.33 crore, compared to Rs 11.73 crore in 2022–2023. FY24’s profit after tax (PAT) was Rs 3.17 crore, compared to FY23’s Rs 56.15 lakh.
