The basis of allotment for NACDAC Infrastructure’s initial public offering (IPO) is expected to be finalized on Friday, December 20. Investors who participated in the offering can expect to receive notifications regarding fund debits or mandate revocations by the weekend, or by Monday, December 23, at the latest. The finalization of the allotment is an important step in the IPO process as it determines which investors will receive shares in the company and how many shares they will be allotted.
NACDAC Infrastructure, a construction company based in Ghaziabad, launched its IPO from December 17 to December 19. The IPO offered shares in the price range of Rs 33 to Rs 35 per share, with a lot size of 4,000 shares. The total size of the IPO was Rs 10.01 crore, and it involved the issuance of 28.60 lakh fresh equity shares.
The IPO attracted significant investor interest, as evidenced by the company’s grey market premium, which surged to Rs 50. This indicates potential listing gains of 143% for those who were able to secure shares. When the issue first opened, the grey market premium stood at Rs 40, but it quickly climbed due to the strong demand for shares in the offering. The grey market premium is often an indicator of how the stock might perform once it begins trading on the exchange, and this surge in premium is a positive sign for the company and its investors.
NACDAC Infrastructure was incorporated in 2012 and specializes in the construction of multi-story buildings, including residential, commercial, and institutional structures. The company has a strong reputation and is registered as a Class A contractor with the Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam. Furthermore, it holds ISO certification, which further bolsters its credibility in the industry. The company’s diverse portfolio of projects and its industry certifications indicate that it has the experience and the resources to take on significant construction projects.
Investors who are interested in checking the allotment status for the IPO can do so through the BSE India website or through the Maashitla Securities portal. On the BSE website, investors can enter their application number and PAN ID to check whether they have been allotted shares in the offering. Similarly, on the Maashitla Securities portal, investors can enter their application number, Demat ID, or PAN ID to view their allotment status once it is finalized.
The shares of NACDAC Infrastructure are set to list on the BSE SME platform on December 24, 2024. This is an important milestone for the company as it will officially mark its entry into the public capital markets, providing it with the opportunity to further expand its business and take on more construction projects. The listing will also provide liquidity to investors who have participated in the IPO and wish to trade their shares on the stock exchange.
