NACDAC Infrastructure is set for its BSE SME debut today, and market buzz suggests a strong listing with a 142.46% premium based on the Grey Market Premium (GMP). The IPO, which had an issue price of ₹35 per share, is expected to list at around ₹85 per share, factoring in an estimated GMP of ₹50.
IPO Subscription Overview
The IPO, open between December 17 and December 19, aimed to raise ₹10.01 crore through the fresh issue of 28.6 lakh shares. However, the response was overwhelming, with the issue being subscribed 2,209.74 times, generating total bids worth ₹14,385.53 crore.
- Qualified Institutional Buyers (QIBs): Subscribed 236.39 times.
- Non-Institutional Investors (NIIs): Subscribed a massive 4,084.46 times.
- Retail Individual Investors (RIIs): Subscribed 2,503.66 times.
Lead Managers and Registrar
The IPO process was managed by GYR Capital Advisors Private as the book-running lead manager, while Maashitla Securities handled allotment and investor services as the registrar. Additionally, Giriraj Stock Broking served as the market maker for the issue.
Grey Market Premium (GMP) Performance
With a GMP of ₹50, representing a premium of 142.46%, the IPO has garnered significant attention in the unlisted market. While the GMP suggests strong investor sentiment and potential gains, it’s important to note that GMP is not an official indicator and may not fully predict the actual listing price or the stock’s future performance.
Key Highlights of NACDAC Infrastructure IPO
- Price Band: ₹31 to ₹35 per share.
- Issue Size: ₹10.01 crore.
- Subscription Rate: 2,209.74 times.
- Expected Listing Price: ₹85 per share, as per GMP estimates.
With the IPO heavily oversubscribed and a robust GMP, NACDAC Infrastructure’s listing today is highly anticipated by investors looking to capitalize on its debut performance.
