Rs 14,000-crore bids for Rs 10 crore IPO: 10 things to know about this Ghaziabad SME's public issue

Nacdac Infrastructure IPO GMP today price is indicating a full 90 percent listing gains on December 24.

Nacdac Infrastructure IPO allotment is due today following a record subscription of nearly 2,000 times to Rs 10.01 crore SME issue which has grabbed many eyeballs.

Ghaziabad-based company approached the primary market to raise Rs 10.01 crore through IPO of 28.6 lakh shares at the upper price band.

1) Nacdac Infra concluded the maiden share sale with a bumper public subscription of 1,976.14 times, according to the data available with the exchange.

2) Nacdac Infra IPO which opened on December 17, and concluded on December 19 had a price band of Rs 33 - 35 per share with a lot size of 4,000 shares.

3) The Rs 7.28-crore issue attracted over Rs 14,000 crore in bids from Rs 6,41,048 number of applications. About Rs 2,73,00,000 were allocated to the anchors.

4) The portion for non-institutional investors attracted 2,635.49x subscription while the share of Retail Individual Investors (RIIs) got subscribed 2,503.667 times. The QIB portion was subscribed 236.39 times.

5) Investors subscribed for a whopping 411.03 crore equity shares as against the offer size of 20.80 lakh shares.

6) Nacdac Infra IPO shares will be listed on the BSE on December 24, while the allotment of shares is expected to be announced today.

7) Nacdac Infra IPO objective: The firm will utilise issue proceeds for its working capital, and general corporate purposes.

8) Nacdac Infra IPO GMP Today Price: According to market observers tracking the grey market activities, the shares of Nacdac Infra may list at a premium of 90 percent. Investorgain quoted a GMP of Rs 50 over the IPO price in the unofficial market, indicating a bumper listing.

9) Nacdac Infrastructure is a Ghaziabad-based construction company. The diversified construction services offered by Nacdac Infrastructure Limited includes end-to-end solutions for a broad spectrum of construction and infrastructure development projects.

10)This was the highest ever subscription numbers by IPO in the SME segment. Hamps Bio, Toss The Coin, HOAC Foods India, Kay Cee Energy & Infra were the other IPOs recording more than 1,000 times subscription.

In the ongoing financial year up to October 15, 2024, a total of 159 small and medium enterprises (SMEs) have collectively raised over Rs 5,700 crore through initial public offerings (IPOs). Notably, FY24 saw a record year for SME public issues, with 196 companies successfully mobilising more than Rs 6,000 crore from the market.