NACDAC Infrastructure IPO allotment: Here’s how to check status on BSE, Maashitla Securities

NACDAC Infrastructure Ltd is expected to announce the share allotment status on Friday, December 20, following its bumper subscription.

The construction and infrastructure development services provider's initial public offering was open for bidding from December 17 to December 19.

NACDAC Infrastructure IPO has drawn significant attention as it became one of the highest-subscribed issues in the SME segment. The issue was booked over 2,200 times, generating bids for shares worth over ₹14,300 crore against the issue size of ₹10.01 crore.

According to exchange data, the BSE SME issue received applications for more than 411 crore shares compared to 18.6 lakh on offer. The IPO was subscribed to 2,209.87 times overall.

Among investor categories, the Non Institutional Investors’ portion was booked over 4,085 times as applications for more than 163.4 crore shares were received against 4 lakh shares reserved for them.

The retail individual investors’ portion was subscribed more than 2,500 times. The retail investors placed bids for over 235.34 crore shares compared to 9.4 lakh shares on offer to them.

The Qualified Institutional Buyers (QIBs) applied for more than 12.29 crore shares against the quota of 5.2 lakh shares. The QIBs quota was subscribed 236.39 times.

Steps to check NACDAC Infrastructure IPO allotment

IPO investors can easily check the share allotment status of the NACDAC Infrastructure Limited on the websites of the BSE and IPO registrar, Maashitla Securities Private Limited.

• Open the website of Maashitla Securities Private Limited (https://maashitla.com/)
• Click on Allotment Status and select public issues ( https://maashitla.com/allotment-status/public-issues)
• Select NACDAC Infrastructure Limited from dropdown list
• Enter either PAN/Application Number/Demat Account Number
• Submit to check the status

• Open BSE website (https://www.bseindia.com)
• Click on public issues
• Click on ‘Application Status’
• The investors can also directly visit the IPO allotment status page on the BSE website at https://www.bseindia.com/investors/appli_check.aspx
• Select equity from two options
• Choose NACDAC Infrastructure Limited from the list for issue names
• Enter PAN details or application number
• Submit to check the details

The company will also inform the successful bidders through SMS and emails. On Monday, December 23, it will initiate refunds and credit shares to the demat accounts. The company has proposed to list its shares on the BSE SME platform on December 24.

NACDAC Infra IPO key details

NACDAC Infrastructure Ltd is a construction company that specialises in the construction of residential, commercial, institutional and multi-story buildings. The company has completed as many as 45 projects so far. It takes contracts from government agencies and private companies. The company has completed several projects for the Indian government and the Uttarakhand government. It also undertakes sub-contracts for third-party construction and infrastructure projects.

• NACDAC Infrastructure Limited’s initial public offer consisted of a fresh issue of 28.60 lakh shares
• The IPO was open for bidding from December 17 to December 19
• IPO price band was ₹33 to ₹35 per share
• The minimum lot size was 4000 and the minimum investment required was ₹1,40,000

NACDAC Infrastructure IPO objects

The company has proposed to utilise the IPO proceeds to finance its working capital needs and for general corporate purposes. It plans to utilise the net proceeds to fund working capital requirements as well as general corporate purposes.

NACDAC Infra, which offers end-to-end solutions for construction and infrastructure development projects, had posted revenue of ₹13.76 crore for the April-October of 2024-25. Its PAT was ₹1.6 crore for the seven-month period ending October 31, 2024.

Its revenue was ₹36.33 crore in 2023-24 against ₹11.73 crore in 2022-23. The profit after tax (PAT) was ₹3.17 crore in FY24 as against ₹56.15 lakh in FY23.

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