NACDAC Infrastructure IPO opens Dec 17: Check price band, lot size, key dates and more

NACDAC Infrastructure IPO will open for public subscription on Tuesday, December 17. The issue, which has set a price band of ₹33-₹35 per share, will conclude on Thursday, December 19.

The ₹10.01 crore initial share sale is exclusively a fresh issuance of 28.6 lakh shares. There is no offer-for-sale component.

The funds raised will be allocated towards objectives such as fulfilling working capital requirements and serving general corporate purposes.

NACDAC Infrastructure IPO: Lot size

The minimum application size for the BSE SME IPO is 4000 shares, requiring an investment of ₹140,000. For high net-worth individuals, the minimum investment is ₹280,000 or two lots.

The company has reserved 50% of the offer for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Hemant Sharma, Uma Sharma and Ashish Saxena are the company's promoters, presently holding a 95.9% stake. Post-issue, their shareholding will be reduced to 67.13%.

NACDAC Infrastructure IPO: Allotment and listing date

The issue's lead book-running manager is GYR Capital Advisors, while Maashitla Securities is the registrar.

About the company

NACDAC Infrastructure is a construction company specialising in various civil and structural services.

The core focus is on constructing multi-story buildings, steel structure works, electrical works (Low-tension and high-tension), and bridges.

It is a Class A and ISO-certified contractor registered with Uttarakhand Peyjal Sansadhan Vikas Evam Nirman Nigam (UPSVENN).

NACDAC has established a strong reputation by completing numerous projects for government agencies and private businesses, particularly in Uttarakhand. The company has a track record of more than 63 completed projects.