IPO Details

Bidding Dates

17 Dec '24 - 19 Dec '24

Minimum Investment

₹1,40,000 / 1 Lot (4,000 Shares)

Price Range

₹33 - ₹35

Maximum Investment

₹1,40,000 / 1 Lot (4,000 Shares)

Retail Discount

Not Applicable

Issue Size

₹10.01 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

NACDAC Infrastructure IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 17, 2024

IPO Closing Date

Dec 19, 2024

Basis of Allotment

Dec 20, 2024

Initiation of Refunds

Dec 23, 2024

IPO Listing Date

Dec 24, 2024

NACDAC Infrastructure IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Dec 17, 2024

 2.42 73.69 80.58 57.25

Day 2Dec 18, 2024

 2.74 427.18 779 486.32

Day 3Dec 19, 2024

 2.74 427.18 779 486.32

About NACDAC Infrastructure IPO

NACDAC Infrastructure IPO is a book-built issue aimed at raising ₹10.01 crore through a fresh issue of 28.6 lakh equity shares. NACDAC Infrastructure IPO opens for subscription on December 17, 2024, and closes on December 19, 2024, with the allotment expected to be finalised on December 20, 2024. The company's shares will be listed on the BSE SME platform, with the tentative listing date set for December 24, 2024.

NACDAC Infrastructure IPO has a price band of ₹33 to ₹35 per share. Retail investors can participate with a minimum lot size of 4,000 shares, requiring an investment of ₹140,000. For HNIs, the minimum investment is two lots (8,000 shares,) amounting to ₹280,000. GYR Capital Advisors Private Limited is the book-running lead manager for the issue, while Maashitla Securities Private Limited serves as the registrar.

Industry Outlook

  1. India's capital investment in infrastructure is set to reach ₹10 lakh crore (US$ 122 billion) in 2023-24, aiming for 3.3% of GDP, with significant growth in the transportation sector, including a historic high railway outlay of ₹2.40 lakh crore (US$ 29 billion).
  2. The Indian Logistics Market, valued at US$ 435.43 billion in 2023, is projected to grow to US$ 50.52 billion by 2028, with an annual growth rate of 8.36%.

NACDAC Infrastructure IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Working Capital
  2. General Corporate Purposes.

About NACDAC Infrastructure Limited 

NACDAC Infrastructure IPO is a book-built issue aimed at raising ₹10.01 crore through the fresh issue of 28.6 lakh equity shares. The IPO opened for subscription on December 17, 2024, and closes on December 19, 2024, with the allotment expected to be finalised on December 20, 2024. The company’s shares will be listed on the BSE SME platform, with the tentative listing date set for December 24, 2024.

The IPO offers shares across several investor categories, with the largest share allocation going to retail investors, who are offered 9,40,000 shares, amounting to 32.87% of the total shares. Anchor investors are offered 7,80,000 shares (27.27%), followed by QIBs with 5,20,000 shares (18.18%), HNIs (Non-Institutional Investors) with 4,00,000 shares (13.99%), and the market maker segment, which has been allocated 2,20,000 shares (7.69%). In total, 28,60,000 shares will be offered in this IPO.

The price band for the IPO has been set between ₹33 and ₹35 per share. Retail investors can participate in the IPO with a minimum lot size of 4,000 shares, which requires an investment of ₹140,000. For HNIs, the minimum investment is two lots (8,000 shares), amounting to ₹280,000. 

As of Day 1 of the subscription (December 17, 2024), the subscription details indicate that the IPO has received significant interest, with the QIB category subscribed 2.42 times, the NII (HNI) category subscribed 73.69 times, and the retail category subscribed 80.58 times, resulting in a total subscription of 57.25 times.

GYR Capital Advisors Private Limited is the book-running lead manager for the issue, while Maashitla Securities Private Limited is the registrar.

How To Check the Allotment Status of the NACDAC Infrastructure IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for NACDAC Infrastructure IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the NACDAC Infrastructure IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of NACDAC Infrastructure IPO 

Registered office: KF-120 Kavi Nagar, Ghaziabad, Uttar Pradesh, India, 201002

Phone: 0120-4242881/ +91 9319912243

E-mail: investorsupport@nacdacinfrastructure.com

NACDAC Infrastructure IPO Reservation

Investor Category

Shares Offered

Anchor Investor Shares Offered

7,80,000 (27.27%)

Market Maker Shares Offered

2,20,000 (7.69%)

QIB Shares Offered

5,20,000 (18.18%)

NII (HNI) Shares Offered

4,00,000 (13.99%)

Retail Shares Offered

9,40,000 (32.87%)

Total Shares Offered

28,60,000 (100%)

NACDAC Infrastructure IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

4,000

₹1,40,000

Retail (Max)

1

4,000

₹1,40,000

HNI (Min)

2

8,000

₹2,80,000

NACDAC Infrastructure IPO Promoter Holding

The promoters of the company are Mr Hemant Sharma, Ms Uma Sharma and Mr Ashish Saxena.

Share Holding Pre-Issue

95.9%

Share Holding Post Issue

-

Key Performance Indicators for NACDAC Infrastructure IPO

As of March 31, 2024, the market capitalisation of NACDAC Infrastructure stands at ₹36.84 crore. Here are the KPIs of NACDAC Infrastructure as of March 31, 2024.

KPI

Values

ROE (%)

0.11

ROCE (%)

15.72%

Debt/Equity (x)

0.02

RoNW (%)

9.65%

P/BV (x)

1.87

PAT Margin (%)

4.79

 

 

Pre-IPO

Post-IPO

EPS (₹)

0.73

2.45

P/E (x)

47.78

14.28

Note:

  • The pre-IPO EPS is derived using the pre-issue shareholding as of the date specified in the Red Herring Prospectus (RHP) and the most recent fiscal year's earnings ending 31st March 2023, as disclosed in the RHP.
  • The post-IPO EPS is calculated based on the post-issue shareholding structure and the annualised earnings for the fiscal year ending January 31, 2024, as outlined in the RHP.

NACDAC Infrastructure IPO Prospectus

NACDAC Infrastructure IPO Registrar and Lead Managers

NACDAC Infrastructure IPO Lead Managers

GYR Capital Advisors Private Limited

Registrar for NACDAC Infrastructure IPO

Maashitla Securities Private Limited

  • Contact Number: +91-11-45121795-96
  • Email Address: ipo@maashitla.com

Website: NACDAC Infrastructure IPO Registrar

Financial Performance of NACDAC Infrastructure Limited

Particulars As of January 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operation (in ₹ lakh) 2,480.52 1,172.19 1,030.73 658.72
Profit After Tax (PAT) (in ₹ lakh) 214.95 56.15 31.55 8.19
Total Borrowings (in ₹ lakh) 573.93 9.49 189.92 238.30
Net Worth (in ₹ lakh) 1005.63 582.03 485.60 304.06
Return on Capital Employed (%) 20.48% 15.72% 8.81% 5.59%
Return on Equity (x) 0.27 0.11 0.08 0.05
Debt/ Equity (x) 0.57 0.02 0.39 0.78
Earning Per Share (EPS)-in absolute ₹ 2.17 0.66 0.45 0.97

Know before investing

Strengths

12

  1. Proven execution of 45 projects totalling ₹9,300 lakh successfully.

  2. Expertise in civil works across challenging terrains like Uttarakhand.

  3. Promoters with over 10 years of proven construction expertise.

  4. A strong management team ensures consistent, efficient project execution.

  5. Wide range of services, including high-tension electrical works.

  6. Expertise in multi-storey buildings and pre-fabricated steel structures.

  7. Repeat work orders showcasing long-term client trust and relationships.

  8. Partnerships with key government departments for consistent project flow.

  9. Active collaborations with industry leaders like Larsen & Toubro.

  10. Strategic focus on expanding geographical footprint domestically and internationally.

  11. In-house project execution capabilities reduce operational dependency risks.

  12. Continuous investments in modern machinery enhance cost efficiency and margins.

Risks

12

  1. Revenue is highly concentrated in Uttarakhand, Uttar Pradesh, and Delhi (97%).

  2. Dependent on government contracts, exposure to policy and delay risks.

  3. A competitive bidding process may reduce profitability and growth potential.

  4. Errors in regulatory filings may lead to compliance and reputational issues.

  5. Reliance on subcontractors increases the risks of delays and inefficiencies.

  6. A complex tendering process exposes inaccuracies in cost projections and margins.

  7. Working capital-intensive business with ₹508.56 lakh borrowings as of 2024.

  8. Limited experience as a director in managing a publicly listed company.

  9. Negative cash flows in previous years affecting operational scalability plans.

  10. Outdated machinery risks inefficiencies and increased replacement or maintenance costs.

  11. Pending legal proceedings involving ₹36.51 lakh may affect financial health.

  12. Obsolescence or breakdown of equipment could delay projects significantly.

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NACDAC Infrastructure Limited Peer Details Comparison

Company Name EPS (Basic) NAV (per share) (₹) P/E (x) RoNW (%)
NACDAC Infrastructure Limited 4 18.72 - 21.37
K2 Infragen Limited 18.02 62.04 9.49 81
Suraj Estate Developers Limited 10.1 225.24 38.88 45
SRM Contractors Limited 90.82 37.72 2.2 30

NACDAC Infrastructure IPO FAQs

What is the NACDAC Infrastructure IPO?

NACDAC Infrastructure IPO is a book-built issue IPO. It will be open from December 17, 2024, to December 19, 2024. When

will the NACDAC Infrastructure IPO be allotted?

The Basis of Allotment will happen on Friday, December 20, 2024.

When will the NACDAC Infrastructure IPO open for subscription?

The IPO subscription window will open on December 17, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 4,000 shares.

When will NACDAC Infrastructure Limited list on exchanges?

The listing date for NACDAC Infrastructure Limited is Tuesday, December 17, 2024.

What is the issue size of the NACDAC Infrastructure IPO?

The issue size of the NACDAC Infrastructure IPO is up to ₹10.01 crore, with a fresh issue of ₹10.01 crore.

What are the open and close dates of the NACDAC Infrastructure IPO?

The open and close dates for the NACDAC Infrastructure IPO are December 17, 2024, and December 19, 2024.

What would be the listing gains on the NACDAC Infrastructure IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange.

How can you increase your chances of getting an NACDAC Infrastructure IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.

2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.

3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the NACDAC Infrastructure IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of NACDAC Infrastructure Limited using one PAN?

You can submit only one application using your PAN card.

How to read NACDAC Infrastructure Limited's financial statements?

To read NACDAC Infrastructure’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for NACDAC Infrastructure IPO?

Pre-apply allows investors to apply for the NACDAC Infrastructure IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the NACDAC Infrastructure IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my NACDAC Infrastructure IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of the NACDAC Infrastructure IPO?

Maashitla Securities Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the NACDAC Infrastructure IPO getting listed?

NACDAC Infrastructure Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).