NACDAC Infrastructure Ltd. was incorporated on June 19, 2012. The company specializes in core construction services, offering a comprehensive range of civil and structural solutions, including multi-story building construction, electrical works (Low and High-Tension), steel structures, and bridges such as FOBs and ROBs, along with related civil and structural tasks
| Bidding Dates |
|---|
| 17 Dec 2024 - 19 Dec 2024 |
| Subscription |
|---|
| 1976.13x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 4000 | 2.9 M | ₹33 - ₹35 | 69.84 % | ₹94.4 M - ₹100.1 M | RHP DOC |
NACDAC Infrastructure Ltd. IPO SUBSCRIPTION STATUS
19 Dec '24NACDAC Infrastructure Ltd. IPO overall subscription rate was 1976.13 times the total available shares
NACDAC Infrastructure Ltd. IPO retail subscription rate was 3232.77 times in the retail segment
NACDAC Infrastructure Ltd. IPO non-institutional investor subscription rate was 5237.06 times in the non-institutional investor category
NACDAC Infrastructure Ltd. IPO Qualified Institutional Bidder subscription rate was 118.2 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Dec 2024 (Day 3) | 3232.77x | 5237.06x | 118.2x |
18 Dec 2024 (Day 2) | 1005.85x | 548.37x | 1.37x |
17 Dec 2024 (Day 1) | 104.05x | 94.47x | 1.21x |
NACDAC Infrastructure Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY25 | 16.0 | 137.2 | 14.7 | 4.9 | 20.4% |
| FY24 | 31.7 | 363.0 | -76.2 | -83.4 | 13.8% |
| FY23 | 5.6 | 117.2 | 16.4 | 16.3 | 9.0% |
| FY22 | 3.2 | 103.1 | -14.1 | -14.7 | 7.1% |
NACDAC Infrastructure Ltd. IPO SUBSCRIPTION STATUS DETAILS
NACDAC Infrastructure Ltd. had 2.9 M shares on offer
NACDAC Infrastructure Ltd. IPO offer price was in the range ₹33 - ₹35
NACDAC Infrastructure Ltd. IPO minimum Investment was ₹132000
NACDAC Infrastructure Ltd. IPO issue size was ₹ 94.4 M - ₹ 100.1 M
NACDAC Infrastructure Ltd. had a minimum lot size of 4000 Shares per application
NACDAC Infrastructure Ltd. NUMBER OF SHARES ON OFFER
NACDAC Infrastructure Ltd. IPO IMPORTANT DATES
| Issue Open Date | 17 Dec 2024 |
| Issue close Date | 19 Dec 2024 |
| Allotment Date | 20 Dec 2024 |
| Refund Date | 23 Dec 2024 |
| Demat Account Credit Date | 23 Dec 2024 |
| Listing Date | 24 Dec 2024 |
| Listing on Exchange(s) | BSE |
| NACDAC Infrastructure Ltd. Allotment Status | Exchange |
NACDAC Infrastructure Ltd. IPO subscription opened on 17 Dec 2024, and closed on 19 Dec 2024
IPO allotment for NACDAC Infrastructure Ltd. was finalized on Friday, 20 Dec 2024
IPO listing for NACDAC Infrastructure Ltd. was on BSE on Tuesday, 24 Dec 2024
NACDAC Infrastructure Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 35.0 |
| Listing Open Price | 66.5 |
| Listing Close Price | 69.8 |
| Listing Gain% | 90.0% |
| Current Gain% | -26.0% |
NACDAC Infrastructure Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NACDAC Infrastructure Ltd. | 25.9 | 27.2 | 6.2 | 0.9 | 0.4 | 15.4 | 8.6 | 64.6 | 32.6 | 4.4 | 6.9 | 4.2 | 6.9 |
| Larsen & Toubro Ltd. | 4037.4 | 568026.8 | 34.2 | 7.5 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 105.1 | 110985.4 | 632.4 | 4.4 | 7.5 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 230 | 47955.5 | 53.3 | -2.2 | 2.3 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| NBCC (India) Ltd. | 93.8 | 25326 | 34.1 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.8 | 30.6 |
| Kalpataru Projects International Ltd. | 1347.7 | 23015 | 20.3 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
NACDAC Infrastructure Ltd. INFORMATION ON IPO ISSUE
About NACDAC Infrastructure Ltd.
NACDAC Infrastructure Ltd. was incorporated on June 19, 2012. The company specializes in core construction services, offering a comprehensive range of civil and structural solutions, including multi-story building construction, electrical works (Low and High-Tension), steel structures, and bridges such as FOBs and ROBs, along with related civil and structural tasks
Object of the Issue
- Working capital requirements
- General corporate purposes
NACDAC Infrastructure Ltd. - PROMOTERS
| Name |
|---|
| Hemant Sharma |
| Ashish Saxena |
| Uma Sharma |
NACDAC Infrastructure Ltd. Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
NACDAC Infrastructure Ltd. Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
NACDAC Infrastructure Ltd. Strengths
Efficient execution of civil projects
The company has a proven track record of executing projects in challenging terrains of Uttarakhand and Himachal Pradesh, completing 63 projects with a total value of Rs 9,674.9 lakh as of October 31, 2024
Wide range of services
The company provides a wide range of construction and structural services, including multi-story buildings, steel structure works, bridges (FOBs and ROBs), electrical works (Low-Tension and High-Tension), housekeeping, and manpower supply, showcasing its expertise across diverse infrastructure projects
Work order book
The company attributes the consistent growth in its order book to its specialized service portfolio and successful project bidding, supported by extensive experience in executing construction and infrastructure projects
NACDAC Infrastructure Ltd. Risks
Geographically concentrated
The company's operations are primarily concentrated in Uttarakhand, Uttar Pradesh, and Delhi, exposing it to risks from economic, regulatory, and other changes in these regions
Competitive bidding process
Infrastructure projects are awarded based on meeting specific pre-qualification criteria and a competitive bidding process. Failure to secure new projects or premature termination of awarded contracts could adversely affect the company's business and financial condition
Approvals and licenses
The company's operations depend on obtaining and renewing necessary approvals and licenses. Failure to secure or renew these registrations could negatively impact its operations, financial performance, and overall condition
IPO FAQs
The promoters of the company are Hemant Sharma, Ashish Saxena and Uma Sharma.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 33.0 - 35.0.
The IPO application opens on Dec 17, 2024 and closes on Dec 19, 2024.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Dec 20, 2024.
The refund will be credited to your account on Dec 23, 2024.
The allotted shares will be credited to your demat on Dec 23, 2024.
NACDAC Infrastructure Ltd.’s shares listed on the stock exchanges on Dec 24, 2024.