Mon Dec 16 19:29:01 UTC 2024: ## NACDAC Infrastructure to Launch IPO Seeking Rs 10 Crore

**Mumbai, India – November [Date of Release]** – NACDAC Infrastructure, a Class A and ISO-certified civil and structural construction company, is set to launch its Initial Public Offering (IPO) on the BSE SME platform from December 17th to 19th. The company aims to raise Rs 10.01 crore through the sale of 28.6 lakh shares, priced between Rs 33 and Rs 35 per share.

Retail investors can bid for a minimum of 4000 shares (Rs 1,40,000), while high-net-worth individuals (HNIs) must invest a minimum of Rs 2,80,000 (two lots). The IPO allocation is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). The allotment is expected on December 20th, with refunds beginning December 23rd, and listing scheduled for December 24th.

The proceeds from the IPO will be used for working capital and general corporate purposes. NACDAC Infrastructure has reported significant growth, with a 209.49% revenue surge and a 904.44% increase in profit after tax (PAT) between fiscal years 2023 and 2024. The company’s portfolio includes multi-story buildings, steel structures, electrical projects, and bridge construction.

Ahead of the IPO, grey market trading indicates a potential listing price of Rs 56, suggesting a possible 60% gain for investors. However, investment in IPOs involves inherent risk, and potential investors are advised to conduct thorough due diligence before participating. This news should not be construed as financial advice.

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