Mon Dec 16 20:28:24 UTC 2024: ## NACDAC Infrastructure Launches IPO, Seeking INR 9.44-10.01 Crore

**New Delhi, [Date of Publication]** – NACDAC Infrastructure Limited, a core construction company with a proven track record in government projects, is launching its Initial Public Offering (IPO). The company, specializing in multi-story buildings, electrical installations, steel structures, and bridges, is offering shares at INR 33-35 per share, with a minimum lot size of 4,000 shares. The IPO aims to raise between INR 9.44 and 10.01 crore.

NACDAC Infrastructure boasts a portfolio of 63 completed projects valued at approximately INR 96.75 crore, primarily for the Government of India and the Government of Uttarakhand. Currently, the company is also subcontracted by Larsen & Toubro for a portion of the Delhi Airport project, valued at INR 9.19 crore. As of October 31st, 2024, the company employed 29 personnel.

The IPO is being managed by GYR Capital Advisors Private Limited and Maashitla Securities Private Limited. Investors can find allotment status on the Maashitla Securities website. While a grey market premium (GMP) of INR 30 per share is being reported, potential investors are advised to conduct their own due diligence and seek professional financial advice before investing. The information provided in this article is for informational purposes only and does not constitute investment advice.

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