Nacdac Infrastructure Ltd
Nacdac Infrastructure Ltd, a prominent player in India’s construction sector, is set to launch its Initial Public Offering (IPO) on December 17, 2024. This SME IPO aims to raise approximately ₹10.01 crore, offering investors an opportunity to participate in the company’s growth trajectory.
Company Overview
Established in 2012, Nacdac Infrastructure Ltd specializes in a comprehensive range of civil and structural services. Their core offerings include the construction of multi-story buildings, electrical works (both low-tension and high-tension), steel structure works, and bridges, encompassing all associated civil and structural works. The company has a strong track record, having successfully completed numerous projects for various government departments, particularly in Uttarakhand.
IPO Details
- IPO Opening Date: December 17, 2024
- IPO Closing Date: December 19, 2024
- Issue Type: Book Built Issue SME IPO
- Issue Size: 28,60,000 equity shares, aggregating up to ₹10.01 crore
- Face Value: ₹10 per share
- Price Band: ₹33 to ₹35 per share
- Market Lot: 4,000 shares
- Listing At: BSE SME
IPO Timeline
- Anchor Investor Bidding Date: December 16, 2024
- Basis of Allotment Finalization: December 20, 2024
- Initiation of Refunds: December 23, 2024
- Credit of Shares to Demat Accounts: December 23, 2024
- Listing Date: December 24, 2024
Financial Highlights
As of January 31, 2024, Nacdac Infrastructure Ltd reported:
- Total Assets: ₹2,243.22 lakh
- Revenue: ₹2,483.67 lakh
- Profit After Tax: ₹214.95 lakh
- Net Worth: ₹1,005.63 lakh
These figures indicate a robust financial position, showcasing the company’s growth and profitability over the years.
Objectives of the IPO
The proceeds from the IPO are intended to:
- Fund Working Capital Requirements: To support the company’s expanding operations and project execution capabilities.
- General Corporate Purposes: To strengthen the company’s overall financial health and operational efficiency.
Subscription Details
Investors can subscribe to the IPO by placing bids for a minimum of one lot, comprising 4,000 shares, amounting to ₹1,32,000 at the upper price band. The allocation is as follows:
- Qualified Institutional Buyers (QIB): Not more than 50% of the net offer
- Non-Institutional Investors (NII): Not less than 15% of the net offer
- Retail Individual Investors (RII): Not less than 35% of the net offer
How to Apply
Interested investors can apply for the Nacdac Infrastructure Ltd IPO through ASBA (Application Supported by Blocked Amount) via their bank accounts or through online IPO applications provided by stockbrokers. Ensure that your demat account is active and KYC details are up to date before applying.
Risk Factors
Potential investors should consider the following risks:
- Project Execution Risks: Delays or cost overruns in project completion could impact profitability.
- Dependence on Government Contracts: A significant portion of revenue is derived from government projects, which may be subject to political and administrative changes.
- Competitive Industry: The construction sector is highly competitive, with numerous players vying for similar projects.
Conclusion
The Nacdac Infrastructure Ltd IPO presents an opportunity to invest in a growing company within the infrastructure sector. Potential investors should carefully assess the company’s financial health, growth prospects, and associated risks before making an investment decision.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors are advised to consult with their financial advisors before making investment decisions.