It's a long shot, but investors can check NACDAC Infrastructure IPO allotment here

NACDAC Infrastructure has become one of the highest subscribed IPOs in the SME market history after receiving bids nearly 2,000 times higher than the shares on offer. The company was merely seeing Rs 10 crore through its public offer and planned to list its shares on the BSE SME platforms.

The bids received were for 411 crore shares worth over Rs 14,000 crore as against just 20 lakh shares on offer. Post the bumper response for the IPO, the company will finalise the share allotment later today.

Investors can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.


Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

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To check the status of NACDAC Infrastructure IPO allotment through the registrar, which is Maashitla Securities in this case, kindly follow the below steps.

Step 1: Visit the Maashitla Securities website (https://maashitla.com/allotment-status/public-issues)

Step 2: Select NACDAC Infrastructure IPO

Step 3: Enter the PAN details and click search to know the status

NACDAC Infrastructure IPO GMP

The listing of NACDAC Infrastructure is scheduled on December 24. The GMP is also robust at nearly 142% over the IPO price, but the price cap means that the stock may see a maximum debut gain of 90%.

Also Read: Laxmi India Finance files DRHP with Sebi for IPO

NACDAC Infrastructure is primarily a core-construction company specializing in a comprehensive range of civil and structural services.

Its core offerings encompass the construction of multi-story buildings, electrical works (both low tension and high-tension), steel structure works, as well as bridges (including FOBs and ROBs) and all associated civil and structural works.

With a strong focus on quality and efficiency, the company serves a diverse clientele spanning government agencies, and private corporations.

The company has an established track record of executing projects with more than a decade of experience in construction activities and has completed 63 projects worth Rs 96.74 crore so far.

For the period ended June 2024, the company clocked total revenues of Rs 13.71 crore and net profit of Rs 1.6 crore.