NACDAC Infrastructure Limited IPO (NACDAC Infrastructure IPO) Detail
The NACDAC Infrastructure IPO is a book-built offering with a total issue size of ₹10.01 crores, comprising a fresh issuance of 28.6 lakh equity shares.
The IPO subscription period is scheduled from December 17, 2024, to December 19, 2024. The basis of allotment is anticipated to be finalized on Friday, December 20, 2024. Shares are expected to be listed on the BSE SME platform on Tuesday, December 24, 2024.
The price band for the IPO is set between ₹33 and ₹35 per share. Investors can apply for a minimum lot of 4,000 shares, requiring an investment of ₹140,000 for retail participants. For High Net Worth Individuals (HNIs), the minimum investment size is two lots (8,000 shares), amounting to ₹280,000.
GYR Capital Advisors Private Limited is serving as the book-running lead manager for the IPO, with Maashitla Securities Private Limited as the registrar. Giriraj Stock Broking has been designated as the market maker for the issue.
NACDAC Infrastructure IPO Details
| IPO Date | December 17, 2024 to December 19, 2024 |
| Listing Date | Tuesday, December 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,860,000 shares (aggregating up to ₹10.01 Cr) |
| Fresh Issue | 2,860,000 shares (aggregating up to ₹10.01 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,665,136 |
| Share holding post issue | 10,525,136 |
| Market Maker portion | 220,000 shares |
NACDAC Infrastructure IPO Timeline (Tentative Schedule)
The NACDAC Infrastructure IPO is scheduled to open for subscription on December 17, 2024, and will close on December 19, 2024.
| IPO Open Date | Tuesday, December 17, 2024 |
| IPO Close Date | Thursday, December 19, 2024 |
| Basis of Allotment | Friday, December 20, 2024 |
| Initiation of Refunds | Monday, December 23, 2024 |
| Credit of Shares to Demat | Monday, December 23, 2024 |
| Listing Date | Tuesday, December 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 19, 2024 |
NACDAC Infrastructure IPO Lot Size
Investors are required to place bids for a minimum of 4,000 shares, with additional bids in multiples of this lot size. The table below outlines the minimum and maximum investment amounts for both retail investors and HNIs, along with the corresponding share quantities.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |
NACDAC Infrastructure IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
NACDAC Infrastructure IPO Promoter Holding
The company’s promoters include Mr. Hemant Sharma, Ms. Uma Sharma, and Mr. Ashish Saxena.
| Share Holding Pre Issue | 95.9% |
| Share Holding Post Issue | 67.13% |
About NACDAC Infrastructure Limited
Established in 2012, NACDAC Infrastructure Limited is a construction firm specializing in the development of multi-story buildings, as well as residential, commercial, and institutional structures.
The company holds a Class A contractor registration with Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam and is ISO-certified.
NACDAC Infrastructure focuses primarily on civil and structural construction, offering services such as multi-story building projects, steel structure work, housekeeping and manpower supply, bridges (including FOBs and ROBs), and associated civil, structural, and electrical (both Low-Tension and High-Tension) works.
To date, the company has successfully completed 45 projects, working with both government agencies and private clients. Its portfolio includes significant projects for the Government of India and Uttarakhand, as well as sub-contracts for third-party infrastructure and construction initiatives.
As of March 31, 2024, the company employs 27 individuals.
Key Competitive Strengths:
- Established track record in efficiently executing civil projects
- Experienced promoters supported by a capable management team
- Comprehensive range of services
- Robust work order pipeline
- Strong relationships with clients
NACDAC Infrastructure Limited Financial Information (Restated)
NACDAC Infrastructure Limited reported a 209.49% increase in revenue and a 904.44% growth in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2024.
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,022.78 | 2,459.76 | 1,246.09 | 900.80 |
| Revenue | 1,376.22 | 3,633.22 | 1,173.92 | 1,032.10 |
| Profit After Tax | 160.42 | 316.90 | 31.55 | 31.55 |
| Net Worth | 1,361.22 | 1,200.80 | 581.20 | 487.77 |
| Reserves and Surplus | 594.71 | 434.29 | 117.05 | 47.19 |
| Total Borrowing | 811.17 | 643.24 | 9.49 | 189.92 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The NACDAC Infrastructure IPO has a market capitalization of ₹36.84 crore as of March 31, 2024.
Key Performance Indicators (KPIs):
As of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 35.57% |
| ROCE | 25.88% |
| Debt/Equity | 0.54 |
| RoNW | 26.39% |
| P/BV | 1.87 |
| PAT Margin (%) | 8.73 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.73 | 2.45 |
| P/E (x) | 47.78 | 14.28 |
Note:
- The pre-IPO EPS is determined using the pre-issue shareholding as stated in the RHP and the most recent financial year earnings as of March 31, 2023, available in the RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of January 31, 2024 that is available in RHP.
Objects of the Issue (NACDAC Infrastructure IPO Objectives)
The company plans to allocate the proceeds from the issue towards achieving the following objectives:
- Funding working capital requirements
- General corporate purposes
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