NACDAC Infrastructure IPO
Nacdac Infrastructure Ltd
₹1,32,000 /4000 sharesMinimum Investment
NACDAC Infrastructure IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
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-- | ₹35.00 | ₹66.50 | ₹31.50 (90.00%) |
NACDAC Infrastructure IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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17 Dec ‘24 - 19 Dec ‘24 | ₹1,32,000 | 4,000 | ₹33 - ₹35 |
Qualified Institutional Buyers | 210.10x |
Non-Institutional Investor | 2,270.95x |
Retail Individual Investor | 2,191.48x |
Total | 1,719.82x |
NACDAC Infrastructure is a construction company that offers various civil and structural services. The company focuses on building multi-storey structures, performing electrical works (both low and high tension), steel structure construction, and building bridges, including foot overbridges (FOBs) and road overbridges (ROBs).
NACDAC Infrastructure handles contracts independently or collaborates through project-specific joint ventures with other construction and infrastructure companies. In addition to this, the company also takes on sub-contracting projects from major third-party infrastructure and construction firms.;
Managing director
Mr. Hemant Sharma
Parent organisation
Nacdac Infrastructure Ltd
Strengths & Financials of NACDAC Infrastructure
Over the years, NACDAC Infrastructure has completed 63 projects for a total value of approximately Rs 96.75 crore.
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environment management systems, and ISO 45001:2018 certified for occupational health and safety management systems.
NACDAC Infrastructure offers a wide range of construction and structural services and claims that this diversity has helped the company cater to a broad client base and strengthen its position in the market.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 10.31 crore in FY22 to Rs 11.72 crore in FY23 to Rs 36.30 crore in FY24. PAT increased from Rs 0.31 crore in FY22 to Rs 0.56 crore in FY23 to Rs 3.17 crore in FY24.
NACDAC Infrastructure’s business is dependent on projects in the states of Uttarakhand, Uttar Pradesh, and Delhi. As of October 31, 2024, the company generated 41.43% of its total revenue from operations from Uttarakhand, 31.83% from Uttar Pradesh, and 24.00% from Delhi. Any adverse changes to the business environment in these states could negatively impact the company's operations and financial performance.
Infrastructure projects are awarded to NACDAC Infrastructure based on meeting specific pre-qualification criteria and through a competitive bidding process. The company’s business and financial stability could be adversely affected if new projects are not awarded, or if existing contracts are terminated prematurely.
A large portion of the company’s revenue comes from a small group of clients. The top 10 customers contributed 96.05%, 91.93%, 87.86%, and 99.98% for the period ending October 31, 2024, and in the FY24, FY23, and FY22, respectively to the total sales. Any loss of any major client or a reduction in business from them could adversely impact the company’s operations and finances.
The company, its directors and promoters are currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of October 31, 2024, the company’s total outstanding borrowings amount to Rs 8.11 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
NACDAC Infrastructure Financials
*All values are in Rs. Cr
Application Details of NACDAC Infrastructure IPO
Apply as | Price band | Apply upto |
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Regular | ₹33 - 35 | ₹2 - 5 Lakh |
High Networth Individual | ₹33 - 35 | ₹2 - 5 Lakh |
For NACDAC Infrastructure IPO, eligible investors can apply as Regular.