Market speculation points to a robust listing for NACDAC Infrastructure, which is scheduled to make its BSE SME debut today, with a premium of 142.46% based on the Grey Market Premium (GMP).
After accounting for an estimated GMP of ₹50, the IPO, which had an issue price of ₹35 per share, is anticipated to list at about ₹85 per share.
Overview of IPO Subscriptions
The initial public offering (IPO), which took place from december 17 to december 19, sought to raise 10.01 crore by issuing 28.6 lakh new shares. The offer was subscribed to 2,209.74 times, resulting in bids totalling ₹14,385.53 crore, indicating an enormous response.• There were 236.39 subscriptions from Qualified Institutional Buyers (QIBs).
• Non-Institutional Investors (NIIs): a staggering 4,084.46 times subscribed.
• Retail Individual Investors (RIIs): 2,503.66 subscriptions were made.
Registrar and Lead Managers
GYR capital Advisors Private served as the book-running lead manager for the IPO process, and Maashitla Securities was the registrar, handling investor services and allocation. Furthermore, the issue's market maker was Giriraj Stock Broking.Performance of the Grey Market Premium (GMP)
The IPO has attracted a lot of interest in the unlisted market with a GMP of ₹50, which represents a premium of 142.46%. It's crucial to remember that the GMP is not an official indicator and may not accurately forecast the stock's future performance or the actual listing price, even though it indicates high market emotion and possible gains.The NACDAC Infrastructure IPO's main features include: • Price range: ₹31 to ₹35 per share.
Size of Issue: ₹10.01 crore.
• Rate of Subscription: 2,209.74 times.
• Based on GMP projections, the expected listing price is ₹85 per share.
Investors hoping to profit from NACDAC Infrastructure's first performance are eagerly awaiting its listing today because to the IPO's strong GMP and significant oversubscription.
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