NACDAC Infrastructure IPO Closed
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Schedule of NACDAC Infrastructure
| Issue open date | 17 Dec 2024 |
| Issue close date | 19 Dec 2024 |
| UPI mandate deadline | 19 Dec 2024 (5 PM) |
| Allotment finalization | 20 Dec 2024 |
| Refund initiation | 23 Dec 2024 |
| Share credit | 23 Dec 2024 |
| Listing date | 24 Dec 2024 |
| Mandate end date | 03 Jan 2025 |
| Lock-in end date for anchor investors (50%) | 19 Jan 2025 |
| Lock-in end date for anchor investors (remaining) | 20 Mar 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About NACDAC Infrastructure
Incorporated in 2012, NACDAC Infrastructure Limited is a construction company specializing in civil and structural works, including multi-story buildings, steel structures, bridges (FOBs and ROBs), and electrical works (Low-Tension & High-Tension). The company is a Class A contractor registered with Uttarakhand Peyjal Sansadhan Vikas Evum Nirman Nigam and holds ISO certifications for quality, environmental, and safety management. It has completed 63 projects worth ₹96.75 crore, working with government agencies and private corporations. NACDAC also undertakes sub-contracting and joint ventures for large infrastructure projects.
Financials of NACDAC Infrastructure
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹10.01 crores |
| Fresh Issue | ₹10.01 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | Upto 7.5 (74.26%) |
Strengths
- Long-term client relationships ensuring repeat business and retention.
- Strong work order book showcasing growth and execution capabilities.
- Expertise in executing complex civil projects in challenging terrains.
- Diverse services across construction and infrastructure development.
Risks
- Business concentration poses regional risks.
- Reliance on competitive bidding affects project acquisition.
- Dependence on subcontractors risks delays and quality issues.
- High dependency on government contracts poses policy and budgetary risks.
- Equipment maintenance and obsolescence pose operational risks.
- Cost escalations in long-term projects impact profitability.