NACDAC Infrastructure Limited IPO
NACDAC Infrastructure IPO bidding started from December 17, 2024 and ended on December 19, 2024. The allotment for NACDAC Infrastructure IPO was finalized on Friday, December 20, 2024. The shares got listed on BSE SME on December 24, 2024.
Min Investment
₹1,40,000
Price Range
₹33.0 to 35.0
Issue Size
₹10.01 Cr
IPO Type
BSE SME
Key Metrics
Face Value
₹ 10 per share
EPS
₹ 2.45
P/E Ratio
16.83 x
RoNW
26.39%
ROE
35.6%
Debt to Equity
0.54
Timeline
IPO Opens
17/12/2024
IPO Closes
19/12/2024
Allotment
20/12/2024
Refund
23/12/2024
Listing
24/12/2024
IPO Objectives
- Working Capital
- General Corporate Purposes
Strengths
- Strong Return on Equity (ROE) – With an ROE of 35.6%, NACDAC demonstrates high profitability and efficient use of shareholder funds.
- Moderate Debt Levels – The company maintains a Debt-to-Equity ratio of 0.54, indicating a balanced financial structure with controlled leverage.
- Growing Revenue & Profitability – Consistent revenue growth and improving net margins highlight strong operational performance and financial health.
- Infrastructure Boom in India – Being in the construction and infrastructure sector, NACDAC benefits from government investments and urban development projects.
- Strong Market Demand & IPO Response – The company's IPO was well-received by investors, reflecting confidence in its future growth and industry position.
Weaknesses
- Rising Debt Levels – The Debt-to-Equity ratio increased to 0.54 in 2024, indicating a growing reliance on borrowed funds, which could impact financial stability if not managed properly.
- Cyclicality in the Infrastructure Sector – The company operates in a sector highly dependent on government spending and economic conditions, making revenues vulnerable to policy changes and budget constraints.
- High Competition – Faces intense competition from larger infrastructure firms with established market presence, affecting pricing power and contract acquisitions.
- Regulatory & Compliance Risks – Infrastructure projects are subject to strict government regulations, environmental clearances, and land acquisition hurdles, which can cause delays and cost overruns.
- Working Capital Intensive Business – Requires high capital investment for project execution, leading to potential liquidity issues if payments from clients are delayed.
Financials
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr) | 3,022.78 | 2,459.76 | 1,246.09 | 900.80 |
| Revenue (₹ Cr) | 1,376.22 | 3,633.22 | 1,173.92 | 1,032.10 |
| Profit After Tax(₹ Cr) | 160.42 | 316.90 | 56.15 | 31.55 |
| Net Worth(₹ Cr) | 1,361.22 | 1,200.80 | 581.20 | 487.77 |
| Reserves and Surplus(₹ Cr) | 594.71 | 434.29 | 117.05 | 47.19 |
| Total Borrowing(₹ Cr) | 811.17 | 643.24 | 9.49 | 189.92 |
Peer Comparison
| Company | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|
| NACDAC Infrastructure Limited IPO (NACDAC Infrastructure IPO) Detail | 14.28x | 26.39% | 1,361.22 (₹Cr) |
Subscription Details
IPO Bidding Live Updates from BSE SME
| Day | # of Share Offered | Number of Lots Offered | 17th Dec 2024 19:04 | 18th Dec 2024 19:04 | 19th Dec 2024 18:21 |
|---|---|---|---|---|---|
| QIB | 5,20,000 | 130 | 2.42x | 2.74x | 236.39x |
| NII | 4,00,000 | 100 | 73.69x | 427.18x | 4,084.46x |
| RII | 9,40,000 | 235 | 80.58x | 779.00x | 2,503.66x |
| Total | 18,60,000 | 465 | 57.25x | 486.32x | 2,209.76x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 5,20,000 | 12,29,24,000 | 430.23 | ||
| NII | 4,00,000 | 1,63,37,84,000 | 5,718.24 | ||
| RII | 9,40,000 | 2,35,34,44,000 | 8,237.05 | ||
| Total | 18,60,000 | 4,11,01,52,000 | 14,385.53 |
Company Details
- KF-120, Kavi Nagar, Ghaziabad, 201002
0120-4242881
- compliance.nacdac@gmail.com
- https://nacdacinfrastructure.com/
Registrar Details
- N/A
+91-11-45121795-96
- ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues
