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NACDAC Listing: Most Subscribed SME Stock Makes Bumper Debut At Upper Limit

  • Shares of NACDAC Infrastructure Ltd. made a bumper debut on BSE SME with a premium of 90% over the issue price.
  • Bidders who were allotted at least one lot of the IPO would have made profits of Rs 1,26,000 with their investment of Rs 1,40,000 turning to Rs 2,66,000.
  • The NACDAC Infrastructure IPO became the most subscribed SME IPO in India’s history, with massive oversubscriptions from investors.
  • NACDAC Infrastructure Ltd. plans to use the IPO proceeds for working capital requirements and general corporate purposes.

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