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.