NACDAC Infrastructure share: Shares of the company are at higher prices for the fifth consecutive day. It has increased by 43 percent during this period. Shares of NACDAC Infra were trading 17 percent higher at Rs 106.40 against a 0.88 percent decline in the BSE Sensex.
Let us tell you that the IPO of this company came last month. Its price band was fixed at Rs 35. Its shares were listed at Rs 66.50 on December 24 at a premium of 90%. In the 10 trading days after the listing, shares of NACDAC Infra have risen 204 percent from their IPO price of Rs 35.
The company made a strong debut at Rs 69.82 on the BSE SME, doubling investors' money on the day of listing. Let us tell you that this IPO was subscribed more than 2000 times.
The company has successfully completed many projects by various departments of Government of India and State Government of Uttarakhand. Over the years, it has successfully completed 63 projects worth approximately Rs 96.75 crore. As of October 31, 2024, its order book stood at Rs 88.33 crore.
As per the shareholding pattern available on the exchanges, as of December 20, 2024, out of the 30.16 per cent public shareholding in the company, foreign institutional investors held 9.46 per cent stake in the company, while domestic institutional investors held 4.94 per cent. Retail investors hold 14.81 percent stake in NACDAC Infra, the data showed.
Note: The information provided here is for informational purposes only, it is important to mention that investing in the market is subject to market risks. So always consult an expert before investing.
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