SME IPO mania: Infrastructure company's Rs 10cr offer gets Rs 14k crore bids

NACDAC Infrastructure's Rs 10 crore IPO received a record-breaking Rs 14,386 crore in bids, achieving a 1,976 times oversubscription. Retail investors and high-net-worth individuals showed particularly strong interest. The Ghaziabad-based construction company secured funding from two anchor investors ahead of the IPO, aiming to utilize the proceeds for working capital and general corporate purposes.

Dec 20, 2024 - 06:30
 0
SME IPO mania: Infrastructure company's Rs 10cr offer gets Rs 14k crore bids
NACDAC Infrastructure's Rs 10 crore IPO received a record-breaking Rs 14,386 crore in bids, achieving a 1,976 times oversubscription. Retail investors and high-net-worth individuals showed particularly strong interest. The Ghaziabad-based construction company secured funding from two anchor investors ahead of the IPO, aiming to utilize the proceeds for working capital and general corporate purposes.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow