NACDAC Infrastructure has become one of the highest subscribed IPOs in the SME market history after receiving bids nearly 2,000 times higher than the shares on offer. The company was merely seeing Rs 10 crore through its public offer and planned to list its shares on the BSE SME platforms.
The bids received were for 411 crore shares worth over Rs 14,000 crore as against just 20 lakh shares on offer. Post the bumper response for the IPO, the company will finalise the share allotment later today.
Investors can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the issue name, that is the company's name in the drop down.
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