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.
Related Posts
Bloodbath on D-street: Investors lose Rs 13 lakh crore in last 2 days- Top reasons why market is falling
The Indian stock market experienced a significant drop for the second consecutive day, with the Sensex plummeting over 984 points, marking its lowest point in […]
Hyderabad HRTech unicorn Darwinbox elevates CTO as fourth co-founder
Darwinbox, a leading HRTech startup from Hyderabad, has promoted its CTO Vineet Singh to co-founder. Since joining in 2015, Singh has been instrumental in the […]
Akasa Air gets funding boost! Azim Premji-Ranjan Pai family offices to buy significant minority stake
Akasa Air is securing a substantial minority stake investment of $130-140 million from a consortium led by Premji Invest and Claypond Capital.