Nacdac Infrastructure Ltd IPO

About Nacdac Infrastructure Ltd

NACDAC INFRASTRUCTURE LIMITED was originally incorporated and registered as a private limited company under Companies Act, 1956 in the name and style of `UMA INFRATECH PRIVATE LIMITED' vide certificate of incorporation dated 19th June, 2012 bearing Corporate Identification Number U45400UP2012PTC051081 issued by the Registrar of Companies, Kanpur, Uttar Pradesh. Thereafter, the company was converted into a public limited company pursuant to a special resolution passed by its members at the Extra Ordinary General Meeting held on December 04, 2021 and consequently the name of the company was changed to `UMA INFRATECH LIMITED' and a fresh certificate of incorporation was issued by Registrar of Companies, Kanpur, Uttar Pradesh dated December 30, 2021 bearing Corporate Identification Number U45400UP2012PLC051081. Thereafter the name of the Company was changed pursuant to a special resolution passed by its members at the Extra Ordinary General Meeting held on February 18, 2022 and consequently name of the Company was changed to `NACDAC INFRASTRUCTURE LIMITED` and a fresh certificate of incorporation was issued by Registrar of Companies, Kanpur, Uttar Pradesh dated March 09, 2022 bearing Corporate Identification Number U45400UP2012PLC051081.

Amidst an uncertain and challenging global macroeconomic environment, the Indian economy presents a picture of confidence, positivity and optimism. Recent growth outturns have surprised most forecasts on the upside. After clocking real gross domestic product (GDP) growth of 7.2 per cent in 2022-23, real GDP is expected to grow by 7.3 per cent during 2023-24 according to the latest release by the National Statistical Office (NSO). With strong domestic demand conditions, India remains the fastest growing major economy and is now the fifth largest economy in the world. In fact, in purchasing power parity (PPP) terms, India is already the third largest economy. The International Monetary Fund (IMF) has projected that India's contribution to world growth will rise from the current 16 per cent to 18 per cent by 2028. Strong domestic demand remains the main driver of growth, although there has been a significant increase in Indian economy's global integration through trade and financial channels. Higher reliance on domestic demand cushioned India from multiple external headwinds. The construction Industry in India is expected to reach $1.4 Tn by 2025. The construction industry market in India works across 250 sub-sectors with linkages across sectors. Under NIP, India has an investment budget of $1.4 Tn on infrastructure - 24% on renewable energy, 18% on roads & highways, 17% on urban infrastructure, and 12% on railways. 54 global innovative construction technologies identified under a Technology Sub-Mission of PMAY-U to start a new era in Indian construction technology sector.

Nacdac Infrastructure Limited is primarily a core-construction company specializing in comprehensive range of civil and structural services. Its core offerings encompass the construction of multi-story buildings, electrical works (both Low-Tension & High-Tension), steel structure works, as well as bridges (including FOBs and ROBs) and all associated civil and structural works. With a strong focus on quality and efficiency, the company serves a diverse clientele spanning government agencies, and private corporations. The Company has successfully completed many projects in various departments of Government of India and Government of Uttarakhand. The Company believes it benefitted significantly from the good relationship established by its Promoters. The company has an established track record of executing projects with more than a decade of experience in construction activities. Over the years, the company has successfully completed 63 projects worth Rs. 9674.88 lakhs approximately.

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