Kadek Infra has set a new benchmark in the SME sector with its IPO receiving an unprecedented 1,976 times oversubscription, raising ₹144,000 crores in bids against the ₹10 crore target.
Kadek Infra is a Ghaziabad-based infrastructure company specializing in construction projects such as railways, roads, and bridges. Despite a modest workforce of 100 employees and 50 customers, the company has proven its expertise by managing large-scale projects, including those for the Uttarakhand government.
With a total project value of ₹144,000 crores, Kadek Infra has demonstrated its capability to deliver exceptional value in the competitive infrastructure market.
Kadek Infra's IPO, initially aiming to raise ₹10 crores, shattered expectations by gathering ₹144,000 crores in bids. This massive demand is attributed to the company's solid reputation and proven track record in the infrastructure sector.
The IPO was subscribed nearly 1,976 times, making it the first SME IPO in India to achieve such a milestone.
This IPO stands out for its extraordinary subscription levels. While other SME companies like Hems Bio and AOAC Foods have seen significant interest with over 1,000 times subscription, Kadek Infra's response was unparalleled.
The overwhelming investor confidence underscores the company's strong market position and future potential.
Kadek Infra's robust project portfolio includes 50 ongoing projects. Notable completions include key infrastructure projects for the Uttarakhand government, such as ITI campuses in Haridwar and Roorkee.
These achievements solidify Kadek Infra's position as a reliable player in the infrastructure sector.
The Grey Market Premium (GMP) for Kadek Infra shares stands at ₹990, signaling strong investor sentiment. Experts anticipate a strong stock market debut, driven by the overwhelming subscription numbers.
Kadek Infra's success is part of a larger trend in the SME sector. In the current financial year, 160 SME IPOs have been launched, highlighting the growing momentum and investor interest in this space.
Kadek Infra's IPO success underscores the potential of small and medium enterprises with strong project portfolios. The record-breaking subscription highlights the growing interest in the SME sector, paving the way for similar success stories in the future.
