Nuvoco IPO will open for subscription from 9 August 2021. The company aims for an issue size of ₹5,000.00 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Nuvoco Vistas Corporation Ltd
Incorporated in 1999, Nuvoco Vista Corporation Ltd, a part of Nirma Group Company is among one of the largest cement companies and concrete manufacturers in India. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.
The company sells its products in the trade segment (individual home buyers) and non-trade segment (institutional and bulk buyers). It has a strong distribution network with 15,969 dealers and 225 CFAs. Its cement plants are located in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India with an aggregated installed capacity of 22.32 MMTPA.
Objects of the Issue
- To repay/prepay/redeem borrowings availed by the firm fully or partially.
- General corporate purposes.
Competitive strengths
- Largest cement manufacturer in East India in terms of total capacity.
- Strategically located cement plants with close proximity to key markets.
- Strong brand recognition and a large distribution network.
- Experienced promoters and managers team.
Basic details about the company
| Full name | Nuvoco Vistas Corporation Ltd |
| Sector | Construction materials |
| Industry | Cement & Construction materials |
| Company Website | www.nuvoco.in |
Dates to remember
| IPO Open | 09 August 2021 |
| IPO Close | 11 August 2021 |
| Basis of Allotment | 17 August 2021 |
| Refunds date | 18 August 2021 |
| Credit to Demat Account | 20 August 2021 |
| Listing Date | 23 August 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹5,000.00 Cr |
| Fresh Issue | ₹1,500.00 Cr |
| Offer for sale | ₹3,500.00 Cr |
| Face value | ₹10 per equity share |
| Price band | ₹560 to ₹570 per equity share |
| Retail Allocation | 35% |
| Lot size | 26 Shares |
| Minimum application | 1Lot-26 Shares |
| Maximum application | 13 Lots-338 |
| Minimum application amount | ₹14,820 |
| Maximum application amount | ₹192,660 |
| Listing Exchange | BSE & NSE |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,99,075.70 | 134,443.22 | 132,617.03 |
| Total Revenue | 75,226.93 | 68,299.44 | 71,058.88 |
| Profit After Tax | (259.19) | 2,492.55 | (264.88) |
Valuation of Nuvoco (as of FY2020)
| Earnings Per Share (EPS) | ₹0.82 |
| Price/Earnings (PE ratio) | na |
| Return on Net Worth (RONW) | -0.35% |
| Net Asset Value (NAV) | 232.43 per share |
Company Promoters
- Niyogi Enterprises Pvt Ltd
- Dr. Karsanbhai K Patel
Nuvoco IPO Lead Manager(s)
- Axis Capital Limited
- HSBC Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- J.P. Morgan India Private Limited
- SBI Capital Markets Limited
Nuvoco IPO Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: nuvoco.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
Nuvoco Vistas Corporation Ltd
Equinox Business Park, Tower 3, East Wing,
4th Floor, LBS Marg, Kurla (West),
Mumbai – 400 070
Phone: +91 22 6769 2500
Email: investor.relations@nuvoco.com
Website: http://www.nuvoco.com/
Nuvoco Vistas IPO Allotment Status
Nuvoco Vistas IPO allotment will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Nuvoco IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing