Nuvoco IPO

Nuvoco IPO-Dates, Price band, Details

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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 nameNuvoco Vistas Corporation Ltd
SectorConstruction materials
IndustryCement & Construction materials

Dates to remember

IPO Open09 August 2021
IPO Close11 August 2021
Basis of Allotment17 August 2021
Refunds date18 August 2021
Credit to Demat Account20 August 2021
 Listing Date23 August 2021

IPO details

Issue typeBook 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 Allocation35%
Lot size26 Shares
Minimum application1Lot-26 Shares
Maximum application13 Lots-338
Minimum application amount₹14,820
Maximum application amount₹192,660
Listing ExchangeBSE & NSE

Company Financials

ParticularsFor the year/period ended (₹ in million)
Total Assets1,99,075.70134,443.22132,617.03
Total Revenue75,226.9368,299.4471,058.88
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

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

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

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