August 9, 2021 - August 11, 2021

Nuvoco IPO Review & Recommendations

Angel One, Canara Bank, Hem Securities, IDBI Capital, Investmentz Ltd and KR Choksey Securities Ltd have given "Apply" recommendation to Nuvoco IPO. Arun Kejriwal and Dilip Davda have given "May Apply" recommendation to Nuvoco IPO. Axis Capital, Edelweiss Broking Ltd, HDFC Securities Limited and ICICI Direct have "Neutral" view about the IPO. Capital Market and InvestorGain.com recommend to "Avoid" the IPO.

Nuvoco IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	6	2	4	2	0
%	42.86	14.29	28.57	14.29	0.00

Nuvoco IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Angel One	Apply
Arun Kejriwal	May Apply
Axis Capital	Neutral
Canara Bank	Apply
Capital Market	Avoid
Dilip Davda	May Apply
Edelweiss Broking Ltd	Neutral
HDFC Securities Limited	Neutral
Hem Securities	Apply
ICICI Direct	Neutral
IDBI Capital	Apply
Investmentz Ltd	Apply
KR Choksey Securities Ltd	Apply
InvestorGain.com	Avoid

Nuvoco IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Nuvoco IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	43	Avoid, however active risk seekers can try

Nuvoco IPO Review by Dilip Davda (May apply)

[Dilip Davda] Considering mega spending for infra developments including affordable housing plans afoot, demand for cement is going to be high and thus, this 5th mega player in the segment is poised for bright prospects. NVCLâ€™s current debt is around Rs. 6887 cr. which will be reduced by Rs. 1350 cr. from IPO proceeds, still it will have over Rs. 5537 cr. outstanding. On the current financial parameters, its P/E is unascertainable, but the image of Nirma group and the bright scope going forward makes this IPO a pure long term story for cash surplus investors. Read detail review...

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