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Nuvoco IPO is a book built issue of Rs 5,000.00 crores. The issue is a combination of fresh issue of Rs 1,500.00 crores and offer for sale of Rs 3,500.00 crores.
Nuvoco IPO bidding started from August 9, 2021 and ended on August 11, 2021. The allotment for Nuvoco IPO was finalized on Tuesday, August 17, 2021. The shares got listed on BSE, NSE on August 23, 2021.
Nuvoco IPO price band is set at ₹560 to ₹570 per share. The minimum lot size for an application is 26 Shares. The minimum amount of investment required by retail investors is ₹14,820.
Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, J.P. Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers of the Nuvoco IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Nuvoco IPO RHP for detailed information.
IPO Date | August 9, 2021 to August 11, 2021 |
Listing Date | August 23, 2021 |
Face Value | ₹10 per share |
Price Band | ₹560 to ₹570 per share |
Lot Size | 26 Shares |
Total Issue Size | [.] shares (aggregating up to ₹5,000.00 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹1,500.00 Cr) |
Offer for Sale | [.] shares of ₹10 (aggregating up to ₹3,500.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 330,840,364 |
Share holding post issue | 357,156,153 |
Nuvoco IPO offers 62,500,001 shares. 17,857,143 (28.57%) to QIB, 13,392,858 (21.43%) to NII, 31,250,000 (50.00%) to RII. 1,201,923 RIIs will receive minimum 26 shares and (sNII) and (bNII) will receive minimum 364 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 17,857,143 (28.57%) | NA |
NII (HNI) Shares Offered | 13,392,858 (21.43%) | |
Retail Shares Offered | 31,250,000 (50.00%) | 1,201,923 |
Total Shares Offered | 62,500,001 (100%) |
Nuvoco IPO opens on August 9, 2021, and closes on August 11, 2021.
IPO Open Date | Monday, August 9, 2021 |
IPO Close Date | Wednesday, August 11, 2021 |
Basis of Allotment | Tuesday, August 17, 2021 |
Initiation of Refunds | Wednesday, August 18, 2021 |
Credit of Shares to Demat | Friday, August 20, 2021 |
Listing Date | Monday, August 23, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on August 11, 2021 |
Investors can bid for a minimum of 26 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 26 | ₹14,820 |
Retail (Max) | 13 | 338 | ₹192,660 |
Lot Size Calculator |
Niyogi Enterprises Pvt Ltd and Dr. Karsanbhai K Patel are the company promoters.
Share Holding Pre Issue | 95.24% |
Share Holding Post Issue | 71.03% |
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.
Competitive strengths
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) |
[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. NVCL’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...
The Nuvoco IPO is subscribed 1.71 times on August 11, 2021 5:01:00 PM. The public issue subscribed 0.73 times in the retail category, 4.23 times in the QIB category, and 0.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 0.61 times
Category | Subscription (times) |
---|---|
QIB | 4.23 |
NII | 0.66 |
Retail | 0.73 |
Total | 1.71 |
Listing Date | August 23, 2021 |
BSE Script Code | 543334 |
NSE Symbol | NUVOCO |
ISIN | INE118D01016 |
Final Issue Price | ₹570 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹570.00 |
₹471.00 |
₹471.00 |
₹550.00 |
₹531.30 |
NSE |
---|
₹570.00 |
₹485.00 |
₹485.00 |
₹550.00 |
₹531.70 |
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: https://nuvoco.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: nuvoco.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Nuvoco IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹5,000.00 Crores. The issue is priced at ₹560 to ₹570 per share. The minimum order quantity is 26 Shares.
The IPO opens on August 9, 2021, and closes on August 11, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nuvoco IPO using UPI as a payment gateway. Zerodha customers can apply in Nuvoco IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nuvoco IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nuvoco IPO opens on August 9, 2021 and closes on August 11, 2021.
Nuvoco IPO lot size is 26 Shares, and the minimum amount required is ₹14,820.
You can apply in Nuvoco IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Nuvoco IPO will be done on Tuesday, August 17, 2021, and the allotted shares will be credited to your demat account by Friday, August 20, 2021. Check the Nuvoco IPO allotment status.
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