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Nuvoco Vistas Corporation Ltd IPO (Nuvoco IPO) Detail

Aug 9, 2021 - Aug 11, 2021

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

  • 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.

Company Promoters:

Niyogi Enterprises Pvt Ltd and Dr. Karsanbhai K Patel are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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)

Objects of the Issue:

  • To repay/prepay/redeem borrowings availed by the firm fully or partially.
  • General corporate purposes.

Nuvoco IPO Details

IPO Opening Date Aug 9, 2021
IPO Closing Date Aug 11, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹560 to ₹570 per equity share
Market Lot 26 Shares
Min Order Quantity 26 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹5,000.00 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹1,500.00 Cr)
Offer for Sale[.] Eq Shares of ₹10
(aggregating up to ₹3,500.00 Cr)

Nuvoco IPO Tentative Timetable

The Nuvoco IPO open date is Aug 9, 2021, and the close date is Aug 11, 2021. The issue may list on Aug 23, 2021.

IPO Open Date Aug 9, 2021
IPO Close Date Aug 11, 2021
Basis of Allotment Date Aug 17, 2021
Initiation of Refunds Aug 18, 2021
Credit of Shares to Demat Account Aug 20, 2021
IPO Listing Date Aug 23, 2021

Nuvoco IPO Lot Size

The Nuvoco IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹192,660).

Application Lots Shares Amount (Cut-off)
Minimum 1 26 ₹14,820
Maximum 13 338 ₹192,660

Nuvoco IPO Promoter Holding

Pre Issue Share Holding 95.24%
Post Issue Share Holding 71.03%

Nuvoco IPO Subscription Status (Bidding Detail)

The Nuvoco IPO is subscribed 1.71 times on Aug 11, 2021 17:01. The public issue subscribed 0.73 in the retail category, 4.23 in the QIB category, and 0.66 in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 0.61 times

CategorySubscription (times)
QIB

4.23

NII

0.66

RII

0.73

Total

1.71

Nuvoco IPO Prospectus

Nuvoco IPO Rating

1061
3.8
Rating:Rated 3.8 stars
Vote Here ...

Nuvoco IPO Listing Date

Listing Date Monday, August 23, 2021
BSE Script Code 543334
NSE Symbol NUVOCO
Listing In B Group of Securities
ISIN INE118D01016
IPO Price ₹570 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

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: https://nuvoco.in/

Nuvoco IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: nuvoco.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Nuvoco IPO FAQs

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 equity share. The minimum order quantity is 26 Shares.

The IPO opens on Aug 9, 2021, and closes on Aug 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nuvoco IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nuvoco IPO opens on Aug 9, 2021 and closes on Aug 11, 2021.

Nuvoco IPO lot size is 26 Shares and the minimum order quantity is 26 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nuvoco IPO will be done on Aug 17, 2021, and the allotted shares will be credited to your demat account by Aug 20, 2021. Check the Nuvoco IPO allotment status.

The Nuvoco IPO listing date is on Monday, August 23, 2021.

Nuvoco IPO Message Board

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