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.

Nuvoco IPO Details

IPO Date	Aug 9, 2021 to Aug 11, 2021
Listing Date	Aug 23, 2021
Face Value	₹10 per share
Price	₹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

Nuvoco IPO Reservation

Anchor Investor Shares Offered	-
QIB Shares Offered	17,857,143 (28.57%)
NII (HNI) Shares Offered	13,392,858 (21.43%)
Retail Shares Offered	31,250,000 (50.00%)
Total Shares Offered	62,500,001 (100%)

Nuvoco IPO Timetable (Tentative)

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

Event	Tentative Date
Opening Date	Monday, 9 August 2021
Closing Date	Wednesday, 11 August 2021
Basis of Allotment	Tuesday, 17 August 2021
Initiation of Refunds	Wednesday, 18 August 2021
Credit of Shares to Demat	Friday, 20 August 2021
Listing Date	Monday, 23 August 2021
Cut-off time for UPI mandate confirmation	5 PM on Aug 11, 2021

Nuvoco IPO Lot Size

The Nuvoco IPO lot size is 26 shares.

Application	Lots	Shares	Amount
Retail (Min)	1	26	₹14,820
Retail (Max)	13	338	₹192,660
Lot Size Calculator

Nuvoco IPO Promoter Holding

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

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

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 Review (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...

Nuvoco IPO Subscription Status (Bidding Detail)

The Nuvoco IPO is subscribed 1.71 times on Aug 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

Nuvoco IPO Prospectus

› Nuvoco IPO DRHP
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Nuvoco IPO Rating

1061

3.8

Rating:

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Nuvoco IPO Listing Details

Listing Date	Aug 23, 2021
BSE Script Code	543334
NSE Symbol	NUVOCO
ISIN	INE118D01016
Final Issue Price	₹570 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

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: https://linkintime.co.in/

Nuvoco IPO Analysis

Nuvoco IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	8	4	2
Members	0	0	0

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Nuvoco IPO Lead Manager(s)

Lead Manager Reports

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 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

Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Nuvoco IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
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 .

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, 17 August 2021, and the allotted shares will be credited to your demat account by Friday, 20 August 2021. Check the Nuvoco IPO allotment status.

The Nuvoco IPO listing date is on Aug 23, 2021.

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Nuvoco IPO Message Board

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614 Comments

Stock Discussion

286. DK NOVA | Link |Sep 9, 2021 11:49:34 AM

Please hold it don''t sell. Wait for 3-4 months.

286.1. mvsmr | Link |Sep 13, 2021 11:42:18 AM

Yes, still holding the allotted lot as it is cement company, thinking that it will give some good gain in future

285. ~~MS ASSOCIATE~~ | Link |Aug 27, 2021 6:17:44 PM

Aptus Value share price close above issue price

284. rajkishore | Link |Aug 25, 2021 5:15:08 PM

Sir Nowadays all IPO s are going in minus. Is it due to high/boosted pricing? Please let me know the reason.

284.1. SANDY INVESTOR | Link |Aug 25, 2021 6:12:59 PM

And one more reason is Heavy offloading of stake by promotors / Existing Share Holders of the company in the disguise of IPO. Actually these are not IPO but OFS. Very little money out of these so called IPO remains with company which can be used for expansion.

283. Regulagedda Ambica Prasad | Link |Aug 23, 2021 12:12:07 PM

Top Contributor (300+ Posts, 200+ Likes)

After weak hands vanish, this will go up from tomorrow. Started accumulating at 533.It will touch 600 in a week''s time.

283.1. RAJA HINDUSTANI | Link |Aug 23, 2021 10:10:09 PM

Why was this such a subdued listing when it''s subscription was mainly by L.T investors ??

283.2. mvsmr | Link |Sep 13, 2021 11:43:32 AM

Still waiting for that 600 so that I can sell the allotted lot.

282. IPO NOOBIE | Link |Aug 23, 2021 10:05:17 AM

Sold my lot at @531 - ~1000 loss

Load more comments (1 replies)

282.2. IPO NOOBIE | Link |Aug 23, 2021 7:50:22 PM

JDS... Well nobody knows what will happen in future. Moreover I only applied in this ipo to just get the allotment. I have been applying in the IPO for the last 2 yes never ever got allotment. Not even in Cartrade. Just wanted to break the jinx 😃

282.3. JDS | Link |Aug 23, 2021 8:17:35 PM

Think positive brother. In August month the market will be like this. From next month onwards all mid and small caps shares will boom. We should have patience.
Im new to share market, started in June month. Within 3 months, I got Clean science, Tatva, Glenmark and now Nuvoco IPO. I am happy because I didnt allocate for cartrade ipo.

281. gundu anna | Link |Aug 23, 2021 3:40:16 PM (500+ Posts, 100+ Likes)

Nuvoco type of IPOs are required to weed out excess retail punting and multiple IPO applications. It is good to have periodic issues like Windla, Nuvuco etc...

280. jstm | Link |Aug 23, 2021 11:18:06 AM