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Nuvoco Vistas Corporation Ltd IPO (Nuvoco IPO) Detail

August 9, 2021 - August 11, 2021

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.

Nuvoco IPO Details

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

Nuvoco IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered17,857,143 (28.57%)NA
NII (HNI) Shares Offered13,392,858 (21.43%)
Retail Shares Offered31,250,000 (50.00%)1,201,923
Total Shares Offered62,500,001 (100%)

Nuvoco IPO Timeline (Tentative Schedule)

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

Nuvoco IPO Lot Size

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

Nuvoco IPO Promoter Holding

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%

About 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.

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 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 (Nuvoco IPO Objectives)

  • 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. 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...

Nuvoco IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)

Nuvoco IPO Prospectus

Nuvoco IPO Rating

Rating:Rated 3.8 stars
Vote Here ...

Nuvoco IPO Listing Details

Listing Date August 23, 2021
BSE Script Code 543334
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
Last Trade

Check IPO Performance…

Nuvoco Vistas Corporation Ltd Contact Details

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 IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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 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

  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 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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



286. DK NOVA |   Link |  Bookmark |September 9, 2021 11:49:34 AM
Please hold it don''t sell. Wait for 3-4 months.
286.1. mvsmr |   Link |  Bookmark |September 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 |  Bookmark |August 27, 2021 6:17:44 PM
Aptus Value share price close above issue price
284. rajkishore |   Link |  Bookmark |August 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 |  Bookmark |August 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 |  Bookmark |August 23, 2021 12:12:07 PM
Top Contributor Top Contributor (400+ 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 |  Bookmark |August 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 |  Bookmark |September 13, 2021 11:43:32 AM
Still waiting for that 600 so that I can sell the allotted lot.
282. IPO NOOBIE |   Link |  Bookmark |August 23, 2021 10:05:17 AM
Sold my lot at @531 - ~1000 loss
282.2. IPO NOOBIE |   Link |  Bookmark |August 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 |  Bookmark |August 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 |  Bookmark |August 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 |  Bookmark |August 23, 2021 11:18:06 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

After Windlas & CarTrade , this is the 3rd consecutive IPO listed in discount.
Still 2 more to follow tomorrow.
279. jstm |   Link |  Bookmark |August 23, 2021 10:15:45 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

ON BSE UC limit for today is 565.2
279.2. jstm |   Link |  Bookmark |August 23, 2021 10:30:07 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

Even UC can''t meet issue price for today.

Alert for those who have made short position.

After ICICI securities , this is the 2nd IPO I''ve seen such a dull listing.
ISEC also listed @ 18 % discount.

279.3. jstm |   Link |  Bookmark |August 23, 2021 10:50:13 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

Mid-Cap & small-cap index beaten brutally

Likely to close between 500-525

278. Dheeraj Luthra |   Link |  Bookmark |August 23, 2021 10:30:17 AM
Hello Experts,
What''s your views on Nuvoco for long term?

278.1. jstm |   Link |  Bookmark |August 23, 2021 10:44:22 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Long Term below 400

277. Noorul |   Link |  Bookmark |August 23, 2021 10:07:36 AM
Money saves is equals to Money earn...
277.1. lokes |   Link |  Bookmark |August 23, 2021 10:30:51 AM
IPO Guru IPO Guru (4400+ Posts, 5100+ Likes)
Money couldn''t be saved in cartrade also which was considered safe with 10-15% premium and still down 4% and nuvoco is also around 4% down now....
276. RajG |   Link |  Bookmark |August 23, 2021 10:14:18 AM
Lo bhai retail investors ke shares badhe.investors ne panic kr kr chura liye
275. MintIndian |   Link |  Bookmark |August 23, 2021 7:50:03 AM
Every index is green today. Seems it will do well, even if listed on discount.
275.1. MintIndian |   Link |  Bookmark |August 23, 2021 10:11:02 AM
Seems doing good till now. It has manufacturing business not from service sector, so there is still potential upside. (Disclaimer- Have no stake (day, short, long) in this stock. )
274. srihari Surisetty |   Link |  Bookmark |August 23, 2021 9:59:36 AM
Hi Investors,

Why is it not showing an option to sell option yet?
What would you suggest?

- Srihari
273. Yep |   Link |  Bookmark |August 23, 2021 9:45:51 AM
Don''t worry, average at 410-415 if u get the chance, not sure it reaches 570 today, but 530-540 would reach quickly
273.1. Srinijinx |   Link |  Bookmark |August 23, 2021 9:55:20 AM
No chance, Bro!! When we lost we lost!
272. Cautious ipo |   Link |  Bookmark |August 23, 2021 8:08:48 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Special ipo software of chahcha shame cho seems ready with buy at low and sell at high ....??
272.1. JIgar A |   Link |  Bookmark |August 23, 2021 9:51:44 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Bhai tum kyu chem cho sir k pi6e hi pade ho...
tum mentor ho, jara unki respect kro.
Tum jese ki vajah se unhone ipo me ray dena bhi bandh kr diya he. Agar tumhe nhi psnd to ignor kro unko, dusro ko to unka analysis/strategies ka labh lene do...
Chem chho sir, plz ignor this type of people, and keep guide to us...
271. Cautious ipo |   Link |  Bookmark |August 23, 2021 9:49:17 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Bought 100 at 485 stop loss 477
271.1. poweripo |   Link |  Bookmark |August 23, 2021 9:51:29 AM
good buy
270. dngohel |   Link |  Bookmark |August 22, 2021 9:52:24 PM
Nuvoco will list at a premium of +20 Rs.
270.4. ColdBurger |   Link |  Bookmark |August 23, 2021 9:45:41 AM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
15% discount listing,😱😱😱
270.5. Cautious ipo |   Link |  Bookmark |August 23, 2021 9:50:47 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Negative premium at 485 minus --85
269. Earthking |   Link |  Bookmark |August 23, 2021 9:49:55 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
BSE : 471 , NSE : 485 pre open price ... 70% equity is alloted to QIB , still where are these selling shares coming from ????
268. Vantage |   Link |  Bookmark |August 23, 2021 9:49:04 AM
Nuvoco listed at 485.00
IPO Price band was - Rs 560 to Rs 570 per equity share
267. Small Investor |   Link |  Bookmark |August 23, 2021 9:48:17 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Very Poor Listing Open NSE 485 BSE 471