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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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (โ‚น 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

Nuvoco IPO Date Aug 9, 2021 to Aug 11, 2021
Nuvoco IPO Face Value ₹10 per share
Nuvoco IPO Price ₹560 to ₹570 per share
Nuvoco IPO Lot Size 26 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹5,000.00 Cr)
Fresh Issue[.] shares of ₹10
(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
Company Promoters

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

Nuvoco IPO Timeline (Tentative Timetable)

Nuvoco IPO opens on Aug 9, 2021, and closes on Aug 11, 2021. The Nuvoco IPO bid date is from Aug 9, 2021 10.00 A.M. to Aug 11, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Nuvoco IPO Opening Date Aug 9, 2021
Nuvoco IPO Closing Date Aug 11, 2021
Basis of Allotment Aug 17, 2021
Initiation of Refunds Aug 18, 2021
Credit of Shares to Demat Aug 20, 2021
Nuvoco IPO Listing Date Aug 23, 2021

Nuvoco IPO Lot Size

The Nuvoco IPO 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
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 Review

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. NVCLรขโ‚ฌโ„ขs 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

CategorySubscription (times)
QIB4.23
NII0.66
Retail0.73
Total1.71

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 share
Face Value ₹10 per 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: https://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 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 .

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.
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Nuvoco IPO Message Board

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614 Comments

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 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
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 ๐Ÿ˜ƒ
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
IPO Mentor IPO Mentor (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
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 |Aug 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 |Aug 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 |Aug 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 |Aug 23, 2021 10:30:17 AM
Hello Experts,
What''s your views on Nuvoco for long term?

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

277. Noorul |   Link |Aug 23, 2021 10:07:36 AM
Money saves is equals to Money earn...
277.1. lokes |   Link |Aug 23, 2021 10:30:51 AM
IPO Guru IPO Guru (3200+ Posts, 3400+ 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 |Aug 23, 2021 10:14:18 AM
Lo bhai retail investors ke shares badhe.investors ne panic kr kr chura liye
275. MintIndian |   Link |Aug 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 |Aug 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 |Aug 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 |Aug 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 |Aug 23, 2021 9:55:20 AM
No chance, Bro!! When we lost we lost!
272. Cautious ipo |   Link |Aug 23, 2021 8:08:48 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Special ipo software of chahcha shame cho seems ready with buy at low and sell at high ....??
272.1. JIgar A |   Link |Aug 23, 2021 9:51:44 AM
Top Contributor Top Contributor (300+ Posts, 200+ 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 |Aug 23, 2021 9:49:17 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Bought 100 at 485 stop loss 477
271.1. poweripo |   Link |Aug 23, 2021 9:51:29 AM
good buy
270. dngohel |   Link |Aug 22, 2021 9:52:24 PM
Nuvoco will list at a premium of +20 Rs.
270.4. ColdBurger |   Link |Aug 23, 2021 9:45:41 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
15% discount listing,๐Ÿ˜ฑ๐Ÿ˜ฑ๐Ÿ˜ฑ
270.5. Cautious ipo |   Link |Aug 23, 2021 9:50:47 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Negative premium at 485 minus --85
269. Earthking |   Link |Aug 23, 2021 9:49:55 AM
Top Contributor Top Contributor (400+ Posts, 100+ 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 |Aug 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 |Aug 23, 2021 9:48:17 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Very Poor Listing Open NSE 485 BSE 471