Use app for best experience!
Available for Android Device.

Nuvoco Vistas Corporation Ltd IPO Detail

Nuvoco Vistas Corporation Ltd IPO Detail

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

IPO Details

IPO Opening DateAug 09, 2021
IPO Closing DateAug 11, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹560 - 570 per equity share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE
Issue Size₹5,000 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)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.0x 0.01x 0.30x - 0.16x
Day 2 0.11x 0.04x 0.51x - 0.29x
Day 3 4.23x 0.66x 0.73x - 1.71x

IPO Tentative Timetable

The Nuvoco Vistas Corporation Ltd IPO open date is Aug 09, 2021, and the close date is Aug 11, 2021. The issue may list on Aug 23, 2021.

IPO Open DateAug 09, 2021
IPO Close DateAug 11, 2021
Basis of Allotment DateAug 17, 2021
Initiation of RefundsAug 18, 2021
Credit of Shares to Demat AccountAug 19, 2021
IPO Listing DateAug 23, 2021

IPO Lot Size

The Nuvoco Vistas Corporation Ltd IPO market lot size is 26 shares. A retail-individual investor can apply for up to 13 lots (338 shares or ₹192660).

ApplicationLotsSharesAmount (Cut-off)

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
30-Dec-20 19,597.97 4,879.43 63.45
31-Mar-20 13,444.32 6,829.94 249.25
31-Mar-19 13,261.70 7,105.89 26.48

Objects of the Issue:

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