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 PatelIPO Details
| IPO Opening Date | Aug 09, 2021 |
| IPO Closing Date | Aug 11, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹560 - 570 per equity share |
| Market Lot | 26 Shares |
| Min Order Quantity | 26 Shares |
| Listing At | BSE, 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)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| 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 Date | Aug 09, 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 19, 2021 |
| IPO Listing Date | Aug 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 26 | ₹14820 |
| Maximum | 13 | 338 | ₹192660 |
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.
