Nuvoco Vistas IPO Details
Nuvoco Vistas IPO description – Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. As of 31 December 2020, its cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India.
The company is promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group. The group forayed into the cement business in 2014 through a greenfield plant in Nimbol, Rajasthan but quickly shifted focus on acquisitions to fuel growth. It acquired the Indian cement business of LafargeHolcim in 2016 and NU Vista in 2020.
Its operates 8 cement plants in states including West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India, while RMX plants are located across India. Three of these plants in East India are integrated units and five plants are grinding units. Similarly, two of its plants in North India are integrated units and the third is a blending unit. As of 31 December 2020, its cement plants have an installed capacity of 22.32 MMTPA.
Promoters of Nuvoco Vistas – Niyogi Enterprise Private Limited and Dr Karsanbhai Patel
| Nuvoco Vistas IPO details | |
| Subscription Dates | 9 – 11 August 2021 |
| Price Band | INR560 – 570 per share |
| Fresh issue | INR1,500 crore |
| Offer For Sale | INR3,500 crore |
| Total IPO size | INR5,000 crore |
| Minimum bid (lot size) | 26 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Nuvoco Vistas Financial Performance (in INR crore)
| FY2018 | FY2019 | FY2020 | FY2021 | |
| Revenue | 6,911.7 | 7,105.9 | 6,829.9 | 7,522.7 |
| Expenses | 6,749.6 | 7,089.3 | 6,443.2 | 7,486.2 |
| Net income | 88.6 | -28.1 | 246.2 | -23.0 |
| Margin (%) | 1.3 | -0.4 | 3.6 | -0.31 |
Registrar of Nuvoco Vistas IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Nuvoco Vistas Contact Details
Nuvoco Vistas Corporation Limited Equinox Business Park, Tower 3,
East Wing, 4th Floor, LBS Marg,
Kurla (West),
Mumbai – 400 070, Maharashtra
Phone: +91 22 6769 2500
Email: [email protected]
Website:Â www.nuvoco.com
Valuation of Nuvoco Vistas (as of FY2021)
Earnings Per Share (EPS): -INR0.82
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): -0.35%
Net Asset Value (NAV): INR232.43 per share
Nuvoco Vistas IPO GMP Daily Trend
| Date | Nuvoco Vistas IPO GMP | Kostak | Subject to Sauda |
| 19 August 2021 | – | – | – |
| 18 August 2021 | INR5 | – | – |
| 17 August 2021 | INR7 | – | – |
| 16 August 2021 | INR10 | – | – |
| 14 August 2021 | INR7 | – | – |
| 13 August 2021 | INR7 | – | – |
| 12 August 2021 | INR10 | – | – |
| 11 August 2021 | INR10 | – | – |
| 10 August 2021 | INR20 | – | – |
| 9 August 2021 | INR25 | INR200 | INR400 |
| 7 August 2021 | INR35 | INR400 | INR600 |
| 6 August 2021 | INR20 | – | – |
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Nuvoco Vistas IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,78,57,143 | 0.00 | 0.11 | 4.23 |
| NII | 1,33,92,858 | 0.01 | 0.04 | 0.66 |
| Retail | 3,12,50,000 | 0.30 | 0.51 | 0.72 |
| Â | Â | Â | Â | Â |
| Total | 6,25,00,001 | 0.15 | 0.29 | 1.71 |
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Nuvoco Vistas IPO Allotment Status
Nuvoco Vistas IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Nuvoco Vistas
IPO Opening Date: 9 August 2021
IPO Closing Date: 11 August 2021
Finalisation of Basis of Allotment: 17 August 2021
Initiation of refunds: 18 August 2021
Transfer of shares to demat accounts: 20 August 2021
Listing Date: 23 August 2021
Opening Price on NSE: INR485 per share (down 14.91% from IPO price)
Closing Price on NSE: INR530 per share (down 7.02% from IPO price)
