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IPO Status: Listed [9th Aug 2021 to 11th Aug 2021]
Nuvoco Vistas, one of the largest cement companies in India is coming up with an IPO of Rs. 5,000 Cr. IPO opens for subscription on 9 August and closes on 11 August. The price band is fixed at Rs. 560-570, the floor price is 56 times and cap price is 57 times the face value of Rs. 10. IPO lot size (minimum order quantity) is 26 shares and multiples of it. Stay updated to get a complete update about the Nuvoco Vistas Corporation IPO including business overview, financials, issue size, strengths, weaknesses, GMP, live subscription, allotment, and recommendations.
| IPO Issue Opening Date: | 9th Aug 2021 |
| IPO Issue Closing Date: | 11th Aug 2021 |
| IPO Issue Price: | ₹560-570 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 50 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹5000 Cr |
| Offer for Sale: | ₹3,500 Cr |
| Fresh Issue: | ₹1,500 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | NA |
| Promoter Holding Pre IPO: | 95.24% |
| Promoter Holding Post IPO: | 71.03% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543334 |
| NSE Code: | NUVOCO |
Get important updates regarding Nuvoco Vistas Corporation IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 17th Aug 2021 |
| Refunds Initiation* | 18th Aug 2021 |
| Credit of Shares to Demat* | 20th Aug 2021 |
| IPO Listing Date* | 23rd Aug 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹560-570 |
| Market Lot: | 26 Shares |
| 1 Lot Amount: | ₹14820 |
| Min Small HNI Lots(2-10 Lakh): | 364 shares(14 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-08-2021 | 570 | -12 | -- | ₹558 (-2.11%) | 23-Aug-2021 20:40 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Nuvoco Vistas Corporation Limited is the 5th largest cement company in East India in terms of production capacity and among the leading ready-mix concrete (RMX) manufacturers in India. It is a part of Nirma Group, a diversified conglomerate company that manufactures products from chemicals to soaps, healthcare, detergents, etc. The company provides 50+ products across cement, RMX, and modern building materials. The firm distributes its products through the trade segment (individual home buyers), and the non-trade segment i.e. direct sales to institutional and bulk buyers.
It has cement plants located in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India. The company has a total of 11 cement plants with 8 plants in East India and 3 in North India while RMX Plants are located across India. As of December 31, 2020, Nuvoco Vistas has cement plants with an aggregated installed capacity of 22.32 MMTPA.
| Incorporation | Sector | IPO Issue Size | Website |
| 1999 | Cement | ₹5000 Cr | http://www.nuvoco.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 17,857,143 (28.57%) | 13,392,858 (21.43%) | 31,250,000 (50%) | 62,500,001 | |
| 1 | 9th Aug 2021 17:02 | 0.00x | 0.01x | 0.31x | 0.16x |
| 2 | 10th Aug 2021 17:02 | 0.11x | 0.04x | 0.51x | 0.29x |
| 3 | 11th Aug 2021 17:03 | 4.23x | 0.66x | 0.73x | 1.71x |
| Nuvoco Vistas Corporation Ltd Financials | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 | 31-Mar-2018 |
|---|---|---|---|---|
| Total Assets | ₹19,907.57 Cr | ₹13,444.32 Cr | ₹13,261.70 Cr | ₹13,3037.82 CrCr |
| Total Income | ₹7,522.69 Cr | ₹6,829.94 Cr | ₹7,105.89 Cr | ₹6,911.72 Cr |
| Net Profit/Loss | ₹(25.92) Cr | ₹249.26 Cr | ₹(26.49) Cr | ₹87.54 Cr |
Last Updated on 27-Sep-2021 10:51:07
