Nuvoco Vistas Corporation Ltd IPO
MainboardCement & Construction
Listed On: Aug 23, 2021 at ₹ 485.0(NSE)
₹ 14820 /26 Shares
Check Allotment09 Aug, 2021
Open Date11 Aug, 2021
Close Date17 Aug, 2021
Allotment Date23 Aug, 2021
Listing DatePrice Summary
Last Closing
414.15 (-27.34%)52 Week High
477.5052 Week Low
287.05Last Update
24-Oct-2025 3:30 PMIPO Issue Details
- Issue Price ₹560-570 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Total Equity Shares 8,77,19,298 aggregating up to ₹5,000.00/- Cr
# Fresh Issue: 2,63,15,789 Equity Shares aggregating up to ₹1,500.00/- Cr
# Offer for Sale: 6,14,03,508 Equity Shares aggregating up to ₹3,500.00/- Cr - Listing at BSE, NSE
- List Price 485.0(NSE)
- Listing Date 2021-08-23
- Lead Manager Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion 35%
IPO Details
The IPO of is priced at ₹560-570 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Aug 9, 2021 and ends on Aug 11, 2021. The allotment for IPO will be finalized on Aug 17, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 23, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited.
The IPO sets its price band at 560-570 for each share. A single application for Nuvoco Vistas Corporation Ltd IPO must contain at least 26 shares.
IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 178,57,143 | 133,92,858 | 312,50,000 | 625,00,001 |
Day 1 09-08-21 05:00 PM | 0.00 x | 0.01 | 0.30 x | 0.15 x |
Day 2 10-08-21 05:00 PM | 0.10 x | 0.04 | 0.51 x | 0.29 x |
Day 3 11-08-21 05:00 PM | 4.23 x | 0.66 | 0.73 x | 1.71 x |
Valuations
Company Financials
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
|---|---|---|---|---|
| Assets | 19,597.97 | 13,444.32 | 13,261.70 | 13,303.78 |
| Revenue | 4,879.43 | 6,829.94 | 7,105.88 | 6,911.71 |
| Profit After Tax | (63.45) | 249.25 | (26.48) | 87.54 |
About Company
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.
- Promoter(s)
Niyogi Enterprises Pvt Ltd
Dr. Karsanbhai K Patel
Pre Issue Share Holding : 95.24%
Post Issue Share Holding : 71.03%
IPO - Issue Objectives
To repay/prepay/redeem borrowings availed by the firm fully or partially.
General corporate purposes.
IPO - Anchor Investors
Nuvoco Vistas Corporation mops up Rs 1,500 crore from anchor investors ahead of IPO
Stichting Depositary APG Emerging Markets Equity Pool, Carmignac Portfolio, Signature Emerging Markets Fund, Emerging Markets Equity Pool, Mirae Asset, AB ARYA Partners Fund, Best Investment Corporation Principal Trustee, Societe Generale, Torq Asia, Morgan Stanley Asia, CLSA, Copthall Mauritius, Segantii India and Elara India Opportunities Fund are among marquee investors who participated in the anchor book.
Domestic investors such as SBI Mutual Fund, ICICI Prudential, Franklin India Pharma Fund, Nippon Life, Axis Mutual Fund, IDFC Mutual Fund, Tata Mutual Fund, Edelweiss, BNP Paribas, Baroda Mutual Fund, Max Life Insurance, and HDFC Life also invested in the company.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Nuvoco Vistas Corporation Limited | 2.45 | (885.51) | (0.35)% | 7,522.69 |
| Ultratech Cement Limited | 4.87 | 40.11 | 12.32% | 42,772.60 |
| Shree Cement Limited | 6.63 | 44.24 | 15.16% | 13,142.79 |
| Ambuja Cement Limited | 3.77 | 33.07 | 10.12% | 24,965.76 |
| ACC Limited | 3.19 | 30.13 | 13.05% | 14,002.72 |
IPO - FAQs
Ans. Nuvoco Vistas Corporation Ltd IPO is a Mainboard IPO. The issue is priced at ₹560-570 per equity 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.
Ans. The Nuvoco Vistas Corporation Ltd IPO opens on Aug 9, 2021 and closes on Aug 11, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Nuvoco Vistas Corporation Ltd IPO is Total Equity Shares 8,77,19,298 aggregating up to ₹5,000.00/- Cr # Fresh Issue: 2,63,15,789 Equity Shares aggregating up to ₹1,500.00/- Cr # Offer for Sale: 6,14,03,508 Equity Shares aggregating up to ₹3,500.00/- Cr.
Ans. The Nuvoco Vistas Corporation Ltd IPO price band is set between ₹560-570 per equity share.
Ans. To apply for Nuvoco Vistas Corporation Ltd IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Nuvoco Vistas Corporation Ltd IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Nuvoco Vistas Corporation Ltd IPO is Aug 17, 2021.
Ans. The Nuvoco Vistas Corporation Ltd IPO will be listed on Aug 23, 2021.
Ans. Follow the steps to check the Nuvoco Vistas Corporation Ltd IPO allotment status online.
