Nuvoco Vistas Corporation IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About Nuvoco Vistas Corporation
- Important Details – Nuvoco Vistas Corporation
- Objects of the Issue
- Nuvoco Vistas Corporation Limited Financials:
- Nuvoco Vistas Corporation IPO Price – Details
- Nuvoco Vistas Corporation IPO DRHP & RHP
- Nuvoco Vistas Corporation IPO Lot Size
- Nuvoco Vistas Corporation IPO Lead Managers
- Nuvoco Vistas Corporation Registrar
- Nuvoco IPO Allotment Date, Listing Date and other Important Dates
- Company Registered and Corporate Office
- Company Promoters
- Nuvoco Vistas Corporation IPO – FAQS
About Nuvoco Vistas Corporation
Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. As of December 31, 2020, the 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, and Nuvoco Vistas is one of the leading ready-mix concrete manufacturers in India
Nuvoco Vistas is promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group. The Nirma Group is a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products, and real estate development.
The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. Thereafter, as a part of the Nirma Group have grown the cement businesses, through acquisitions such as the acquisition of the Indian cement business of LafargeHolcim in 2016 and in 2020 by acquiring NU Vista. Earlier, in February 2020, the company completed the merger of the cement undertaking of Nirma Limited located at Nimbol, Rajasthan with the Company.
As of March 31, 2021, Nuvoco Vistas Corporation has 11 Cement Plants (eight in East India and three in North India). The Cement Plants are in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India, while the RMX Plants are located across India.
As of March 31, 2021, The Cement Plants have an installed capacity of 22.32 MMTPA. Three of the plants in East India are integrated units and five plants are grinding units. Two of the plants in North India are integrated units and the third is a blending unit. The company has waste heat recovery systems at all the integrated plants with a total capacity of 44.7 MW, solar power plants with a total capacity of 1.5 MW, and captive power plants with generation capacity of 105 MW. As of March 31, 2021, these generate 50.43% (on a proforma basis) of the total power requirements.
Important Details – Nuvoco Vistas Corporation
| Date | Details |
|---|---|
| Feb 8, 1999 | The company was originally incorporated on as a private limited company with the name “Infra Cement India Private Limited” in Mumbai. |
| May 25, 1999 | The name of the company was changed to “Lafarge India Private Limited” |
| Nov 2, 1999 | The company became a deemed public limited company |
| April 16, 2003 | The status of the company was changed from deemed public limited company to private limited company |
| Feb 26, 2016 | The company was once again converted to a public limited company resulting in the change of name to “Lafarge India Limited” |
| March 8, 2017 | The name of the company was changed to “Nuvoco Vistas Corporation Limited” |
Objects of the Issue
- repayment/prepayment/redemption, in full or part, of certain borrowings availed of by the Company; and
- General corporate purposes.
Nuvoco Vistas Corporation Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,99,075.70 | 1,34,443.22 | 1,32,617.03 |
| Total income | 7 5,226.93 | 68,299.44 | 71,058.88 |
| Profit After Tax | (259.19) | 2,492.55 | (264.88) |
Nuvoco Vistas Corporation IPO Price – Details
| Description | Nuvoco IPO Details |
|---|---|
| Public Issue | Initial Public offer of [.] Equity Shares aggregating upto Rs.5000 crore comprising a Fresh Issue of up to Rs. 1500 crore and an Offer for Sale of up to Rs. 3500 crore |
| Issue Open Date | 09-Aug-21 |
| Issue Close Date | 11-Aug-21 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 560 – ₹ 570 |
| Face Value | ₹ 10 |
| Market Lot | 26 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 26 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | NUVOCO |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Nuvoco Vistas Corporation IPO DRHP & RHP
Nuvoco Vistas Corporation IPO DRHP
Nuvoco Vistas Corporation IPO RHP
Nuvoco Vistas Corporation IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 26 | ₹ 14,820 |
| Maximum | 13 | 338 | ₹ 1,92,660 |
Nuvoco Vistas Corporation IPO Lead Managers
- ICICI Securities Limited
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- J.P. Morgan India Private Limited
- SBI Capital Markets Limited
Nuvoco Vistas Corporation Registrar
Nuvoco IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 09-Aug-21 |
| Bid / Offer Closes on | 11-Aug-21 |
| Finalisation of Basis of Allotment | 17-Aug-21 |
| Initiation of refunds | 18-Aug-21 |
| Credit of the Equity Shares | 20-Aug-21 |
| Commencement of trading – Listing | 23-Aug-21 |
Company Registered and Corporate Office
Equinox Business Park,
Tower 3, East Wing, 4th Floor,
LBS Marg, Kurla (West),
Mumbai – 400 070,
Maharashtra, India;
Tel: +91 22 6769 2500
Company Promoters
- Niyogi Enterprises Pvt Ltd and
- Dr. Karsanbhai K Patel
Nuvoco Vistas Corporation IPO – FAQS
When Nuvoco IPO will open?
The Nuvoco Vistas Corporation IPO opens on Aug 09, 2021, and closes on Aug 11, 2021
What is the lot size of Nuvoco Vistas Corporation IPO?
The Nuvoco Vistas Corporation IPO lot size is 26 Shares and the minimum order quantity is 26 Shares.
What is the price band for Nuvoco IPO?
The Nuvoco IPO price band at ₹ 560 – ₹ 570 per share
Who is the Registrar for Nuvoco IPO?
The Registrar is Link Intime India Private Limited
How to apply in Nuvoco Vistas Corporation IPO through UPI?
Check the step by step process here – Click here
Follow us on Telegram for all latest updates