HomeIPONuvoco Vistas Corporation Limited IPO Details

Nuvoco Vistas Corporation Limited IPO Details

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Nuvoco Vistas Corporation IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

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

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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

DateDetails
Feb 8, 1999The company was originally incorporated on as a private limited company with the name “Infra Cement India Private Limited” in Mumbai.
May 25, 1999The name of the company was changed to “Lafarge India Private Limited”
Nov 2, 1999The company became a deemed public limited company
April 16, 2003The status of the company was changed from deemed public limited company to private limited company
Feb 26, 2016The company was once again converted to a public limited company resulting in the change of name to “Lafarge India Limited”
March 8, 2017The name of the company was changed to “Nuvoco Vistas Corporation Limited”

Objects of the Issue

  1. repayment/prepayment/redemption, in full or part, of certain borrowings availed of by the Company; and
  2. 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

DescriptionNuvoco IPO Details
Public IssueInitial 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  Date09-Aug-21
Issue Close Date11-Aug-21
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolNUVOCO
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Nuvoco Vistas Corporation IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum126 ₹ 14,820
Maximum13338 ₹ 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

DetailsDate
Bid / Offer Opens on09-Aug-21
Bid / Offer Closes on11-Aug-21
Finalisation of Basis of Allotment17-Aug-21
Initiation of refunds 18-Aug-21
Credit of the Equity Shares20-Aug-21
Commencement of trading – Listing23-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

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