Bookbuilding IPO | ₹5,000 Cr | Listed at BSE, NSE | Mon, Aug 9, 2021 - Wed, Aug 11, 2021
Nuvoco Vistas IPO is a book build issue of ₹5,000.00 crores. The issue is a combination of fresh issue of 2.63 crore shares aggregating to ₹1,500.00 crores and offer for sale of 6.14 crore shares aggregating to ₹3,500.00 crores.
Nuvoco Vistas IPO bidding started from Aug 9, 2021 and ended on Aug 11, 2021. The allotment for Nuvoco Vistas IPO was finalized on Aug 17, 2021. The shares got listed on BSE, NSE on Aug 23, 2021.
Nuvoco Vistas IPO price band is set at ₹570 per share. The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,820 (26 shares) (based on upper price). The lot size investment for sNII is 14 lots (364 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (1,768 shares), amounting to ₹10,07,760.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Nuvoco Vistas IPO RHP for detailed Information.
IPO Open
Mon, Aug 9, 2021
IPO Close
Wed, Aug 11, 2021
Issue Price
₹570 per share
Market Cap (Pre-IPO)
₹20,357.90 Cr
| IPO Date | 9 to 11 Aug, 2021 |
| Listed on | Mon, Aug 23, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹560 to ₹570 |
| Issue Price | ₹570 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,77,19,297 shares (agg. up to ₹5,000 Cr) |
| Fresh Issue | 2,63,15,789 shares (agg. up to ₹1,500 Cr) |
| Offer for Sale | 6,14,03,508 shares of ₹10 (agg. up to ₹3,500 Cr) |
| Share Holding Pre Issue | 33,08,40,364 shares |
| Share Holding Post Issue | 35,71,56,153 shares |
| BSE Script Code / NSE Symbol | 543334 / NUVOCO |
| ISIN | INE118D01016 |
Nuvoco Vistas IPO comprises a total issue size of 8,77,19,297 shares. Out of which, 4,38,59,648 (50.00%) are allocated to QIB, 1,31,57,895 (15.00%) allocated to NII 3,07,01,754 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 4,38,59,648 | 50.00% | NA |
| − Anchor Investor Shares Offered | 2,63,15,788 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,75,43,860 | 20.00% | NA |
| NII (HNI) Shares Offered | 1,31,57,895 | 15.00% | NA |
| Retail Shares Offered | 3,07,01,754 | 35.00% | 11,80,836 |
| Total Shares Offered | 8,77,19,297 | 100.00% |
Investors can bid for a minimum of 26 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,820 |
| Retail (Max) | 13 | 338 | ₹1,92,660 |
| S-HNI (Min) | 14 | 364 | ₹2,07,480 |
| S-HNI (Max) | 67 | 1,742 | ₹9,92,940 |
| B-HNI (Min) | 68 | 1,768 | ₹10,07,760 |
Nuvoco Vistas IPO raises ₹1,500.00 crore from anchor investors. Nuvoco Vistas IPO Anchor bid date is August 6, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Aug 6, 2021 |
| Shares Offered | 2,63,15,788 |
| Anchor Portion (₹ Cr.) | 1,500.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Sep 16, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Nov 15, 2021 |
Incorporated in 1999, 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.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | repayment/prepayment/redemption, in full or part, of certain borrowings availed of by the Company. | 1,350.00 |
| 2 | General corporate purposes. | 105.04 |
The Nuvoco IPO is subscribed 1.71 times on August 11, 2021 5:01:00 PM (Day 3). The public issue subscribed 0.73 times in the retail category, 4.23 times in the QIB category, and 0.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.23 | 1,78,57,143 | 7,54,93,314 |
| NII | 0.66 | 1,33,92,858 | 88,68,782 |
| Retail | 0.73 | 3,12,50,000 | 2,26,65,396 |
| Total | 1.71 | 6,25,00,001 | 10,70,27,492 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission payable to members of the syndicate) | 92.04 |
| 2 | Selling commission and processing fees for SCSBs and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 8.52 |
| 3 | Fees payable to the Registrar to the Offer | 0.10 |
| 4 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses | 11.74 |
| 5 | Printing and stationery expenses, advertising and marketing expenses for the Offer and fees payable to the legal counsels | 29.81 |
| 6 | Other Advisors to the Offer | 3.32 |
| 7 | Miscellaneous | 2.51 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹570.00 | ₹570.00 |
| Open | ₹471.00 | ₹485.00 |
| Low | ₹471.00 | ₹485.00 |
| High | ₹550.00 | ₹550.00 |
| Last Trade | ₹531.30 | ₹531.70 |
Nuvoco Vistas IPO is a main-board IPO of 8,77,19,297 equity shares of the face value of ₹10 aggregating up to ₹5,000 Crores. The issue is priced at ₹570 per share. The minimum order quantity is 26.
The IPO opens on Mon, Aug 9, 2021, and closes on Wed, Aug 11, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nuvoco Vistas IPO using UPI as a payment gateway. Zerodha customers can apply in Nuvoco Vistas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nuvoco Vistas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nuvoco Vistas IPO opens on Mon, Aug 9, 2021 and closes on Wed, Aug 11, 2021.
Nuvoco Vistas IPO lot size is 26, and the minimum amount required for application is ₹14,820.
You can apply in Nuvoco Vistas IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nuvoco Vistas IPO will be done on Tuesday, August 17, 2021, and the allotted shares will be credited to your demat account by Fri, Aug 20, 2021. Check the Nuvoco Vistas IPO allotment status.
The Nuvoco Vistas IPO listing date is on Mon, Aug 23, 2021.
