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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 ₹570.00 per share . The lot size for an application is 26. The minimum amount of investment required by an retail is ₹14,560 (26 shares). 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 Date | August 9, 2021 to August 11, 2021 |
| Listing Date | August 23, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹560 to ₹570 per share |
| Issue Price Final | ₹570 per share |
| Lot Size | 26 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 8,77,19,297 shares (aggregating up to ₹5,000.00 Cr) |
| Fresh Issue | 2,63,15,789 shares (aggregating up to ₹1,500.00 Cr) |
| Offer for Sale | 6,14,03,508 shares of ₹10 (aggregating up to ₹3,500.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 33,08,40,364 shares |
| Share Holding Post Issue | 35,71,56,153 shares |
Nuvoco IPO offers total 8,77,19,297 shares. Out of which 4,38,59,648 (50.00%) allocated to QIB, 1,75,43,860 (20.00%) allocated to QIB, 1,31,57,895 (15.00%) allocated to NII, 3,07,01,754 (35.00%) allocated to RII and 2,63,15,788 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Nuvoco Vistas IPO opens on August 9, 2021, and closes on August 11, 2021.
| IPO Open Date | Mon, Aug 9, 2021 |
| IPO Close Date | Wed, Aug 11, 2021 |
| Tentative Allotment | Tue, Aug 17, 2021 |
| Initiation of Refunds | Wed, Aug 18, 2021 |
| Credit of Shares to Demat | Fri, Aug 20, 2021 |
| Tentative Listing Date | Mon, Aug 23, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 11, 2021 |
Investors can bid for a minimum of 26 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 1,99,075.70 | 134,443.22 | 132,617.03 | ||
| Total Revenue | 75,226.93 | 68,299.44 | 71,058.88 | ||
| Profit After Tax | (259.19) | 2,492.55 | (264.88) | ||
The Company Nuvoco Vistas IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Considering mega spending for infra developments including affordable housing plans afoot, demand for cement is going to be high and thus, this 5th mega player in the segment is poised for bright prospects. NVCL’s current debt is around Rs. 6887 cr. which will be reduced by Rs. 1350 cr. from IPO proceeds, still it will have over Rs. 5537 cr. outstanding. On the current financial parameters, its P/E is unascertainable, but the image of Nirma group and the bright scope going forward makes this IPO a pure long term story for cash surplus investors. Read detail review...
| Listing Date | August 23, 2021 |
| BSE Script Code | 543334 |
| NSE Symbol | NUVOCO |
| ISIN | INE118D01016 |
| Final Issue Price | ₹570 per share |
| BSE Listing Group | B |
Nuvoco Vistas Corp.Ltd.
Equinox Business Park, Tower 3, East Wing,
4th Floor, LBS Marg, Kurla (West),
Mumbai - 400 070
Mumbai, Maharashtra
Phone: +91 22 6769 2500
Email: investor.relations@nuvoco.com
Website: https://nuvoco.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: nuvoco.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Nuvoco Vistas IPO is a main-board IPO of 8,77,19,297 equity shares of the face value of ₹10 aggregating up to ₹5,000.00 Crores. The issue is priced at ₹570 per share. The minimum order quantity is 26.
The IPO opens on August 9, 2021, and closes on August 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 August 9, 2021 and closes on August 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 Friday, August 20, 2021. Check the Nuvoco Vistas IPO allotment status.
The Nuvoco Vistas IPO listing date is on Monday, August 23, 2021.
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