Nuvoco Vistas Corp.Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 43,859,648 (50%) | — | ₹250,000 Cr |
| NII (HNI) | — | 13,157,895 (15%) | — | ₹75,000 Cr |
| Retail | — | 30,701,754 (35%) | — | ₹175,000 Cr |
| Σ Total | — | 87,719,297 (100%) | — | ₹5,000,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 26 | ₹14,820 |
| Retail (Max) | 13 | 338 | ₹192,660 |
| S-HNI (Min) | 14 | 364 | ₹207,480 |
| B-HNI (Min) | 67 | 1,742 | ₹992,940 |
Financial Statements Amount in Crore
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 7,523 | 6,830 | 7,106 |
| Profit After Tax | 26 | 249 | 26 |
| Total Assets | 19,908 | 13,444 | 13,262 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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
- Largest cement manufacturer in East India in terms of total capacity.
- Strategically located cement plants with close proximity to key markets.
- Strong brand recognition and a large distribution network.
- Experienced promoters and managers team.