Nuvoco Vistas IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Nuvoco Vistas IPO release date, IPO offer price, subscription, Nuvoco Vistas Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 560 to Rs 570 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 26 Shares |
| Listing Date | Aug 23, 2021 |
| Offer for Sale | Rs.35,000 Million |
| Fresh Issue | Rs.15,000 Million |
| IPO Size | Rs.50,000 Million |
| Tick Size | 1 |
Nuvoco Vistas IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Nuvoco Vistas IPO – Summary
They are the fifth largest cement company in India and the largest cement company in East India in terms of capacity. (Source: CRISIL Report). As of December 31, 2020, their 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 they are one of the leading ready-mix concrete manufacturers in India.
The Promoter of this company is Dr. Karsanbhai K. Patel. The lead manager to the issue is ICICI Securities Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, SBI Capital Markets Limited, and the Registrar to this issue is Link Intime India Private Limited.
Nuvoco Vistas IPO Date
The opening and the closing date of the IPO of Nuvoco Vistas Limited are Aug 9, 2021, and Aug 11, 2021, respectively.
Check out Related IPO Links:
| Nuvoco Vistas IPO GMP |
| Allotment – Nuvoco Vistas IPO |
Nuvoco Vistas IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 09 August | 0.00x | 0.01x | 0.31x | 0.16x |
| 2nd Day – 10 August | 0.11x | 0.04x | 0.51x | 0.29x |
| 3rd Day – 11 August | 4.23x | 0.66x | 0.73x | 1.71x |
| Shares Offered or Net Issue | 17,857,143 | 13,392,858 | 31,250,000 | 62,500,001 |
The shares subscribed by the public will be updated here.
Check Nuvoco Vistas IPO LIVE Subscription
- Nuvoco IPO LIVE Bid details on BSE
- Nuvoco IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Nuvoco Vistas IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Nuvoco Vistas Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 17, 2021 |
| Refunds Initiation | Aug 18, 2021 |
| Credit of Shares to Demat Account | Aug 20, 2021 |
| Share Listing Date | Aug 23, 2021 |
Nuvoco Vistas IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.Rs 560 to Rs 570
Nuvoco Vistas IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.Rs 560 to Rs 570 per equity share aggregating to Rs. 50,000 Million
Nuvoco Vistas IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.50,000 Million
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Nuvoco Vistas IPO – Live Performance
The listing date of this IPO is Aug 23, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Nuvoco Vistas Share Price |
Nuvoco Vistas IPO Grey Market Premium
The Nuvoco Vistas Limited IPO Grey Market Premium price is Rs 0, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Nuvoco Vistas IPO – Company Overview
Their 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 their RMX Plants are located across India. As of December 31, 2020, their Cement Plants have an installed capacity of 22.32 MMTPA
The company has eight Cement Plants located in East India and three in North India. Three of their plants in East India are integrated units and five plants are grinding units.
They are the fastest-growing cement company in terms of capacity addition on percentage terms with installed capacity doubling over the last five years post the acquisition of NU Vista.
Nuvoco Vistas IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 1,99,075.70 | 1,34,443.22 | 1,32,617.03 |
| *Total Revenue | 75,226.93 | 68,299.44 | 71,058.88 |
| Total Expense | 74,861.55 | 64,431.93 | 70,892.87 |
| Profit After Tax | (259.19) | 2,492.55 | (264.88) |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | (0.82) | 10.28 | (1.09) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (259.19) Million, Rs. 2,492.55 Million and Rs. (264.88) Million respectively.
Nuvoco Vistas IPO – Promoters
The Promoter of this company is:
- Dr. Karsanbhai K. Patel
List of Related Parties (Key Managerial Personnel)
- Mr. Joydeep Chatterjee, Managing Director.
- Mr. Maneesh Agrawal, Chief Financial Officer.
- Mrs. Shruta Sanghavi, Company Secretary.
- Mr. Sanjay Joshi, Chief Manufacturing Officer.
Nuvoco Vistas IPO – Promoters Holding
- Pre Issue Share Holding – 95.24%
- Post Issue Share Holding -71.03%
Nuvoco Vistas IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.50,000.00 Million |
| of which: | |
| Fresh Issue | Up to [●] Equity Shares aggregating up to Rs.15,000.00 Million |
| Offer For sale | Up to [●] Equity Shares aggregating up to Rs.35,000.00 Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Nuvoco Vistas IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Nuvoco Vistas IPO – Business Strategy
- Focus on Consultancy Business and spreading awareness about carbon neutrality
- Increase the use of technology to improve operational efficiency
- Expanding their customer base
Nuvoco Vistas IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance, timely payment, and delivery
- Broad customer base and strong relationships with their customers
- Multiple Business verticals under one roof
- The qualified management team and employee base
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.82) | (0.35) | 232.43 |
| 31-Mar-20 | 10.28 | 4.72 | – |
| Mar-19 | (1.09) | (0.53) | – |
Nuvoco Vistas IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Nuvoco Vistas Limited | 10 | [●] | (0.82) | (0.35) | 75,226.93 |
| Listed Peers | |||||
| Ultratech Cement Limited |
10 | 38.62 | 189.33 | 12.36 | 454,599.70 |
| Shree Cement Limited |
10 | 44.26 | 633.54 | 14.82 | 139,426.60 |
| Ambuja Cement Limited |
2.00 | 32.40 | 11.91 | 10.68 | 249,657.60 |
| ACC Limited | 10.00 | 28.31 | 75.98 | 11.26 | 140,027.20 |
Nuvoco Vistas IPO Lead Managers
| 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 IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L. B. S. Marg, Vikhroli West Mumbai – 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: nuvoco.ipo@linkintime.co.in Investor grievance E-mail: nuvoco.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No: INR000004058 |
Nuvoco Vistas IPO – Other Details
- Statutory Auditor – Nitin Pota & Associates
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – 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 IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Nuvoco Vistas Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Nuvoco Vistas IPO Review FAQs
Ques – What is the Issue Size of Nuvoco Vistas IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Nuvoco Vistas IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Nuvoco Vistas IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 9, 2021, while the closing date is set at Aug 11, 2021.
Ques – What is the Nuvoco IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 17, 2021, refund initiation is on Aug 18, 2021, credit of shares is on Aug 20, 2021, and share listing date is on Aug 23, 2021.
Ques – What is the Nuvoco Vistas IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Aug 23, 2021. The date, when the listing would be done, is stagnant on Aug 23, 2021.
Ques – Who is the Registrar of Nuvoco IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Nuvoco IPO?
Answer – Here are the promoters of this IPO – Dr. Karsanbhai K. Patel. You can refer to the RHP for further information on the promoter. You will find the link to DRHP in the article.
Ques – What is GMP of Nuvoco Vistas IPO?
Answer – We have obtained the GMP of this IPO and it is Rs 0. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Nuvoco IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Nuvoco Vistas?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (259.19) Million, Rs. 2,492.55 Million and Rs. (264.88) Million respectively.
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