Nuvoco Vista is a part of the Nirma group company which got incorporated in the year 1999. Moreover, they are the leading manufacturers of cement companies in India. In terms of volume, the company considers being the largest cement company in East India. Nuvoco Vista IPO unlocks today i.e. 9th August 2021 and will shut on 11th August 2021.
Furthermore, the Nirma group of companies offers diversified products ranging from RMX (Ready-Mix Concrete), cement, modern building constituents i.e. wall putty, adhesives, cover blocks, and many more.
The company is engaged in selling its products to institutional, bulk, and individual home-buyers.
Moreover, the company has a robust and sturdy distribution network with 225 CFAs and 15,969 dealers. Furthermore, the company has a number of manufacturing plants situated in the states of Chhattisgarh, Odisha, West Bengal, Jharkhand, Bihar, Haryana, and Rajasthan with an installed storage capacity.
Let’s have a detailed view of Nuvoco Vista IPO:
Promoters of the Company
Dr. Karsanbhai K Patel and Niyogi Enterprises Pvt. Ltd are the promoters of the company.
Issuance of Shares
Issue size: Rs. 5000 crore
Face value: Rs.10
Listing At: BSE & NSE
The Objective of the Issuance of Shares
- To meet general corporate purposes.
- To repay or pre-pay company’s borrowings wholly or partially.
IPO Share Price
The company decides the price bracket at Rs.560-570 per equity share.
Retailers Reserved Lot size
Up to 13 lots i.e. 338 shares which makes a total of Rs. 192,660 are valid for subscription, in the case of the retail individual investors.
IPO Opening and Closing date
Nuvoco Vista IPO is ready to unlock for 3 days i.e. from 9th August 2021 to 11th August 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 26 shares. Therefore, an investor should subscribe for a minimum count of 26 shares only.
Allotment of Shares
The allotment of shares will be done on 17th August 2021 and the shares allotted will be transferred to your Demat account by 20th August 2021.
IPO listing date
The IPO listing date of Nuvoco Vista is yet to decide. Moreover, the expected date may be 23rd August 2021.
Trendy Analysis
Nuvoco Vista is a prominent and fifth-largest company in cement manufacturing. Looking into the financial prospects, the company has a growth prospect and a positive outlook in a long-term horizon. Therefore, a must-buy subscription for listing gains.