Nuvoco Vistas Corporation Ltd. IPO
Nuvoco Vistas Corporation Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹570
Issue Price
Listing Price
₹471
Listing Price
Listing Gains
-₹99.00 (-17.37%)
Listing Gains
IPO Details
Bidding Dates
09 Aug - 11 Aug '21
Bidding Dates
Min. Investment
₹14,560
Min. Investment
Lot Size
26.00
Lot Size
Price Range
₹560 - ₹570
Price Range
Issue Size
4,912 Cr
Issue Size
Subscription Rate
- Retail Individual Investor0.73x
- Non-Institutional Investor0.66x
- Qualified Institutional Buyers4.23x
- Employees0.00x
About Company
Responsible for manufacturing cement, Nuvoco Vistas falls under the Nirma Group. Its capacity for production each year amounts to 22.32 million metric tonnes which are available each year. The company boasts of 11 cement plants under its belt that comprise of 5 well integrated units, 1 blending unit and five grinding units. The manufacturing units of Nuvoco Vistas are spread across the states of Haryana, Rajasthan, Chhattisgarh, West Bengal and Jharkhand.
Nuvoco Vistas Corporation Ltd. IPO Latest News and Subscription Status Today (Live)
Nuvoco Vistas IPO details are as follows.
The Nuvoco Vistas IPO dates fell between August 9, 2021 and August 11 2021.
The Nuvoco Vistas Corporation Limited share price for each individual share fell in the range of INR 560 to INR 570.
The market lot size of this IPO amounted to 26 shares. Retail individual investors were entitled to apply for up to 13 lots. This meant that a retail individual investor could hold at most 338 shares amounting to INR 192,660.
Why should you invest in Nuvoco Vistas Corporation Ltd. IPO?
Investments made in the Nuvoco Vistas IPO would be directed towards the repayment, prepayment, and redemption of borrowings made by the firm partially, if not in their entirety. Funds raised would also be directed towards generic corporate uses.
Having been operational since 1999, Nuvoco Vistas has over 20 years of experience in the industry within which it operates. This signifies its potential for further growth.
Nuvoco Vistas Corporation Ltd. IPO - SWOT Analysis
Strengths:
Its network of distribution is strong and is made up of 15,969 dealers along with 225 CFAs
Nuvoco Vistas is recognized as eastern India’s largest cement manufacturer, taking into account its total capacity.
Its cement plants are strategically located close to prominent markets.
Its brand is well recognized, and the company’s distribution network is vast.
Weaknesses:
The company hasn’t sufficiently utilized its manufacturing capabilities or expanded upon them thus far.
Repayment and associated terms of financing agreements Nuvoco Vistas has entered into have not been complied with.
The company has not complied with changes made to laws pertaining to the environment, health or safety.
Opportunities:
The innovative bent of the company, which emphasizes the development of a comprehensive range of products, can be used to enhance the growth of Nuvoco Vistas.
Threats:
The industry within which Nuvoco Vistas operates is highly competitive.
The manufacturing activities that Nuvoco Vistas is involved with deal with hazardous substances that bring operational hazards and risks.
How to apply for Nuvoco Vistas Corporation Ltd. IPO?
You can apply for the Nuvoco Vistas Corporation Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
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