Everything You Need to Know About the Nuvoco Vistas Corporation Ltd. IPO

Nuvoco Vistas Corporation Ltd. is one of the largest cement and concrete manufacturers in India. Its business portfolio includes cement, ready-mix concrete (RMX), and modern building materials. The company has 11 cement plants in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India along with 49 RMX plants across the country. It sells its products through the trade segment, which mainly caters to individual home buyers, and the non-trade segment, which is mainly via direct sales to institutional and bulk buyers and has a distribution network of 16,076 dealers and 244 CFAs.

Nuvovo Vistas is part of the Nirma Group, a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products, and real estate development.

The public offer of the company comprises a fresh issue of equity shares aggregating up to Rs. 1,500 crores and an offer for sale of equity shares aggregating up to Rs. 3,500 crores from selling shareholders, valuing the IPO at Rs. 5,000 crores.

Financial Snapshot:

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2019 7,105.89 -26.49 -1.09
March 2020 6,829.94 249.26 10.28
March 2021 7,522.69 -25.92 -0.82

For more information, you can check out the IPO Prospectus filed by the company.

IPO Details:

Issue Period 9th August 2021 to 11th August 2021
Price Range ₹ 560 to 570
Minimum Bid Quantity 26 and in multiples thereof
Finalisation of Allotment 17th August 2021
Initiation of Refunds 18th August 2021
Credit of Shares 20th August 2021
Listing Date 23rd August 2021
Mandate End Date 30th August 2021

How do I apply to the Nuvoco Vistas IPO?

You can apply for the Nuvoco Vistas IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check Nuvoco Vistas Allotment Status?

You can check the allotment status for the Nuvoco Vistas IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.