Nuvoco Vistas Corporation IPO
Nuvoco Vistas Corporation IPO — date, price band, lot size & details 2021
Nuvoco Vistas Corporation listed on 23 Aug 2021 at ₹485, 14.9% below the ₹570 issue price.
Nuvoco Vistas, part of the Nirma group, makes cement, ready-mix concrete and building materials, and is the largest cement maker in East India by capacity. Its total income was Rs 7,522.69 crore in FY2021.
Stock price
Nuvoco Vistas Corporation is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 09 Aug 2021
- Close 11 Aug 2021
- Allotment 17 Aug 2021
- Refund/credit 18 Aug 2021
- Listing 23 Aug 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 11 Aug, 2021 |
|---|---|
| Price Band | ₹560 – ₹570 |
| Face Value | ₹10 |
| Lot Size | 26 Shares |
| Issue Size | ₹5000 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,820 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 26 shares at the ₹570 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 26 | ₹14,820 |
| Retail (max) | 13 | 338 | ₹1,92,660 |
| S-HNI (min) | 14 | 364 | ₹2,07,480 |
| S-HNI (max) | 67 | 1,742 | ₹9,92,940 |
| B-HNI (min) | 68 | 1,768 | ₹10,07,760 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It is the largest cement maker in East India by capacity, with 22.32 MMTPA installed.
- 02Total income rose from Rs 6,829.94 crore in FY2020 to Rs 7,522.69 crore in FY2021.
- 03EBITDA rose from Rs 971.44 crore in FY2019 to Rs 1,494.35 crore in FY2021.
- 04Rs 1,350.00 crore of the fresh issue was planned for repaying debt.
- 05It has a wide sales network of 15,969 dealers.
Risks · 6
- 01The company made a loss of Rs 25.92 crore in FY2021 and Rs 26.49 crore in FY2019.
- 02Total borrowing rose from Rs 4,463.27 crore on 31 March 2020 to Rs 7,642.00 crore on 31 March 2021.
- 03Rs 3,500.00 crore of the Rs 5,000 crore issue was offer for sale by the promoter, so most of the money did not reach the company.
- 04The source shows a negative P/E, with pre-issue EPS of minus Rs 0.78.
- 05Cement demand and prices are cyclical, and most of its 22.32 MMTPA of capacity is in East India.
- 06Promoters and the promoter group held 95.24% before the issue and 71.03% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Nuvoco Vistas Corporation offer document.
| Metric | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 19,907.57 | 13,444.32 | 13,261.70 |
| Total Income | 7,522.69 | 6,829.94 | 7,105.89 |
| Profit After Tax | -25.92 | 249.26 | -26.49 |
| EBITDA | 1,494.35 | 1,333.85 | 971.44 |
| NET Worth | 7,323.72 | 5,279.26 | 4,988.27 |
| Reserves and Surplus | 7,008.63 | 5,036.89 | 4,788.27 |
| Total Borrowing | 7,642.00 | 4,463.27 | 4,625.89 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Nuvoco Vistas Corporation RHP.
Where the money goes
₹1,455.04 Cr of the issue is earmarked to named objects.
About the company
It sells cement, ready-mix concrete and modern building materials such as adhesives, wall putty, dry plaster and cover blocks. Sales go to individual home buyers through the trade segment and to institutional and bulk buyers.
Its cement plants are in West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and in Rajasthan and Haryana in North India, with installed capacity of 22.32 MMTPA. It sells through 15,969 dealers and 225 CFAs.
The IPO was Rs 5,000 crore, with Rs 1,500.00 crore of fresh issue and Rs 3,500.00 crore of offer for sale by promoter Niyogi Enterprise. Rs 1,350.00 crore of the fresh issue was planned for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Nuvoco Vistas Corporation IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
HSBC Securities & Capital Markets (India) Pvt. Ltd.
15 issues handledBest listing: Tenneco Clean Air India (+27.2%). Weakest: IRFC (-4.2%).
SBI Capital Markets Ltd.
37 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
71 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
JP Morgan India Pvt. Ltd
6 issues handledBest listing: Anthem Biosciences (+26.9%). Weakest: Lodha Developers (-10.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Nuvoco Vistas Corporation?
The current Grey Market Premium is ₹0.
What is the Nuvoco Vistas Corporation IPO price band?
₹560 to ₹570, on a face value of ₹10.
When is the allotment?
The basis of allotment is 17 August 2021, with listing on 23 August 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
