Nuvoco Vistas IPO GMP, Share Price, Dates, Review, and more (Nirma Group)

Nirma Group is back in the Stock Market with Nuvoco Vistas IPO of Rs 5000 crores. Get to know the latest Nuvoco Vistas IPO Grey Market Premium, Share Price, Dates, Review, and more.

by FighterMan Updated: 16 Aug, 2021, 15:07 IST
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The latest addition to this IPO season is the Nuvoco Vistas IPO. This Mumbai-based company is into cement manufacturing. Its cement plants are in West Bengal, Bihar, Odisha, Chhattisgarh, Rajasthan, Haryana, and Jharkhand. Moreover, it gets 4.2% of total cement manufactured in India, 17% in East India, and 5% in North India (as of Dec’20). The Nuvoco IPO will raise a mammoth Rs 5000 crore from this issue.

nuvoco vistas ipo
Nuvoco Vistas IPO Details

The Nuvoco Vistas IPO Details reveal that QIB will have a 50% quota while NII is at 15% and 35% is kept for retail investors.

Nuvoco Vistas IPO Issue Size

Rs 5000 crores

Fresh Issue Size

Rs 1500 crores

Nuvoco IPO Offer-for-Sale

Rs 3500 crores

Face Value

Rs 10

Nuvoco IPO Retail Quota

35% (around 11.8 Lakh retail investors)

Nuvoco Vistas Company Profile

Nuvoco Vistas is a 22-year old cement company. It is into manufacturing of cement, ready-mix concrete (RMX), and modern building materials (MBM) like adhesives, wall putty, dry plaster, etc. it has served developers, small contractors, builders, architects, government agencies and privates.

It acquired the 12 million ton cement unit from LafargeHolcim in 2016 at Rs 9300 crore. Besides, it bought the 8.3 million ton plant of Emami Cement in 2020 at Rs 5500 crore. Its peers include Ultratech Cement, Shree Cement, Ambuja Cements and ACC.

One of the promoters of this company is Dr Karsanbhai Patel, who is the founder of Nirma Group. Nirma Group manufactures chemicals, detergents, soaps, and healthcare products. Moreover, it is also into real estate development and into cement business since 2014. Nirma Group will be up this time against their delisting at NSE and BSE which happened in 2010.

Nuvoco Vistas IPO Dates

Check all the important Nuvoco Vistas IPO Dates below.

Nuvoco Vistas IPO Opening Date

9th August

Nuvoco IPO Closing Date

11th August

Refunds

18th August

Nuvoco Vistas IPO Allotment Date

17th August

Shares Credit to Demat Account

20th August

Nuvoco Vistas IPO Listing Date

23th August

Nuvoco IPO Share Price

The Nuvoco IPO Share Price is fixed at Rs 560 to Rs 570 (cut-off price) per equity share. Considering its valuation, this price seems right. The Nuvoco IPO face value is Rs 10 per equity share.

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Nuvoco IPO GMP aka Grey Market Premium Today

The Nuvoco IPO GMP aka Grey Market Premium Today (9th August, 09:29) is Rs 100 since the grey market trading of this IPO has taken a boom. Stay tuned for the latest Nuvoco Vistas IPO GMP updates in this space.

Date Nuvovo IPO Grey Market Premium
9th August, 09:29 Rs 100
5th August, 11:21 Rs 700
Nuvoco Vistas IPO Lot Size

Check out the Nuvoco Vistas IPO Lot Size below.

Nuvoco Vistas IPO Lot Size

No of Shares

Investment Amount

1 Lot (min)

26 Shares

Rs 14,820

13 Lots (max)

338 Shares

Rs 1,92,660

Nuvoco Vistas IPO Review : Apply or Skip?

The Nuvoco Vistas IPO Review will let you know whether to apply or give it a skip. Let's have a look at its pros and cons.

Pros

  • Worked in Lodha World One, Amritsar Entry Gate, and Metro project.
  • 5th Largest Indian Cement Company.
  • Largest cement company in East India.
  • 50 RMX plants (leading ready-mix concrete manufacturer in India)
  • Part of Nirma Group.
  • Huge 22 mmtpa (million metric tons per annum) cement manufacturing capacity (consolidated).
  • Distribution network of 15,969 dealers and 225 CFAs.

Cons

  • Rs 7642 crores in borrowings as of Mar’21.
  • Needs Rs 1350 crores from fresh issue for debt repayment.
  • Profits dropped from Rs 249 crores in FY 19-20 to Rs 26 crores in FY 20-21.
  • Borrowings increased this year and are at around Rs 750 crores.
  • Nirma Group delisted their shares from NSE and BSE in 2010.

Looking at the pros and cons, the Nuvoco IPO can be a good investment for long-term gains, but shows uncertainty for listing gains.

Disclaimer: We are not SEBI registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestion. Consult your financial advisor before making any decision.

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