Nuvoco Vistas Corp. Ltd., a Nirma Group firm is a major manufacturer and distributor of construction materials in India, with the mission to “Build a Safer, Smarter, and Sustainable World.” Nuvoco Vistas IPO will hit the market in 2021.
Table of Contents
About
Nuvoco is among India’s largest cement manufacturers and the main player in the East, delivering high-performing, quality blended cement forms With completion of the acquisition of Nu Vista Limited (formerly Emami Cement Limited).
They began services in India through acquisitions in 1999 and have since risen to become one of the country ‘s leading players.
In July 2016, the Ahmedabad-based detergents and chemicals company surprised India Inc by outbidding competitors JSW Cement and Piramal Enterprises to buy the Lafarge India firm, which has an annual capacity of around 11 million tonnes.
Presence and Responsibility
Nuvoco Vistas Corp. Ltd. has a strong footprint in all of India’s significant cities and towns. they listen to needs of Clients, business partners, shareholders, regional governments, and local communities.
They strive to encourage and motivate clients by introducing creativity and maintaining sustainability to their construction with our professional solutions under Cement, Aggregates, and Concrete.
Plants
Nuvoco has 6 facilities in Chhattisgarh, Rajasthan, Jharkhand, Bengal, and Haryana, all of which are operating at 95 percent capacity. The lone cement plant in Rajasthan, in addition to the six others, has a strength of about 2 million tonnes per year.
Nuvoco Vistas Journey
Environment Policy
Their vision includes creating and contributing to a healthy environment and they work to realize it through a variety of means.
- Making products that have a lower environmental impact and use less natural resources.
- Recycling waste (such as slag and fly ash) and using renewable fuels are two ways to help the environment while still saving money.
- Through their social responsibility programs, they work with the communities in which they operate in the fields of health safety, education, employability, and infrastructure.
Nuvoco Vistas IPO
Nuvoco Vistas, headquartered in Mumbai (Maharashtra) has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 5,000 crore on 06 May, 2021.
The Offer includes a fresh equity of Rs.1500 crore and an offer for sale(OFS) 3500 crore value equity shares of face value of 10 per share, by the promoters.
They got approval from Securities and Exchange Board of India(SEBI) on 20 July, 2021 to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1,95,97.98 | 13,444.32 | 13,261.70 | 13,303.78 | |
| Total Revenue | 48,79.43 | 6,829.94 | 7,105.89 | 6,911.72 | |
| Profit After Tax | (63.45) | 249.26 | (26.49) | 87.54 | |
Basic and Diluted Earnings Per Share (EPS)
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 10.28 | 10.28 | 3 |
| Financial Year 2019 | (1.09) | (1.09) | 2 |
| Financial Year 2018 | 0.76 | 0.76 | 1 |
| Weighted Average | 4.90 | 4.90 | |
| (9 months) Dec. 31, 2020 | (2.16) | (2.16) | – |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
These are the major factors consider in analyzing the price :
- In terms of overall capacity, this is East India’s largest cement manufacturer.
- Market-leading brands that solidify and strengthen their reputation as a major building materials firm with a powerful brand identity.
- Cement manufacturing plants that are strategically positioned near raw resources and major markets.
- With a diverse product range, the company has a large sales, marketing, and distribution network.
- Acquisitions, particularly the recently completed acquisition of NU Vista, have resulted in growth in their business and operations.
- Strong technical and research and development skills.
- Individual Promoter with a lot of experience and a skilled leadership team.
Nuvoco Vistas IPO Peer Comparison
| S. No. | Company Name | PE |
| 1 | Ultratech Cement Limited | 30.78 |
| 2 | Shree Cement Limited | 67.33 |
| 3 | Ambuja Cement Limited | 24.84 |
| 4 | ACC Limited | 24.01 |
Nuvoco Vistas IPO Details
| IPO Opening Date | 09 August 2021 |
| IPO Closing Date | 11 August 2021 |
| Issue Type | Book Built |
| Face Value | 10 per share |
| IPO Price | 560 to 570 per equity share |
| Market Lot | 26 |
| Min Order Quantity | 26 |
| Listing At | BSE, NSE |
| Issue Size | 5000 Cr. |
| Fresh Issue | 1500 Cr. |
| Offer for Sale | 3500 Cr. |
Nuvoco Vistas IPO Tentative Date
Nuvoco Vistas IPO opening date 09 August 2021, and the closing date is 11 August 2021. The issue may list in 20 August 2021.
| IPO Open Date | 09 August 2021 |
| IPO Close Date | 11 August 2021 |
| Basis of Allotment Date | 16 August 2021 |
| Initiation of Refunds | 17 August 2021 |
| Credit of Shares to Demat Account | 18 August 2021 |
| IPO Listing Date | 20 August 2021 |
Nuvoco Vistas IPO Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 35 | Minimum level of 1 lot, based on availability, for every shareholder. |
Nuvoco Vistas IPO Allotment Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Nuvoco Vistas IPO.
Nuvoco Vistas IPO GMP
Nuvoco Vistas IPO Grey Market Premium is as follows and you can check GMP of other IPOs as well from links given below:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| 22 August 2021 | 0 | 0 | 0 |
| 21 August 2o21 | 0 | 0 | 0 |
| 20 August 2021 | 0 | 0 | 0 |
| 19 August 2021 | 0 | 0 | 0 |
| 18 August 2021 | 4 | 3500 | 400 |
| 17 August 2021 | 6 | 3900 | 350 |
| 16 August 2021 | 8 | 2100 | 250 |
| 15 August 2021 | 11 | 3300 | 400 |
| 14 August 2021 | 7 | 1200 | 150 |
| 13 August 2021 | 9 | 2600 | 300 |
| 12 August 2021 | 7 | 600 | 100 |
| 11 August 2021 | 19 | 1200 | 150 |
| 10 August 2o21 | 25 | 3500 | 300 |
| 09 August 2021 | 45 | 4200 | 450 |
| 08 August 2021 | 58 | 3500 | 350 |
| 07 August 2021 | 60 | 2500 | 200 |
| 06 August 2021 | 63 | 2700 | 250 |
| 05 August 2021 | No Trade | No Trade | No Trade |
| 04 August 2021 | No Trade | No Trade | No Trade |
| 03 August 2021 | No Trade | No Trade | No Trade |
| 02 August 2021 | No Trade | No Trade | No Trade |
| 01 August 2021 | No Trade | No Trade | No Trade |
| 31 July 2021 | No Trade | No Trade | No Trade |
| 30 July 2021 | No Trade | No Trade | No Trade |
Check Out The GMP Of other IPOs
Nuvoco Vistas IPO Review
Positives points about the company are that they have Strong Promoter group & Regular inorganic growth, While Negatives points about the company are they focus only in eastern and northern India & valuations are expensive. It is avoid for listing gain & only people with long term view can apply.
Nuvoco Vistas IPO Risk
- The COVID-19 epidemic has had and will continue to have a substantial negative impact on their company.
- Their ability to mine/ acquire sufficient limestone for their operations is essential to their company, and their failure to do so on acceptable terms, or at all, might have a negative impact.
- Failure to successfully manage our development and expansion might have a significant negative impact on their business.
- Inability to integrate their operations with their acquisitions and achieve operating effectiveness may result in delayed or ineffective outcomes, which might harm the company.
- The Proforma Financial Statements provided in drhp may not reflect their real financial statements.
Other Threats
- Their production capacity may be underutilised, which might have a negative impact on the business.
- Failure to meet repayment and other covenants in the financing agreements might have a negative impact on their business.
- Their Company, the Subsidiary, the Individual Promoter, the Directors, and the Group Companies are all involved in ongoing legal procedures, and any negative outcome in any of these proceedings might harm their company.
- They operate in a highly competitive business climate, and any inability to compete successfully might have a significant negative impact on their company.
- Their business was founded in 1999, and they have been unable to locate some of their historical data.
Nuvoco Vistas IPO Brokerage views
- Yes Securities : Avoid
- Choice Brokering: Avoid
- Axis Securities: Avoid
- IIFL Securities: Avoid
- Trade swift: Yet not updated
- Anand Rathi : Apply
- ICICI Securities: Avoid
Nuvoco Vistas IPO Subscription
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| 09 August 2021 | 1 | 0.00 | 0.01 | 0.31 | N/A | 0.16 |
| 10 August 2021 | 2 | 0.11 | 0.04 | 0.52 | N/A | 0.30 |
| 11 August 2021 | 3 | 4.23 | 0.66 | 0.73 | N/A | 1.71 |
Promoters
- Kaushikbhai Patel
- Niyogi Enterprise Private Limited
Promoter Holding
| Pre Issue Share Holding | 94.48% |
| Post Issue Share Holding |
Nuvoco Vistas IPO Prospectus
Contact Details
Nuvoco Vistas Corporation Limited
Equinox Business Park,
Tower-3, East Wing, 4th floor,
Off Bandra-Kurla Complex,
LBS Marg, Kurla (West),
Mumbai 400070
Tel: +91 (0) 22 6769 2500
Fax: +91 (0) 22 6630 6510
Email : [email protected]
Website: https://nuvoco.in/
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- ICICI Securities Limited
- HSBC Securities and Capital Markets (India) Private Limited
- J.P. Morgan India Private Limited
- Axis Capital Limited
- SBI Capital Markets Limited
We hope we are able to answer all your questions about Nuvoco Vistas IPO. If you don’t have a Demat account, open it now with Zerodha best trading app.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms.
What is grey Market?
The phrase “grey market” refers to an illegal over-the-counter market where IPO applications and IPO stock are traded before the entity is listed on a stock exchange. This is a technique for dealers to help consumers who wish to sell their home before it goes on the market.
This is also a way to increase the listing fee and provide help for the issue prior to the listing. In the IPO grey market, there are two types of transactions that take place:
- IPO stocks are traded at a premium in the grey market.
- At a kostak, an IPO application is traded.
What is grey Market Premium?
The Grey Market Premium, or GMP, is the price at which IPO stock shares are exchanged in the grey market.
This could be correct or incorrect, implying that the grey market trading price is greater or cheaper than the issue price, depending on demand and supply for the stocks.
Typically, individuals who do not want to incur the risk of their shares not being allocated through an IPO can purchase shares on the grey market in the hopes of flipping them on the IPO for a profit.
What is Kostak?
The additional amount in rupees at which IPO applications are sold in the IPO Grey Market is known as kostak (or price of application). The bonus of a maximum lot retail application in an IPO is generally described as the ‘Kostak’ value.
The Kostak price is significant primarily before the offer is closed for subscription and the ultimate bidding status is made accessible to IPO participants. After the final auction status is known to investors, only a small percentage of IPO applications are exchanged.
‘Kostak’ is made for those who do not want to incur a risk on an IPO or gain from a listing.
Example:
Nuvoco Vistas IPO
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means Nuvoco Vistas IPO applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
Kostak rate
The Kostak rate is the fee received by an investor who sells his or her IPO application on the grey market. Regardless of allotment status, this is the money an individual stands to gain.
Subject to Sauda
The money that an investor stands to gain by selling his or her application for firm allotment is referred to as the subject to Sauda. Firm allocation is the important operative phrase here. The sauda will be cancelled if the applicant is not allotted.
When selling an IPO application in the grey market, the client and seller agree that the sale will only be legal if the seller receives the allocation. The deal is avoided if the seller does not get any stocks throughout the IPO procedure.
FAQ
Nuvoco Vistas IPO Opening Date?
Nuvoco Vistas IPO will open on 09 August 2021.
Nuvoco Vistas IPO Listing Date?
Nuvoco Vistas IPO will list on 20 August 2021.
Nuvoco Vistas IPO GMP Today?
Nuvoco Vistas IPO Grey Market Premium is INR 0.
Nuvoco Vistas IPO Allotment Date?
Nuvoco Vistas IPO basis of allotment will be on 16 August 2021.
Lot size for Nuvoco Vistas IPO?
Lot size for IPO is 26.
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