Nuvoco Vistas IPO Assessment 2021: With 4 IPOs lined up this week, traders are as soon as once more in for a trip. Nuvoco Vistas Ltd IPO will hit the Indian markets from August ninth to August eleventh. They purpose to lift Rs. ₹5000 crores by a public providing.
On this article, we glance into necessary info on the Nuvoco Vistas IPO and discover out the potential prospects of the corporate. Preserve studying!
Nuvoco Vistas IPO Assessment – Concerning the Firm
Based in 1999, Nuvoco Vistas Ltd is a part of the Nirma group of corporations. Nuvoco Vista is the biggest firm in East India by way of capability and the fifth largest cement firm in India.
The corporate additionally provides vary of over 50 merchandise. These embrace cement, Prepared-mix Concrete (RMX), adhesives, wall putty, dry plaster, cowl blocks, and many others.
The Nirma group entered the cement enterprise in 2014. Over time the corporate has used a number of inorganic means to additional enhance its progress of the corporate.
The corporate acquired the Indian cement enterprise of LafargeHolcim in 2016 and NU Vista in 2020. In February 2020 the merger between Nirma and Nuvoco Vistas was accomplished.
Nuvoco Vistas has a big distribution community of 15,969 sellers and 225 CFA’s. The corporate has 11 crops with an put in capability of twenty-two.32 million tonnes every year.
They’re situated throughout the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana. They’ve 49 RMX crops making them one of many main ready-mix concrete producers.
The corporate additionally has waste warmth restoration methods put in at its crops. These have a capability of 44.7 MW.
Along with these, the corporate has solar energy crops with a complete capability of 1.5 MW and captive energy crops with a era capability of 105 MW. These meet 50% of the corporate’s energy necessities.
Gray Market Premium (GMP) of Nuvoco Vistas
The shares of Nuvoco Vistas traded at round a 7% premium within the gray market earlier than the IPO. The shares traded at a value of Rs.600 – Rs.610 giving them a premium of Rs. 40 over their problem value band of Rs 560-Rs. 570 per share.
Nuvoco Vistas IPO Assessment – Key IPO Data
The promoters of the corporate are Niyogi Enterprises Pvt Ltd and Dr. Karsanbhai Okay Patel. They’ve appointed Axis Capital Ltd., HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Ltd., J.P. Morgan India Pvt. Ltd., and SBI Capital Markets Ltd because the lead managers to the problem.
Hyperlink Intime India Pvt Ltd has been appointed because the registrar to the problem.
|IPO Measurement||₹5,000.00 Cr|
|Contemporary Concern||₹1,500.00 Cr|
|Provide For Sale(OFS)||₹3,500.00 Cr|
|Opening Date||Aug 9, 2021|
|Closing Date||Aug 11, 2021|
|Face Worth||₹10 per fairness share|
|Worth Band||₹560 to ₹570 per fairness share|
|Lot Measurement||26 Shares|
|Minimal Lot Measurement||1|
|Most Lot Measurement||13|
|Itemizing Date||Aug 23, 2021|
Function of the Nuvoco Vistas IPO
The proceeds from the IPO might be used for:
- To repay borrowings of the corporate.
- Normal company functions.
The IPO opens on ninth August and closes on eleventh August 2021. For retail traders, it may be alternative to look into the corporate’s future prospects and apply for the IPO in the event that they consider within the merchandise and progress prospects of Nuvoco Vistas Ltd.
That’s all for this publish. Do tell us what you consider the Nuvoco Vistas Ltd IPO overview. Are you planning to use for this IPO or not? Remark under. Cheers!
Aron, Bachelors in Commerce from Mangalore College, entered the world of Fairness analysis to discover his pursuits in monetary markets. Exterior of labor, you’ll be able to catch him binging on a present, supporting RCB, and dreaming of visiting Kasol quickly. He additionally believes that consuming child’s ice-cream is one of the simplest ways to show them taxes.