Nuvoco Vistas Corporation Limited
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Nuvoco Vistas Corporation Limited's successfully completed its Initial Public Offering and commenced trading on Aug 23, 2021 at the NSE, BSE exchange. The company raised 8,77,19,297 Shares through this public offering, comprising 2,63,15,789 Shares in fresh capital and ₹3500.00 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹560 to ₹570, with minimum application lots of 26 shares. The offering attracted significant investor interest during its subscription period from Aug 09, 2021 to Aug 11, 2021.
Share allotment was finalized on Aug 17, 2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1999, Nuvoco Vista Corporation Ltd, a Nirma Group company, is among the largest cement and ready-mix concrete manufacturers in India, offering a wide range of products including cement, RMX, and modern building materials such as adhesives, wall putty, dry plaster, and cover blocks. The company serves both individual home buyers and institutional or bulk customers through a strong distribution network of 15,969 dealers and 225 CFAs. Nuvoco operates cement plants across East India in West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand, and in North India across Rajasthan and Haryana, with a total installed capacity of 22.32 MMTPA.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Cement Producer: Largest cement manufacturer in East India by total capacity.
- Strategic Locations: Plants located close to key markets.
- Strong Brand & Reach: Well-known brand with a wide distribution network.
- Experienced Leadership: Promoters supported by a skilled management team.
NA
- Niyogi Enterprises Pvt Ltd
- Dr. Karsanbhai K Patel
Nuvoco Vistas Corporation Limited
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