Nuvoco Vistas Corporation a part of Nirma Group Company is among one of the largest cement companies and concrete manufacturers in India. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials is all set to make a debut in the stock market with an issue size of 5000 Cr.
Nuvoco Vistas Corporation Limited IPO –Overview
| Nuvoco Vistas Corporation Limited IPO Issue Date | 9-11 August 2021 |
| Nuvoco Vistas Corporation Limited IPO Opening Date | 9 August 2021 |
| Nuvoco Vistas Corporation Limited IPO Face Value | INR 10 per share |
| Nuvoco Vistas Corporation Limited IPO Price | INR 570 per share |
| Nuvoco Vistas Corporation Limited IPO Lot Size | 26 Shares |
| Issue Size | 5000 Cr |
| Offer for sale | 3500 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 2.70 times |
| NII (HNI) Shares | 1.03 times |
| Company Promoters | Niyogi Enterprises Pvt Ltd and Dr. Karsanbhai K Patel are the company promoters. |
Nuvoco Vistas Corporation Limited IPO-Tentative Dates
| Nuvoco Vistas Corporation Limited IPO opening date | 9 August 2021 |
| Nuvoco Vistas Corporation Limited IPO closing date | 11 August 2021 |
| Basis of Allotment | 17 August 2021 |
| Initiation of Refunds | 18 August 2021 |
| The credit of Shares to Demat | 20 August 2021 |
| Nuvoco Vistas Corporation Limited IPO Listing Date | 23 August 2021 |
Nuvoco Vistas Corporation – Industry Overview.
Domestic cement demand grew at a moderate pace of 5% CAGR over Fiscal 2015 and Fiscal 2020, following the demand for and construction of infrastructure and affordable housing. Majority of this growth was seen during Fiscal 2018 and 2019 on the back of pre-election spending. Demand for domestic cement witnessed a fall in Fiscal 2020 that continued into Fiscal 2021 due to the disruptive effects of the pandemic. 2019 to 2020. Cement demand witnessed a fall of about 2% 2020after witnessing two years of stellar growth (around 12% in Fiscal 2019 and around 9% in Fiscal 2018). Demand experienced negative growth of 0.5 to 1% in the first half of the year largely due to macroeconomic weakness.
Company Overview
Nuvoco Vistas is the fifth-largest cement company in India and the largest cement company in East India in terms of capacity. As of December 31, 2020, cement production capacity constituted approximately 4.2% of the total cement capacity in India, 17% of the total cement capacity in East India, and 5% of the total cement capacity in North India, and the leading ready-mix concrete manufacturers in India. also, the fastest-growing cement company in terms of capacity addition on percentage terms with installed capacity doubling over the last five years post the acquisition of NuVista.
Nuvoco Vistas Corporation Limited IPO-Objectives
- To repay/prepay/redeem borrowings availed by the firm fully or partially.
- General corporate purposes.
Financial Statements
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 1,99,075.70 | 134,443.22 | 132,617.03 |
| Total Revenue | 75,226.93 | 68,299.44 | 71,058.88 |
| Profit After Tax | (259.19) | 2,492.55 | (264.88) |
Nuvoco Vistas Corporation Limited IPO Strengths
- Largest cement manufacturer in East India in terms of total capacity.
- Strategically located cement plants with proximity to key markets.
- Strong brand recognition and a large distribution network.
- Experienced promoters and strong management team.
Nuvoco Vistas Corporation Limited IPO Weakness
- Inability to mine or procure sufficient limestone for its operations.
- Highly competitive business environment.
Company Contact Information
Nuvoco Vistas Corporation Ltd
Equinox Business Park, Tower 3, East Wing,
4th Floor, LBS Marg, Kurla (West),
Mumbai – 400 070
Phone: +91 22 6769 2500
Email: investor.relations@nuvoco.com
Website: https://nuvoco.in/
Nuvoco IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: nuvoco.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Nuvoco IPO Lead Manager(s)
- Axis Capital Limited
- HSBC Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
