NUVOCO Vistas IPO Allotment Status (OUT) Linkin Time, Check on BSE/NSE are discussed on this page. The Initial Public Offering (IPO) Cement Manufacturer Novoco Vistas Corporation, has been opened on 9th August 2021 Monday. The offer will be available until the last date 11th August 2021, Wednesday. It is estimated that the price band will be up to Rs. 560-570 per share for Nuvoco Vistas IPO Financial year. The cement manufacturer is a part of the big organization Nirma Group. Nuvoco Vistas Corporation is all set to hit the market by 5,000 crore IPO with the help of a fresh issue of shares Rs. 1500 crore and the sale offer of Rs. 3500 price promoter Niyogi Enterprise. The interested candidates who want to know more important updates regarding IPO are suggested to stay connected with us on our official website at www.iittm.org.
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NUVOCO Vistas IPO Allotment Status
Nuvoco Vistas Corporation, a Nirma Group company, is India’s fifth-largest cement company. The shares rose with 8% attractive bids for 47,37,772 shares out of 6,25,00,001 total shares. There are bullish on the IPO as they see evaluation price for the cement sector going forward. As per the Antique stockbroking, cement maker is seeking a market of Rs. 20,400 crore and its interactions with the industry suggest that Nuvoco’s valuation at the time of the draft filing IPO papers was much higher in May 2021. Investors who are willing to buy the shares can start a bid with 26 equity shares and multiple thereafter. At the upper price band, they will be shelling out Rs. 14,820 for a single lot. In addition, the shares will be listed on both National Stock Exchange (NSE) as well as Bombay Stock Exchange (BSE). There are 50% reserved issue size for Qualified Institutional Buyers (QIBs) of which 35% are for retail investors, and the remaining 15% for non-institutional investors.
| IPO Issuer Name | NUVOCO VISTAS CORPORATION LIMITED |
| Symbol | NUVOCO |
| IPO Issue Date | 9th August 2021 |
| Last Date | 11th August 2021 |
| Post Issue Modification | 12th August 2021 |
| Allotment Status Date | 17th August 2021 |
| Face Value | 1,000,000 |
| Price Band | 560.00-570.00 |
| Security Code | 847NIRCHEM19 |
| Article Category | IPO |
NUVOCO Vistas IPO Grey Market Premium (GMP)
NUVOCO public issues as well as Car Trade are likely to finalize their share allotment on 17th August 2021. Till Today, Nuvoco Vistas IPO GMP is 1 Rupee down at ₹15, as compared to the previous day’s grey market premium. Meanwhile, The grey market premium for one of the famous cement companies, Nuvoco Vistas Corporation, erstwhile Lafarge India’s shares, which is indicative of possible listing gains, is positioned at Rs 14-16. The company plans to raise Rs 5,000 crore. While it attracted 18% bids and GMP was at 18% on the second day. Hence, Nuvoco Vistas IPO looks risky.
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NUVOCO IPO Subscription Status
According to the latest updates, the Nuvoco IPO has been subscribed 0.31x times on 11th August 2021, Today 10:23 AM. In the retail category, IPO subscribed 0.54x., 0.11x in the Qualified Institutional Buyer category, 0.04x in Non-institutional bidders.
The company has reduced its size to 6.25 crore equity shares after raising Rs 1500 crore from anchor investors on 6th August 2021. At present, the company’s key focus is on its trade segment whereas high growth in East and central India. Nuvoco Vistas shares are available at a premium of Rs. 35-40 or 6-7% over the issue price of Rs 570 in the grey market, the data showed by IPO.
| Category | Subscription of IPO |
|---|---|
| RII | 0.54x |
| NII | 0.04x |
| QIB | 0.11x |
| Total Subscription | .31x times |
Nuvoco vistas operate 11 plants in India; 8 plants in East India and the remaining 3 in North India. The cement plants are located in Bihar, West Bengal, Bihar, Odisha, Chhattisgarh, Jharkhand in the east, and Haryana and Rajasthan in the North. Along with this ready mix, plants are situated all over India. These locations help to work effectively in the East as well as Northern parts of India.
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NUVOCO Vistas IPO Allotment Date
According to the tentative timetable, Nuvoco IPO has been opened on 9th August and the closing date for the same is 11th August 2021. The issue is expected to be list on 23rd August 2021.
| NUVOCO Vistas IPO Complete Schedule 2021 | |
| IPO Open Date | 9th August 2021 |
| IPO Closing Date | 11th August 2021 |
| Post Issue Modification Date | 12th August 2021 |
| Basis of Allotment Date | 17th August 2021 |
| Refunds Initiation Date | 18th August 2021 |
| Credit of Shares to Demat Account | 20th August 2021 |
| Listing Date of IPO | 23rd August 2021 |
- Visit the LINK Intime Allotment website link at https://linkintime.co.in/MIPO/Ipoallotment.html
- Select the company from the list of IPOs.
- Enter your application number/depository number or DP Client ID/Pan no.
- Then, click on the search button.
- The NUVOCO IPO numbers of stocks allotted and applied to investors will appear.
Link 1 >>> NUVOCO IPO Allotment Status Check @Linkin Time
Link 2 >>> NUVOCO IPO Allotment Status @Kfintech
Link 3 >>> NUVOCO IPO Allotment Status Find @BSE
If we talk about the market situation the company is bearing loss more than profits. In Financial Year 2019 the company reported a loss of Rs 26.48 crore. Followed by this, in 2021 is has a gain of Rs. 249.25 crore. In 2021 again there was a loss of Rs. 25.91 crore. There was a slowdown in the construction activity due to the 2nd wave of covid-19. But, a drastic impact can be seen in the month of April-May. It is recovering from the month of June the company said. To know more information about the profit and loss check the table given below.
| Financial Year | Status |
| 2019 | Rs. 26.48 crores (Loss) |
| 2020 | Rs. 249.25 crores (Profit) |
| 2021 | Rs. 25.91 crores (Loss) |
Issue Details:
| Issue Duration | 3 days |
| Issue Size | 5,000 crore |
| Face Value | Rs.10 |
| Lot Size | 26 shares |
| Listing | BSE and NSE |
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