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About Nuvoco Vistas IPO

Nuvoco Vistas is a leading cement manufacturing company in India, particularly in terms of production capacity. The company has active plants in multiple states such as West Bengal, Chhattisgarh, Jharkhand, Haryana, and Rajasthan.

Nuvoco Vistas IPO Objectives

- Deleverage its balance sheet
- Repay or prepay entire or a portion of the company’s Rs. 1,350 crores borrowings availed on a consolidated basis
- Meet corporate purposes

Nuvoco Vistas IPO - Details

Nuvoco Vistas IPO's issue size will be worth Rs. 5000 crores. It comprises fresh shares worth Rs. 1500 crores and an offer for sale of Rs. 3500 crores.

Opening Date

09 August 2021

Closing Date

11 August 2021

Price Band

₹560 - ₹570

per equity share

Issue Size

₹ 5000 crores

Face Value

₹ 10

per equity share

Market Lot

26 shares

Opening Date

09 August 2021

Closing Date

11 August 2021

Price Band

₹560 - ₹570

per equity share

Issue Size

₹ 5000 crores

Face Value

₹ 10

per equity share

Market Lot

26 shares

Listing at NSE, BSE

Nuvoco Vistas IPO Important Dates

IPO Open Date 09 August 2021
IPO Close Date 11 August 2021
Basis Of Allotment Date 17 August 2021
Initiation Of Refunds 18 August 2021
Credit Of Shares To
Demat ACcount
20 August 2021
IPO Listing Date 23 August 2021

Nuvoco Vistas IPO Latest News and Subscription Status Today [Live]

Day 3 : 11 August 2021
Day 2 : 10 August 2021
Day 1 : 09 August 2021

At 05:10 p.m.

- This IPO has been subscribed 1.71x by 5:10 PM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 4.23x
- (NII) Non-institutional buyers: 0.66x
- (RII) Retail Individual buyers: 0.73x

 

At 04:10 p.m.

- This IPO has been subscribed 1.71x by 4:10 PM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 4.23x
- (NII) Non-institutional buyers: 0.66x
- (RII) Retail Individual buyers: 0.71x

 

At 03:10 p.m.

- This IPO has been subscribed 1.36x by 3:10 PM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 3.29x
- (NII) Non-institutional buyers: 0.36x
- (RII) Retail Individual buyers: 0.68x

 

At 02:05 p.m.

- This IPO has been subscribed 0.92x by 2:05 PM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 1.93x
- (NII) Non-institutional buyers: 0.20x
- (RII) Retail Individual buyers: 0.64x

 

At 12:55 p.m.

- This IPO has been subscribed 0.54x by 12:55 PM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.71x
- (NII) Non-institutional buyers: 0.13x
- (RII) Retail Individual buyers: 0.61x

 

At 11:55 a.m.

- This IPO has been subscribed 0.38x by 11:55 AM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.27x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 0.58x

 

At 10:50 a.m.

- This IPO has been subscribed 0.36x by 10:50 AM. on Day 3
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.27x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 0.55x

 

At 05:10 p.m.

- This IPO has been subscribed 0.29x by 5:10 PM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.11x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 0.50x

 

At 04:10 p.m.

- This IPO has been subscribed 0.27x by 4:10 PM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.10x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 0.47x

 

At 02:55 p.m.

- This IPO has been subscribed 0.26x by 2:55 PM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.10x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.45x

 

At 01:55 p.m.

- This IPO has been subscribed 0.25x by 1:55 PM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.10x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.41x

 

At 12:55 p.m.

- This IPO has been subscribed 0.23x by 12:55 PM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.10x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.39x

 

At 12:15 p.m.

- This IPO has been subscribed 0.23x by 12:15 PM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.10x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.38x

 

At 10:55 a.m.

- This IPO has been subscribed 0.18x by 10:55 AM. on Day 2
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.36x

 

At 05:10 p.m.

- This IPO has been subscribed 0.16x by 5:10 PM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.31x

 

At 04:10 p.m.

- This IPO has been subscribed 0.13x by 4:10 PM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.26x

 

At 03:00 p.m.

- This IPO has been subscribed 0.11x by 3:00 PM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.22x

 

At 02:05 p.m.

- This IPO has been subscribed 0.10x by 2:05 PM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.20x

 

At 01:10 p.m.

- This IPO has been subscribed 0.09x by 1:10 PM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.18x

 

At 11:40 a.m.

- This IPO has been subscribed 0.06x by 11:40 AM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.12x

 

At 10:40 a.m.

- This IPO has been subscribed 0.03x by 10:40 AM. on Day 1
- It is a public issue of 6,25,00,001 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.05x

 

Why Should You Invest in Nuvoco Vistas IPO?

Nuvoco Vistas is a lucrative investment avenue for those who wish to ride the infrastructure sector’s demand growth. The company enjoys a robust market presence with a profitable portfolio of products.

The sizeable production capacity coupled with its successful growth by acquisition has worked in favour of this cement manufacturing company. Collectively, these factors manifest as positive upsides for this company.

Investors willing to partake in this upside phase of the infrastructure industry, in general, could consider subscribing to this upcoming IPO shares. However, investors must make it a point to gain substantial information about Nuvoco Vistas, its prospects, and the sectoral limitations to make an informed choice.

Financial highlights

Financial Year Total Revenue in Million Total Assets in Million Profit After Tax in Million
March 2021 Rs. 75,226.93 million Rs. 1,99,075.70 million Rs. (259.19) million
March 2020 Rs. 68,299.44 million Rs. 134,443.22 million Rs. 2,492.55 million
March 2019 Rs. 71,058.88 million Rs. 132,617.03 million Rs. (264.88) million

How to Apply for Nuvoco Vistas IPO?

You can apply for the Nuvoco Vistas IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Nuvoco Vistas IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for Nuvoco Vistas IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel Broking to begin your investment journey.

Nuvoco Vistas – Noteworthy Highlights

As of 31 December 2020, Nuvoco produced 4.2% of India’s total cement and nearly 17% of East India’s. In north India, the company accounts for 5% of cement production. Other noteworthy highlights of the company include :

- Nuvoco Vistas is India’s 5th largest cement company.

- In terms of capacity, the company dominates the market in the eastern parts of India. It boasts an annual capacity of 22.32 MMTPA.

- To expand its market footprints, Nuvoco Vistas acquired Emami Group’s cement group in February 2020.

- In India, Nuvoco Vistas is a leading ready-mix concrete (RMX) producer. Nuvoco Vistas operates 11 cement plants, with 1 blending unit, 5 integrated units, and 5 grinding units.

Nuvoco Vistas IPO - SWOT Analysis

strengths

Strengths

  • Huge production capacity: Nuvoco Vistas has built a robust production capacity of 22.32 MMTPA through acquisitions. Its core strategies and smart fundamentals continue to help it tap into the surging demand for infrastructure.
  • Market dominance: This company is the fifth largest cement producer in India and a leading market player in east and north India. Also, it has managed to develop a recognised brand identity in the slag cement category.
  • Strategic locations: Most of its cement plants are based in strategic locations. The proximity to roadways and railway channels facilitates the transportation of goods. In turn, it makes transportation quick and the shipments less of a hassle.
  • Diverse business line: This company currently deals in modern building materials, cement, and ready-mix concrete and offers 50+ products.
Weaknesses

Weaknesses

  • Inorganic growth: The company owns most of its growth to acquisitions. Such inorganic growth could turn out to be fruitless if Nuvoco Vistas fails to integrate the acquisitions with its line of business seamlessly.
  • Prone to debt: Manufacturing cement is a labour- and capital-intensive business, making it prone to debts and bottlenecks like labour strikes.
Opportunities

Opportunities

  • Growth prospect: Nuvoco Vistas is proactive when it comes to acquiring companies in the same sector. Its current financial standing and smart acquisition strategy offer ample upsides in terms of growth.
  • Portfolio diversification: Currently, Nuvoco Vistas produces cement, ready-mix concrete (RMX) and Modern Building Materials (MBM). An increase in its M&A in the allied sector or strengthening of its overall financial standings could present a lucrative opportunity to diversify its product portfolio further.
Threats

Threats

  • Risks associated with raw material mining: Raw material mining has emerged as a concern for cement production. The impact of mining, in the long run, could lead to environmental risks.
  • Economic slowdowns: The real estate sector is subject to the repercussions of an economic crisis. During economic slowdowns, the demand for infrastructure tends to fall, which ultimately hampers the business of allied industries such as cement and brick and mortar.
  • Change in taxation: Change in tax structure could deter the growth of the company in specific and the cement industry and infrastructure sector in general. For example, the applicable GST on cement is 28%. Any hike in the same or even in the cost of its raw materials will increase the cost of production and hamper the company’s revenue.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Scaled Diagnostics Operation: Krsnaa Diagnostics operates in 14 states across the country with 465 pathology labs and over 2000 diagnostic centres, including collection and processing centres. Its operational base provides the company with strong financial leverage, helping it maintain a 30% operating margin as of 31 March 2020.
  • Healthy Financial Risk Profile: The management of Krsnaa Diagnostics strives to maintain a 1:1 equity-to-debt ratio, keeping its risk profile at a moderate level over the medium term.
  • Robust Infrastructure: It uses advanced technology and the best of the latest equipment in its diagnostics centres. Such modern and technologically advanced infrastructure offers it a competitive advantage in the market and helps retain and increase its customer base.

Weaknesses 

  • Working capital needs: The PPP segment accounts for a significant portion of its receivables, stretching the credit period between 115 and 139 days. Therefore, its working capital requirements are significantly high.

Opportunities 

  • Growth Prospects: The diverse geographical presence and strong financials offer Krsnaa Diagnostics the flexibility to expand its scale of operation and facility units.
  • Large Government Orders: Since the pandemic hit, GOI has decided to up its investment in the healthcare sector. This opens up opportunities for the company as it receives nearly 70% of its orders from government departments as of 31 March 2020.

Threats 

  • Increase in Operating Costs: The tenders Krsnaa Diagnostics receive usually feature a tenure of 7 – 10 years. The price goes up by 2 – 3% after every 3 – 5 years. Therefore, if there’s a sudden increase in its operating costs, the company may struggle.
  • Generic Products: Diagnostics centres across the country offer similar tests and methods of prognosis. This increases the competition for the company from both regional and established market players.

Competitor Analysis: Market Peers

Nuvoco Vistas is a competitive name in the cement sector but a late stock market entrant. The table below offers valuable insight into some of its most noteworthy listed peers and how their market capitalisation grew over the last year.

Market Peers Market Capitalisation Growth (in %)
Burnpur Cement 24.44%
Shri Keshav Cements 33.94%
Barak Valley Cements 76.60%
Kakatiya Cement Sugar 78.17%
Sahyadri Industries 283.81%
Shiva Cement 308.65%
Andhra Cements 350.24%
Deccan Cements 179.15%
Visaka Inds. 183.17%
Anjani Portland Chem. 250.83%
Shree Digvijay Cement 83.15%
KCP 180.67%
Sagar Cement 141.55%
Orient Cement 113.21%
HIL 267.41%
Shree Cement 26.11%
ACC 73.57%
Ambuja Cement 106.56%
Star Cement 31.11%

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Nuvoco Vistas IPO FAQs

What is Nuvoco Vistas IPO?

Nuvoco Vistas IPO comprises a new issue of shares worth Rs. 1500 crores and an offer for sale of Rs. 3500 crores. Currently, Niyogi Enterprise Private Ltd holds a nearly 86.56% stake in this company, which will be diluted during this IPO.

When will Nuvoco Vistas IPO be open for subscription?

It will open on 9 August 2021.

What is the minimum lot size that retail investors can subscribe?

26 shares

When is the Nuvoco Vistas IPO listing date?

It will be listed on the bourses on 23 August 2021.

How will I receive shares?

Nuvoco Vistas shares will be credited to your DEMAT account after the allotment process.

Who are the merchant bankers for Nuvoco Vistas IPO?

ICICI Securities, SBI Capital Markets, HSBC Securities and Capital Markets (India) Private Limited, Axis Capital, and JP Morgan India are appointed as the merchant bankers of this IPO.

What is the minimum order quantity for Nuvoco Vistas IPO?

26 shares

Who is the registrar for Nuvoco Vistas IPO?

Link Intime India Private Limited is the registrar for this IPO.

Which categories of investors are allowed to participate in Nuvoco Vistas IPO?

Retail individual investors, qualified institutional buyers, and non-institutional buyers can participate in this IPO.

Who are the promoters of Nuvoco Vistas?

Niyogi Enterprise Private Limited and Karsanbhai Patel are the promoters of this company.

What will be the issue type of Nuvoco Vistas IPO?

Nuvoco Vistas IPO will be a book-built issue type.

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