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Nuvoco Vistas Corporation Limited

Nuvoco Vistas Corporation Limited

listed
₹14,560Min. investment

Nuvoco Vistas Corporation Limited IPO Details

Price range₹560 – ₹570
IPO type
Regular
Lot size26 shares
Issue size₹5,000Cr

Nuvoco Vistas Corporation Limited Timeline

  1. Bid start
    9 Aug 2021
  2. Bid end
    11 Aug 2021
  3. Allotment
    11 Aug 2021
  4. Release of funds
    18 Aug 2021
  5. Demat transfer
    17 Aug 2021
  6. Listing
    23 Aug 2021
Incorporated in 1999, Nuvoco Vistas Corporation (NVCL) is the fifth-largest cement company in India and the biggest in the eastern India in terms of production capacity.
The company has 11 cement plants in east and north India with a total production capacity of 22.3 million metric tonnes per annum (MMTPA). In fact, it is one of the fastest-growing cement makers in terms of capacity addition. Its production capacity accounts for around 17% of the total cement production capacity in east India. The company is also one of the leading ready-mix concrete (RMX) manufacturers in India with 49 RMX plants.
It sells its cement through the distribution channels as well as the direct route. The company has 244 agents and 16,076 dealers.
Its revenue has grown at a CAGR of 3% between FY19 and FY21. Out of these three financial years, the company has posted losses in two. As of March 2021, the company’s net debt stood at ₹6,730 crore with a debt to equity ratio of 0.9x.

Checklist

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Debt to Equity ratio
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Nuvoco Vistas Corporation Limited Contact Details

Company NameNuvoco Vistas Corporation Limited

How to apply for Nuvoco Vistas Corporation Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

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