Incorporated in 1999, Nuvoco Vista Corporation Ltd, 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 i.e. adhesives, wall putty, dry plaster, cover blocks, and more.
The company sells its products in the trade segment (individual home buyers) and non-trade segment (institutional and bulk buyers). It has a strong distribution network with 15,969 dealers and 225 CFAs.
Its cement plants are located in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India with an aggregated installed capacity of 22.32 MMTPA.
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 IPO Details
| IPO Opening Date | Aug 9, 2021 |
| IPO Closing Date | Aug 11, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹560 to ₹570 per equity share |
| Market Lot | 26 Shares |
| Min Order Quantity | 26 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹10 (aggregating up to ₹5,000.00 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹1,500.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹10 (aggregating up to ₹3,500.00 Cr) |
Nuvoco IPO Tentative Timetable
| IPO Open Date | Aug 9, 2021 |
| IPO Close Date | Aug 11, 2021 |
| Basis of Allotment Date | Aug 17, 2021 |
| Initiation of Refunds | Aug 18, 2021 |
| Credit of Shares to Demat Account | Aug 20, 2021 |
| IPO Listing Date | Aug 23, 2021 |
Competitive strengths
- Largest cement manufacturer in East India in terms of total capacity.
- Strategically located cement plants with close proximity to key markets.
- Strong brand recognition and a large distribution network.
- Experienced promoters and managers team.
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