Nuvoco Vistas Corporation Limited IPO [INITIAL PUBLIC OFFERING] Detail
About the Nuvoco Vistas Corporation Limited
The Company was originally incorporated on February 8, 1999 as a private limited company under the Companies Act, 1956, with the name “Infra Cement India Private Limited” in Mumbai. Pursuant to the investment in the Company by the erstwhile shareholders in the year 1999 and the resolution dated May 19, 1999 passed by the Shareholders, the name of the Company was changed to “Lafarge India Private Limited”, and a fresh certificate of incorporation was issued upon the change of name by the RoC on May 25, 1999. Pursuant to Section 43A(1) of the Companies Act, 1956, the Company became a deemed public limited company with effect from November 2, 1999 and the certificate of incorporation of the Company was endorsed by the RoC to that effect, and this was noted in the resolution dated December 3, 1999 passed by the Board.
Subsequently, pursuant to the resolution dated April 16, 2003 passed by the Shareholders, the status of the Company was changed from deemed public limited company to private limited company in terms of Section 43A(2A) of the Companies Act, 1956. Accordingly, the Company became a private limited company with effect from April 16, 2003 and the certificate of incorporation of the Company was endorsed by the RoC to that effect. Thereafter, pursuant to the resolution dated February 26, 2016 passed by the Shareholders, the Company was once again converted to a public limited company resulting in the change of name to “Lafarge India Limited” and a fresh certificate of incorporation was issued by the RoC on March 12, 2016. Pursuant to divestment by the erstwhile shareholders in the Company in the year 2016 and the resolution dated March 8, 2017 passed by the Shareholders, the name of the Company was changed to “Nuvoco Vistas Corporation Limited” and a fresh certificate of incorporation was issued by the RoC on March 10, 2017
The fifth largest cement company in India and the largest cement company in East India in terms of
capacity. (Source: CRISIL Report).
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 NU Vista (Source: CRISIL Report).
Corporate Identity Number: U26940MH1999PLC118229
Registered and Corporate Office: Equinox Business Park, Tower 3, East Wing, 4th Floor, LBS Marg, Kurla (West), Mumbai – 400 070, Maharashtra, India; Tel: +91 22 6769 2500
Contact Person: Shruta Sanghavi, Company Secretary and Compliance Officer; Tel: +91 22 6630 6511
E-mail: investor.relations@nuvoco.com; Website: www.nuvoco.com
Company Promoters
NIYOGI ENTERPRISE PRIVATE LIMITED AND
DR. KARSANBHAI K. PATEL
Company Financials
Summary of Restated Consolidated Financial Information
For the year/period ended ( ₹ in Million)
| Particulars | |||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Revenue | 75,226.93 | 68,299.44 | 71,058.88 |
| Profit After Tax | (259.19) | 2,492.55 | (264.88) |
| Total Asset | 1,99,075.70 | 134,443.22 | 132,617.03 |
Nuvoco Vistas Corporation Limited – IPO Details
IPO Details
| Issue Open Date | 9 Aug 2021 |
| Issue Close Date | 11 Aug 2021 |
| Issue Type | Book Built |
| Face Value | ₹ 10 per equity share |
| IPO/Issue Price | ₹ 560 to ₹ 570 per equity share |
| Market Lot | 26 Shares |
| Min Order Quantity | 26 Shares |
| Listing At | BSE, NSE |
IPO/ Issue Time Line [Tentative]
Issue Open Date
Issue Close Date
Basis of Allotment Date
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:
1. Repayment/prepayment/redemption, in full or part, of certain borrowings availed of by our Company; and
2. General corporate purposes.