Nuvoco Vistas IPO

Nuvoco Vistas Corporation Ltd IPO (Nuvoco IPO) Detail

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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

Nuvoco Vistas IPO

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-2131-Mar-2031-Mar-19
Total Revenue75,226.9368,299.4471,058.88
Profit After Tax(259.19)2,492.55(264.88)
Total Asset1,99,075.70134,443.22132,617.03


Nuvoco Vistas Corporation Limited – IPO Details

IPO Details

Issue Open Date9 Aug 2021
Issue Close Date11 Aug 2021
Issue TypeBook Built
Face Value₹ 10 per equity share
IPO/Issue Price ₹ 560 to ₹ 570 per equity share
Market Lot26 Shares
Min Order Quantity26 Shares
Listing AtBSE, NSE

IPO/ Issue Time Line [Tentative]

9th Aug 2021

Issue Open Date

Issue Close Date

11th Aug 2021
17th Aug 2021

Basis of Allotment Date

Initiation of Refunds

18th Aug 2021
20th Aug 2021

Credit of Shares to Demat Account

IPO Listing Date

23th Aug 2021

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.


Nuvoco Vistas Corporation – IPO Prospectus


Nuvoco Vistas Corporation Limited IPO FAQs

When the Nuvoco Vistas Corporation Limited IPO will Open?

The Nuvoco Vistas Corporation Limited IPO opens on 9th Aug 2021.

When the Nuvoco Vistas Corporation Limited IPO will close?

The  Nuvoco Vistas Corporation Limited IPO close on 11th Aug 2021.

What is the lot size of Nuvoco Vistas Corporation Limited IPO?.

Nuvoco Vistas Corporation Limited IPO lot size is 26 Shares and the minimum order quantity is 26 Shares

What is the Issue Price (per equity share) of the IPO?

The issue price of the IPO ranges from ₹ 560 to ₹ 570 per equity share.

IPO Rating

Rating: 4.5 out of 5.
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