Nuvoco Vistas Corporation Limited IPO Details

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.
Nuvoco Vistas IPO

Nuvoco Vistas IPO: Key Details

  • Grey Market Premium (GMP) today: ₹ – | To be Updated

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Company Information

Nuvoco Vistas Corporation Limited, incorporated in 1999 – a subsidiary of the Nirma Group, is the fifth-largest cement company in India and the largest cement company in East India in terms of capacity. As of December 31, 2020, their cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India, and they are one of the leading ready-mix concrete manufacturers in India.

They distribute their products through the trade segment, which mainly caters to individual home buyers, and the non-trade segment, which is mainly via direct sales to institutional and bulk buyers. Their focus is on the Trade Segment, where distribution channels are a mix of wholesale and retail dealers and a sub-dealer network. They have developed strong relationships with channel partners over the years and built a loyal customer base.

Competitive Strengths

  • Largest cement manufacturing company in East India in terms of total capacity
  • Market-leading brands that establish and enhance leadership as a building materials company with strong brand recognition
  • Strategically located cement production facilities that are in close proximity to raw materials and key markets
  • Extensive sales, marketing and distribution network with diversified product portfolio
  • Growth in business and operations from acquisitions and, in particular, the recently concluded acquisition of NU Vista
  • Strong research and development and technological capabilities
  • Experienced Individual Promoter and professional management team

Company Strategy

  • Consolidate and grow market share in East, North and Central India
  • Increase portfolio of premium products and profit margins
  • Focus on operational efficiencies and synergies to improve returns, whilst expanding manufacturing capabilities
  • Strengthen the brand and expand its distribution network
  • Growth through expanding operations and through acquisitions
  • Complete the integration of the NU Vista cement business with their own business

Proceeds from fresh issue of Nuvoco Vistas IPO will be used to:

  • Repayment/prepayment/redemption, in full or part, of certain borrowings availed of by the Company
  • General corporate purposes

The proceeds from the Offer for Sale shall be received by the Selling Shareholder

Nuvoco Vistas IPO: Financials

201920202021
Revenue from Ops₹7052.1 Cr₹6793.2 Cr₹7488.8 Cr
Profit before Excep*₹16.60 Cr₹386.75 Cr₹36.54 Cr
Profit after Tax(26.48) Cr₹249.25 Cr₹(25.92) Cr
EPS (Basic)(1.09)10.28(0.82)
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS2.83197.87201.41
* Weighted Average for last 3 years

Nuvoco Vistas IPO: Comparison with listed industry peers

CompanyP/E (Cap)
Nuvoco Vistas201.4
Highest (Shree)44.26
Lowest (ACC)28.31
Sector Avg77.52

Nuvoco Vistas IPO Dashboard

Issue Details

TypeValue
Issue Size₹5,000 Cr
Fresh Issue₹1,500 Cr
Offer for Sale₹3,500 Cr
Face Value₹10/- per Equity Share
IPO Price₹560 – ₹570
Lot Size26 shares
LotsMin 1 – Max 13

Key Dates

Date TypeDate
Bid Open 09/08/2021
Bid Close 11/08/2021
Allotment Finalization17/08/2021
Initiation of Refunds18/08/2021
Credit of Shares20/08/2021
Listing Date23/08/2021

Lot Size and Price

LotsSharesAmount
126₹14,820
13338₹1,92,660

Promoter Holding

HoldingPercentage
Pre-Issue95.24 %
Post-Issue71.03 %

Nuvoco Vistas IPO: Investor Quota and Shares Offered

Investor TypeQuotaShares on Offer
QIB50%1,78,57,143 shares
NII15%1,33,92,858 shares
RII (Retail)35%3,12,50,000 shares
Total100%6,25,00,001 shares

Nuvoco Vistas IPO: Risks

  • The business is dependent upon its ability to mine/ procure sufficient limestone for operations, and any inability to do so, could have an adverse impact
  • The recently enacted Mines and Minerals Amendment Act, 2021 (“Amendment Act”) may result in lapsing of letters of intent for the grant of mining leases under Section 10A of the MMDR Act.
  • The limestone reserve data and reserve life in the Red Herring Prospectus is only an estimate and actual reserves may differ from such an estimate
  • They are dependent upon the continued availability of coal, water, labor and raw materials used in the
    production of cement, the costs, and supply of which can vary singnificantly

For complete internal and external risk factors, you can refer to the RHP of the company.

Nuvoco Vistas IPO: Registrar and Lead Managers

Registrar of the Issue

Link Intime
C-101, 247 Park
L B S Marg, Vikhroli (West)
Mumbai 400 083
Maharashtra, India

Phone: 022 4918 6200
Email: [email protected]

Lead Managers of the Issue

ICICI Securities Limited
Axis Capital Limited
HSBC Securities and Capital Markets
J.P. Morgan India Private Limited
SBI Capital Markets Limited

Phone: +91 22 4336 0000 / +91 22 6650 5050
Email: [email protected]

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