The stock listed at Rs 471 apiece on the BSE a 174 discount to its IPO price of Rs 570. Nuvoco Vistas Corp makes a weak stock market debut.
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Nuvoco Vistas Corporation one of the largest cement companies in east India disappointed investors on the debut as it opened 174 percent down on.
Nuvoco Vistas. What are Nuvoco Vistas Corporation Limited competitive strengths. Fell on market debut after the Nirma group companys Rs 5000-crore initial public offering emerged as the second-least subscribed issue so far this year. REUTERS Nuvoco Vistas shares made a weak listing on the stock exchanges even though benchmark indices and broader markets were trading.
The price band is in the range of Rs 560-570. About Nuvoco Vistas Corporation Ltd. It has 11 cement plants.
Nuvoco IPO subscription to start from August 09 to August 11 2021. It was not a good subscription for a company like Nuvoco Vistas that is backed by Nirma Group. Is among one of the largest cement companies concrete manufacturers in the country.
Lists at 17 discount on exchanges. Shares of Nuvoco Vistas Corp. Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 2232 million metric tonnes per annum MMTPA.
Nuvoco has 11 cement plants in West Bengal Bihar Odisha Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in. The initial public offer of Nuvoco Vistas Corporation will hit the Street on MondayThe Nirma Group company is looking to raise about Rs 5000 crore from the primary market. IPO Live GMP About Company - Nuvoco Vistas Corporation.
Nuvoco Vistas is the fifth-largest player in India and the largest cement company in east India in terms of capacity with a consolidated capacity of 2232 MMTPA. Nuvoco Vistas IPO RHP link. 1 Company is the largest cement manufacturer in East India in terms of total capacity.
It pared some of its. Founded in 1999 Nuvoco Vista Corporation Ltd. Ltd is the fifth-largest player in India and the largest cement company in East India in terms of capacity with a consolidated capacity of 2232 MMTPA.
Ltd a Nirma Group company started operations in. Nuvoco Vistas IPO Allotment Status. Nuvoco Vistas Corporation Ltd Equinox Business Park Tower 3 East Wing 4th Floor LBS Marg Kurla West Mumbai - 400 070 Phone.
3 Company has strong brand recognition and a large distribution network. It is a part of Nirma Group a diversified conglomerate company that manufactures products from chemicals to soaps healthcare detergents etc. Lets check the subscription numbers the IPO subscribed 171x times overall that comprises QIB 423x NII 066x and Retail 073x.
Nuvoco Vistas Corporation Ltd is tapping the capital market with its fresh issue for Rs1500 crore and an offer for sale OFS of Rs 3500 crore. The price range for the offer has been fixed at Rs 560 570 per share. Nuvoco Vistas IPO plans to raise Rs 5000-crore through a fresh issue of 88 crore equity shares amounting to Rs 1500 crore and an offer-for-sale worth Rs 3500 crore by the promoter which is part the Nirma group.
Nuvoco Vistas Corporation has made a weak debut on the bourses today ie. The cement makers shares opened at Rs 471 a discount of. Shares of Nuvoco Vistas Corp listed at 471 while the.
The initial public offering IPO of Nuvoco Vistas Corporation had received a tepid response with the issue garnering 171 times subscription. The total offer issue mix comprises a fresh issuance of equity shares aggregating up to Rs 1500 crore and an offer for sale of equity shares aggregating up to Rs 3500 crore. 2 It is strategically located cement plants with proximity to key markets.
Nuvoco Vistas shares list at discount to IPO priceImage. 91 22 6769 2500 Email. Nuvoco Vistas Corporation Limited is the 5th largest cement company in East India in terms of production capacity and among the leading ready-mix concrete RMX manufacturers in India.
The non-institutional investors and retail investors portion was subscribed by 66 per cent and 73 per cent respectively while the portion for Qualified Institutional Buyers QIBs was subscribed 423 times data shows. Nuvoco Vistas IPO to list on NSE and BSE on 23 August 2021 Monday at 1000 AM.
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