Nirma company Nuvoco Vista is ready with a public offering from today. Through the offering, the company hopes to raise Rs. 5000 crores this week. Being the largest cement company in India, the IPO is expected to be the fourth largest. Currently, the IPO is at issue of Rs. 1500 crores. Now, we’ll tell you more about it Nuvoco Vistas IPO Allotment Status Check. Check Nuvoco Vistas IPO Membership Status For today as opening day or for second and third day here in nhmpunjab.
For information: Nuvoco IPO Share Allotment Date Is 17 August 2021 and so on this date you can check Nuvoco Vistas IPO Allotment Status Online at bseindia.com and linkintime.com.
Nuvoco Vistas IPO Allotment Status Check
In 1999, Nirma Group started Nuvoco Vistas Corporation Limited. Then in 2014, the company started cement business in Nimbol. Since then, the company has grown into the cement industry and has also started dealing in construction materials. Now, the company has 11 cement plants in Jharkhand, Odisha, Bihar, West Bengal, Rajasthan, Haryana and Chhattisgarh. Thus, the company now deals in ready-mix concrete, cement and Modern Building Materials (MBM). Now that the company is coming up with an initial public offering, it has Rs. Offer for sale at face value of Rs.3500 crores. 10 per equity share. Also, we would like to tell you that the IPO will last for the next two days (11 August 2021). For the IPO, Anchor Investments made an investment till 6th August 2021 and the company raised Rs. 1500 crore here
Nuvoco Vistas IPO Membership Status
Apart from the above details, you should know that the IPO will operate on the price band of Rs. 560 to Rs. 10 per equity share for Rs 570. At the upper end of the price band, the company is targeting Rs. 5000. On the first day of gray market premium, the company has Rs. Issue 40. It ensures that the company has shares worth Rs. 600 to Rs. 610 hrs Nuvoco Vistas IPO Allotment Status Check. Talking about the allotment date, the issue allotment with the company is August 17, 2021. Apart from this, the refund of failed subscription will start from 18 August 2021. Secondly, those who were lucky bidders can get their share credit from 20th August 2021. Thereafter, Nuvoco Vista will be listed on BSE and NSE on 23 August 2021.
Nuvoco IPO Allotment Status
|IPO Open Date||9 August 2021|
|IPO Expiry Date||11 August 2021|
|size of ipo||Approx Rs. 5000 crores|
|latest issue||Approx Rs. 1500 crore|
|offer for sale on issue||Approx Rs. 3500 crore|
|Nuvoco Vista Face Value||Rupee. 10 per equity share|
|price off||Rupee. 560 to Rs. 570 per share|
|Listing Nuvoco Vista||BSE and NSE|
|Nuvoco Vistas IPO GMP||600 INR – 610 INR|
|Nuvoco Vistas IPO Allotment Status Check||to update|
|minimum amount||Rupee. 14,820|
|maximum amount||Rupee. 192660|
|Opening date||9 August 2021|
|Last date||11 August 2021|
|price band announcement||3 August 2021|
|investor allocation||8 August 2021|
|Nuvoco IPO Allotment Date||17 August 2021|
|refund||18 August 2021|
|demat account credit||20 August 2021|
|IPO listing||23 August 2021|
From the above table you know that the minimum required share is 26 and the minimum amount is Rs. 14,820. On the other hand, the maximum shares required is 338 and the amount is Rs. 1,92,660. Also, retail investors can apply for 13 lots, eligible institutional buyers have 50% reservation. Lastly, non-institutional investors have 15% reservation and investors hold 35% shares.
Now, we would like to provide some information about the company. The company initially started working in the cement industry but has now expanded its reach. Now, the company deals in the business of Adhesives, Dry Plaster, Wall Putty, Cover Blocks etc. In addition, the company sells its products to homebuyers in the non-trade and business sectors. These segments include wholesale buyers and institutional buyers. As of now, the company has around 15,969 dealers with 225 CFA.
Also, you should know that investing in an IPO is beneficial as it is the largest cement company and has plants across the country. Secondly, the company has a large distribution network and promoters.
Link to Check IPO Allotment Status of Nuvoco Vista
Nuvoco Vistas IPO Allotment Status FAQs
May we know the key managers of Nuvoco Vistas IPO?
For Nirma Group Nuvoco Vistas IPO, Lead Managers are ICICI Securities Limited, HSBC Securities, Axis Capital, Capital Markets India, SBI Capital Markets and JP Morgan India.
Which are the western states where Nuvoco Vista has construction sites?
In the western states, Nuvoco Vista’s manufacturing sites are Rajasthan and Haryana.
How much will the company raise through Nuvoco Vista IPO?
With the help of IPO, the company can raise Rs. 15,640 crore in the next two days.
Nuvoco Vistas IPO GMP Today ?
Rs 600 to Rs 610.
How to Check IPO Allotment Status of Nuvoco Vista?
You can check Nuvoco IPO allotment status at bseindia.com or linkintime.com.