Nuvoco Vista Corporation Ltd, a subsidiary of the Nirma Group, is one of India's leading cement and concrete manufacturers. Cement, Ready-mix Concrete (RMX), and modern building materials such as adhesives, wall putty, dry plaster, cover blocks, and more are among the products available.
The firm sells its goods to both trade (individual home buyers) and non-trade customers (institutional and bulk buyers). With 15,969 dealers and 225 CFAs, it has a powerful distribution network.
Its cement facilities are spread across East India in West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand, and North India in Rajasthan and Haryana, with a total installed capacity of 22.32 MMTPA.
Nuvoco Vista Corporation IPO details
price range has been set at Rs 560-570 per equity share. The company intends to raise Rs 5,000 crore through its public offering, which would include a fresh issuance of Rs 1,500 crore and an offer for sale by founder Niyogi Enterprise of Rs 3,500 crore.
Nuvoco Vistas plans to use the Rs 1,350 crore in net proceeds from the new issue to settle (in part or in full) certain debts and for general corporate purposes.
On August 17, Nuvoco Vistas will finalize the basis of allotment, and on August 18, refunds or unblocking of cash will begin.
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹560 to ₹570 per equity share|
|Market Lot||26 Shares|
|Basis of Allotment Date||Aug 17, 2021|
|Credit of Shares to Demat Account||Aug 20, 2021|
|Initiation of Refunds||Aug 18, 2021|
|IPO Listing Date||Aug 23, 2021|
|Listing At||BSE, NSE|
|Issue Size||Rs 5,000.00 Cr|
Strengths Of Nuvoco Vista Corporation
With a capacity share of around 17 percent in terms of consolidated capacity in East India, it is the largest cement manufacturer in the region.
It has built reputable brands in the building materials market in India as a result of its excellent performance and reputation for quality products in cement, RMX, and modern building materials.
Cement manufacturing plants that are strategically situated near raw materials and critical markets. Through acquisitions, it has increased its manufacturing capacity, sales and distribution network, and market position throughout time, including the recently completed acquisition of NU Vista.
Financials of Nuvoco Vista Corporation
Nuvoco Vistas Corporation's revenues climbed at a 3 percent compound annual growth rate (CAGR) from FY19 to FY21, while operating profit expanded at a 26 percent CAGR. In FY19 and FY21, it lost Rs 26 crore each, whereas, in FY20, it made Rs 249 crore.
Because the company absorbed the Nu-Vista purchase in FY21, overall financials in FY21 are not comparable to FY20.
In terms of volume, the company sold 17.26 million tonnes of cement in FY21, with sales of 13.47 million tonnes in East India, 2.66 million tonnes in North India, and 1.13 million tonnes in Central India.