Nuvoco IPO price band, GMP, Allotment, Listing date and Price

Nuvoco IPO details (9 – 11 Aug), (Price: 560-570)

Listing date and Listing Price of Nuvoco IPO:

  1. Nuvoco IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of Nuvoco IPO on NSE – Click Here
  3. Listing Price of Nuvoco IPO on BSE – Click Here

Grey Market premium (GMP) price of Nuvoco IPO :

Grey Market premium (GMP) price of Nuvoco IPO is Rs. 40. Grey Market premium (GMP) of Nuvoco IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. (Source : ipowatch.in) Check latest GMP of all IPOs.

Nuvoco IPO Allotment link status on Link Intime:

  1. Check the allotment status of Nuvoco IPO on the below link given by Link Intime.
  2. Nuvoco IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html

Nuvoco IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.

Nuvoco IPO subscription status details:

QIB (Qualified Institl. Bidders)NIB (Non-institutional Investor)RII (Retail Individual Investor)Total No. of times applied
Day 3 4.23x 0.66x 0.73x 1.71x
Nuvoco IPO subscription status live

Nuvoco IPO highlights:

Nuvoco IPO bid Opens on 9 Aug 2021
Nuvoco IPO bid Closes on11 Aug 2021
Post issue Modification Period12-Aug-2021 (10.00 A.M. to 11.00 A.M.)
Cut-off time for UPI Mandate Confirmation12-Aug-2021 (upto 12:00 PM)
Issue type100% Book Building
Nuvoco IPO issue size₹ 5000 Cr
Face value of each equity shareRs. 10
Nuvoco IPO Price bandRs.560 to Rs.570 per share
Nuvoco IPO market lot26 equity shares and multiples of 26
Nuvoco IPO minimum order quantity26 equity shares
Pre IPO equity share of promoters of Nuvoco___%
Post IPO paid-up equity share of promoters of Nuvoco___%
QIB portion reservation in Nuvoco IPO50 %
NIB portion reservation in Nuvoco IPO15 %
Retail portion reservation in Nuvoco IPO35 %
Retail individual bidder can apply in Nuvoco IPOup to 2 lakh (200,000) – Maximum 13 Lot
Retail individual discount in Nuvoco IPONA
Employees can apply in Nuvoco IPOup to 5 lakh (500,000)
Employees Reservation in Nuvoco IPONA
Employees Discount in Nuvoco IPONA
Listing of Nuvoco at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of NuvocoNA
Registrar of Nuvoco IPO issueLink Intime India Private Limited
Nuvoco IPO highlights

Nuvoco IPO important dates regarding bidding, allotment, listing, refund etc. :

The probable dates regarding bidding, allotment, listing, refund of Nuvoco IPO are mentioned below.

Nuvoco IPO opens on09.08.2021
Nuvoco IPO Closes on11.08.2021
Allotment basis date of Nuvoco IPO17.08.2021
Money refund date of Nuvoco IPO18.08.2021
Shares of Nuvoco in Demat Account20.08.2021
Nuvoco IPO listing date on NSE, BSE23.08.2021
Nuvoco IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of Nuvoco IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ 5000 Crore
Fresh Issue size₹ 1500 Crore
Offer for Sale (OFS)₹ 3500 Crore
Employee Reservation
No. of Equity shares offered of Nuvoco IPO

Nuvoco financial statements details:

31.03.202131.03.202031.03.2019
(₹ million)(₹ million)(₹ million)
Total Assets1,99,075.70134,443.22132,617.03
Total Revenue75,226.9368,299.4471,058.88
Profit After Tax(259.19)2,492.55(264.88)
Nuvoco financial statements details

IPO Red Herring Prospectus (RHP) of Nuvoco:

Click here for IPO RHP of Nuvoco on SEBI website.

Objectives of the Nuvoco IPO Issue: (Source – RHP)

Fresh Issue Requirement of Funds

Our Company proposes to utilise the Net Proceeds towards funding of the following objects: 1. repayment/prepayment/redemption, in full or part, of certain borrowings availed of by our Company; and 2. General corporate purposes.

Business of Nuvoco: (Source – RHP)

We are the fifth largest cement company in India and the largest cement company in East India in terms of capacity. (Source: CRISIL Report). As of December 31, 2020, our cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and we are one of the leading ready-mix concrete manufacturers in India (Source: CRISIL Report). We are promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group. The Nirma Group is a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products and real estate development. The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. Thereafter, as a part of the Nirma Group we have grown the cement businesses, through acquisitions such as the acquisition of the Indian cement business of LafargeHolcim in 2016 and in 2020 by acquiring NU Vista. Earlier, in February 2020, we completed the merger of the cement undertaking of Nirma Limited located at Nimbol, Rajasthan with our Company. We have grown from being solely cement based to a building materials company with a vision to “Build a Safer, Smarter and Sustainable world”.

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