Nuvoco IPO details (9 – 11 Aug), (Price: 560-570)
Listing date and Listing Price of Nuvoco IPO:
- Nuvoco IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Nuvoco IPO on NSE – Click Here
- 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:
- Check the allotment status of Nuvoco IPO on the below link given by Link Intime.
- 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|
Nuvoco IPO highlights:
|Nuvoco IPO bid Opens on||9 Aug 2021|
|Nuvoco IPO bid Closes on||11 Aug 2021|
|Post issue Modification Period||12-Aug-2021 (10.00 A.M. to 11.00 A.M.)|
|Cut-off time for UPI Mandate Confirmation||12-Aug-2021 (upto 12:00 PM)|
|Issue type||100% Book Building|
|Nuvoco IPO issue size||₹ 5000 Cr|
|Face value of each equity share||Rs. 10|
|Nuvoco IPO Price band||Rs.560 to Rs.570 per share|
|Nuvoco IPO market lot||26 equity shares and multiples of 26|
|Nuvoco IPO minimum order quantity||26 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 IPO||50 %|
|NIB portion reservation in Nuvoco IPO||15 %|
|Retail portion reservation in Nuvoco IPO||35 %|
|Retail individual bidder can apply in Nuvoco IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in Nuvoco IPO||NA|
|Employees can apply in Nuvoco IPO||up to 5 lakh (500,000)|
|Employees Reservation in Nuvoco IPO||NA|
|Employees Discount in Nuvoco IPO||NA|
|Listing of Nuvoco at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of Nuvoco||NA|
|Registrar of Nuvoco IPO issue||Link Intime India Private Limited|
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 on||09.08.2021|
|Nuvoco IPO Closes on||11.08.2021|
|Allotment basis date of Nuvoco IPO||17.08.2021|
|Money refund date of Nuvoco IPO||18.08.2021|
|Shares of Nuvoco in Demat Account||20.08.2021|
|Nuvoco IPO listing date on NSE, BSE||23.08.2021|
How much shares of Nuvoco IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 5000 Crore|
|Fresh Issue size||–||₹ 1500 Crore|
|Offer for Sale (OFS)||–||₹ 3500 Crore|
Nuvoco financial statements details:
|(₹ million)||(₹ million)||(₹ million)|
|Profit After Tax||(259.19)||2,492.55||(264.88)|
IPO Red Herring Prospectus (RHP) of Nuvoco:
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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