Nuvoco Vistas IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Nuvoco Vistas IPO will hit the market soon, and you can apply for the IPO from 9th August to 11th August 2021. Nuvoco Vistas is planning to raise ₹5,000 Crores through an IPO which consists of fresh issue of ₹1,500 Crores worth equity and OFS (Offer For Sale) of ₹3,500 Crores by existing shareholders.

Nuvoco Vistas comes under the Nirma group of companies. Nuvoco started its operations in 1999. They are leading companies in the construction material manufacturing segment. The company is the fifth-largest in India and the largest cement company in East India. They acquired the Indian Cement business of LafargeHolcim in 2016 and Emami Cement in 2020. Also, check IPO GMP for upcoming IPOs.

Nuvoco Vistas IPO Dates & Price Band:

Open date9th August 2021
Close date11th August 2021
Total Size of IPO₹5,000 Cr.
Fresh Issue 1,500 Cr.
Offer for Sale₹3,500 Cr.
Price Band₹560- ₹570
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Nuvoco Vistas IPO Market Lot:

The minimum market lot of Nuvoco Vistas IPO is 26 shares with 14,820 applications. Retail investors can apply for 13 lots with 338 shares application worth192,660.

ApplicationLotSharesCut Off Amount
Minimum (RII)12614,820
Maximum (NII)13338192,660

Should you subscribe to Nuvoco Vistas?

We have researched and mentioned the strengths and risks of the Nuvoco Vistas IPO. The final verdict will help you make the right decision.

Strengths –

  • They have strategically placed their cement manufacturing units near the marketplace.
  • Top cement manufacturing company in East India.
  • Large distribution of networks.

Risks – 

  • Financial track record is not so strong in terms of profits.
  • Their manufacturing capacity is being underutilized which is not a good sign.

Honest Review – 

While they are one of the top companies in East India and throughout India, their financials are less than expected. Profits and losses for Nuvoco Vistas have fluctuated continuously over the last three to four years. We would suggest keeping a track of financials after listing and decide further by seeing results. 

Listing gains are not very attractive for Nuvoco Vistas IPO. It’s early to predict but Nuvoco Vistas IPO can give great listing gains by seeing other IPOs performing well. You can keep a track of Nuvoco Vistas IPO GMP here.

Nuvoco Vistas IPO Allotment & Listing Dates:

Nuvoco Vistas IPO’s open date is 9th August and the closing date is 11th August. Allotment of shares will be done on 17th August and the listing date on NSE & BSE is 23rd August 2021.

Allotment Date for Nuvoco Vistas – 17th August 2021
Refund Date for Nuvoco Vistass – 18th August 2021
Credit of Shares to Demat Account – 20th August 2021
Listing Date for Nuvoco Vistas –23rd August 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Nuvoco Vistas IPO:

The financials of Nuvoco Vistas are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
2019710625.29
2020 6830249.25
2021 752326.54

About Nuvoco Vistas

Nuvoco Vistas is among the leading companies in East India in terms of Capacity. They have 11 cement plants in states Bihar, Jharkhand, West Bengal, Odisha, and Chhattisgarh in East India. In North India, they operate in Haryana and Rajasthan. 

They have CDIC – Construction Development Incubation Center which is based in Mumbai accredited by NABL which serves as an incubation center for cement mixture, concrete, etc. Today they have grown and acquired the Indian Cement business of LafargeHolcim in 2016 and Emami Cement in 2020.

IPO Registrar Details –

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L. B. S. Marg, Vikhroli West
Mumbai – 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]

Nuvoco Vistas Contact Details –

Nuvoco Vistas Corporation Limited
Equinox Business Park,
Tower 3, East Wing, 4th Floor,
LBS Marg, Kurla (West),
Mumbai – 400 070, Maharashtra
Tel: +91 22 6769 2500  

Nuvoco Vistas IPO FAQs –


When will Nuvoco Vistas IPO open for Investors?

Nuvoco Vistas IPO will open on 9th August 2021 and will close on 11th August 2021.

What is Nuvoco Vistas IPO Retail Portion?

The portion allocated for retail investors in Nuvoco Vistas IPO is 35%

How to apply for Nuvoco Vistas IPO?

You can apply Nuvoco Vistas IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Nuvoco Vistas IPO?

While they are one of the top companies in East India and throughout India, their financials are less than expected. Profits and losses for Nuvoco Vistas have fluctuated continuously over the last three to four years. We would suggest keeping a track of financials after listing and decide further by seeing results. 

What is the allotment date for Nuvoco Vistas shares?

11th August 2021 is the allotment date for Nuvoco Vistas shares.

What is the listing date for Nuvoco Vistas IPO?

23rd August 2021 is the listing date for Nuvoco Vistas. It will be listed on NSE and BSE.

What is the cutoff price for Nuvoco Vistas IPO?

The cutoff price for Nuvoco Vistas IPO is ₹570 per share.

Will Nuvoco Vistas IPO give listing gains?

Investors can invest for the long term in Nuvoco Vistas. It’s early to predict but Nuvoco Vistas can give great listing gains by seeing its grey market premium. You can keep a track of Nuvoco Vistas IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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