The cement maker joins other Indian companies such as Zomato in raising funds during the superior year for debut on bourses. Ltd is the fifth-largest player in India and the largest cement company in East India in terms of capacity with a consolidated capacity of 2232 MMTPA.
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And Nu Vista Limited are now together.
Nuvoco Vistas. The IPO share price is aggressively priced. Nuvoco Vistas Corporation IPO Initial Public Offering is all set to open for subscription on August 9 2021. Company had started operations in India in 1999 and since then have emerged as one of the major players in the building materials industry in India.
The company is seeking valuation of Rs 20357 core at the upper end of its. Nuvoco Vistas Corporation Ltd is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. Ltd a Nirma Group company started operations in India in 1999 via acquisitions.
Nuvoco Vistas Corporations initial public offering IPO will open for subscription on Monday and close on Wednesday August 11. The initial public offer of Nuvoco Vistas Corporation will hit the Street on MondayThe Nirma Group company is looking to raise about Rs 5000 crore from the primary market. Adhesives wall putty dry plaster cover blocks and more.
Will sell shares at Rs 560-570 apiece in its three-day initial public offering starting Aug. And Nu Vista Limited come together with the vision of building a safer smarter and sustainable world together. The Nuvoco Vistas Limited company was incorporated in 1999 and is.
The company is planning to raise Rs 5000 crore through its public issue this week. Ltd a Nirma Group company started operations in India in. 9 as the cement maker joins other Indian companies in raising funds during a record year for maiden offers.
It offers a diversified range of products such as cement Ready-mix Concrete RMX and modern building materials ie. Nuvoco Vistas Corp. Nuvoco Vistas Corporation Ltd is tapping the capital market with its fresh issue for Rs1500 crore and an offer for sale OFS of Rs 3500 crore.
About Nuvoco Vistas Corporation Ltd. Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 2232 MMTPA. The Rs 5000-crore IPO of Mumbai-based Nuvoco -- a Nirma group company -- comprises fresh issuance of 26316 lakh shares worth Rs 1500 crore and an offer for sale OFS of 61404 lakh shares worth Rs 3500 crore.
Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. Nuvoco Vistas Corporation IPO Allotment Status Nuvoco Vistas Corporation IPO Allotment is not declared yet we will provide the link for status once allotment is out. Ltd is the fifth-largest player in India and the largest cement company in East India in terms of capacity with a consolidated capacity of 2232 MMTPA.
Company has incurred losses for 2 years out of last 3 financial years. The shares of Nuvoco Vistas IPO will be allotted on 17 August 2021 The tentative date of Nuvoco Vistas IPO listing is around 23 August 2021. It has 11 cement plants.
Nuvoco Vistas will use the proceeds of Rs 1350 crore from the fresh issue for repaying in part or full of certain borrowings and general corporate purposes. In the unlisted space the companys shares were trading at. Nuvoco Vistas IPO Opens Today.
Company revenues are fluctuating in the last 3 years. The total offer issue mix comprises a fresh issuance of equity shares aggregating up to Rs 1500 crore and an offer for sale of equity shares aggregating up to Rs 3500 crore. Incorporated in 1999 Nuvoco Vista Corporation Ltd a part of Nirma Group Company is among one of the largest cement companies and concrete manufacturers in India.
Nuvoco Vistas IPO will remain open for bidding till August 11. Nuvoco Vistas IPO. Risks The business is dependent upon its ability to mine procure sufficient limestone for operations and any inability to do so could have an adverse impact The recently enacted Mines and Minerals Amendment Act 2021 Amendment Act may result in lapsing of letters of intent for the grant of mining leases under.
The price band is in the range of Rs 560-570. Company Address Nuvoco Vistas Corporation Limited. Nuvoco Vistas will sell shares at Rs 560-570 per share in its 3 day initial public offering starting on August 9 to 11 2021.
The Nuvoco Vistas initial public offering IPO opened on Monday. Nuvoco Vistas Ltd is part of Nirma group and is one of the largest cement companies and concrete manufacturers in India. Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 2232 million metric tonnes per annum MMTPA.
It has 11 cement plants comprising five integrated units five grinding units and one blending unit.
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