Company Background
Nuvoco Vistas Corp. 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 22.32 MMTPA. The company is a Nirma Group company, started operations in India in 1999 via acquisitions. Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. Thereafter, the company has grown the cement business, through acquisition of the Indian cement business of LafargeHolcim in 2016 and NU Vista (formerly Emami Cement Limited) in 2020. Today, the company has grown from being solely cement based to a building materials company with a vision to ‘Build a Safer, Smarter and Sustainable World’.
Business Information
The company has 11 Cement Plants in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India comprising five integrated units, five grinding units and one blending unit. Company’s Integrated plants are equipped with waste heat recovery systems with a total capacity of 44.7 MW, solar power plants with a total capacity of 1.5 MW and captive power plants with a generation capacity of 105 MW, which generates 47.74% (on a proforma basis) of their total power requirements. The company’s business portfolio includes- Cement Ready Mix Concrete (RMX) and Modern Building Materials (MBM).
Facts about the company
Nuvoco Vistas has grown its manufacturing capacity, sales and distribution network and market position through acquisitions over time.
Company has strong focus on innovation , with an emphasis on developing a comprehensive product range to meet the requirements of its customers, address the gaps in the market, and improve its profitability.
The company’s vision is to build a SAFER, SMARTER, and SUSTAINABLE WORLD
Company has highly competitive business environment
Points to note before investing in Nuvoco Vistas Ltd IPO
Nuvoco Vistas is a largest cement manufacturer in East India in terms of total capacity.
Company is strategically located cement plants with close proximity to key markets.
Company has strong brand recognition and a large distribution network.
Company has experienced promoters and managers team
Company ahs strong sales, marketing and distribution capabilitiesin East and North India, and strategic access to some key markets in Central India.
Company is dependent on a select number of suppliers for the supply of raw materials and coal and pet coke.
IPO Opening Date | August 9, 2021 |
IPO Closing Date | August 11, 2021 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹560 to ₹570 per equity share |
Market Lot | 26 Shares |
Min Order Quantity | 26 Shares |
Listing At | BSE, NSE |
Allotment , Listing and Refunds details
Basis of Allotment Date | August 17, 2021 |
Initiation of Refunds | August 18, 2021 |
Credit of Shares to Demat Account | August 20, 2021 |
IPO Listing Date | August 23, 2021 |
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