Nuvoco Vistas Corporation Ltd IPO Message Board (Page 11)

*IPO News - M/s. Nuvoco Vistas Corporation Ltd.*

*Insolvency Petition filed under Sec. 9 of The Insolvency and Bankruptcy Code, 2016 against M/s. Nuvoco Vistas Corporation Ltd.*

On 07th August, 2021 Ramesh Stone Supply & Co. filed an Insolvency Petition under Sec. 9 of the The Insolvency and Bankruptcy Code, 2016 before NCLT - Mumbai bench against M/s. Nuvoco Vistas Corporation Ltd. for non-payment of an aggregate amount of Rs. 5,30,51,218.05/- (Rupees Five Crore Thirty Lakhs Fifty One Thousand Two Hundred Eighteen Rupees and Paise Five Only) consist of principal amount of Rs. 4,13,97,406.05/- (Rupees Four Crore Thirteen Lakhs Ninety Seven Thousand Four Hundred And Six Rupees and Paise Five Only) along with the interest at the rate of 18 % per annum amounting to Rs.1,16,53,812.00 @18% p.a. till 24/06/2021 (Rupees One Crore Sixteen Lakhs Fifty Three Thousand Eight Hundred and Twelve Rupees Only).

Ramesh Stone Supply & Co. also filed Form SCP (SERIOUS COMPLAINT FORM) with MCA-21 - Serious Fraud Investigation Wing requesting a thorough business investigation against M/s. Nuvoco Vistas Corporation Ltd. They have also rrequested SEBI, ROC- Mumbai, Regional Director, Official Liquidator, Serious Fraud Investigation Office, GST, Income Tax, Labour Law Authority to conduct the impartial thorough business investigation against M/s. Nuvoco Vistas Corporation Ltd. for lack of business ethics, lack of corporate governance, lack of business control, lack of business efficiency, lack of inter departmental communication, absence of quality internal audit, lack of business commitment, lack of business professionalism, misuse of Corporate Power, Business harassment of small MSME registered businesses, taking the legal actions of small MSME registered businesses for granted, violation of payment terms as per MSMED Act, 2006 and malafied intention of defrauding the stakeholders.

They have also requested the various authorities to stop the IPO of the Nuvoco for safeguarding the interest of large public and stakeholder’s till the time result of this Insolvency Petition doesn’t come.

*Google Drive Link having all the Insolvency Petition documents* https://drive.google.com/drive/folders/1RzAhtZ_ei5NwDCM5LwxG0g8Ztegyo4VD?usp=sharing

Sharing this news solely for
#Investors Protection#
#Investors Awareness#

Nirma itself voluntarily delisted and later under controversial circumstances SNATCHED the shares of unwilling shareholders by cash credit of 260 per share using the law of "Compulsorily extinguishing entire non promoters equity" . Already listed co ..Shree rama multitech * (listed at nse and bse) too not doing well ........

@Cool hunk very good piece of information
I personally think nobody should apply for this ipo as it is the company without ethics and the money collected through ipo will be siphoned by the promoter and public will be left with nothing in their hand

GMP 12

8/9

Minimum listing gain 22%+ i don''t belive on gmp i remember easy my trip listing and today rolax, go with your own reserch and belif.

Nuvoco GMP today : 40 Rs.

🤣🤣🤣

Ha Ha

Looking at the mediocre subscription figures I think issue will be extended.

Big Avoid !! Chances of Negative Listing.
P/E 201 Highest Among Industries
Debit is High Above 6000cr
Profit are Not Stable

@Santosh Pareek
From where did you copied the para. It does not look like regular investor language

They are going to use fund raised by IPO to repay full or partial deb of 6kcr. so debt is not going to be any concern hence forth growth is.

Negative listing, likh lo.....

All the issues likely to be disaster. Need to take a look at all the issues. Save the money. Don''t think of profit now. Don''t allow the companies to made fool of people. All companies are not like Gland.
Wait and watch.

Nirma itself voluntarily delisted and later under controversial circumstances Snatched the shares of unwilling non promoter shareholders by cash credit of 260 per share using the law of Compulsorily extinguishing all non promoters equity . Already listed co ..Shree rama multitech * (listed at nse and bse) too not doing well ........very high offer price and huge portion is OFS and comparing with Ambuja cement look absurd.

Super flop Ipo ipo party is over

Almost...Over

MANY MsgS Being shown as Today''s MSGs while infact msgs R Old why ?

Ratail is 10% or 35%? please advise thanks

35%

out of four only chemplast retail is 10% remaining three with 35% retail reservation

Gmp of Nuvoco vista is 32 - 34 rs...
Big size issue..
Allotment chances are very high..
Wait for last day subscription data of hni..

madam
sbi closes 2pm . icici & many other 3 pm .
HNI game many times start after 3 pm ( Krishna dia. )
how we can replicate HNI ?
Only option SEBI closes QIB /HNI 1 Day before RTEtail like ofs

@Retail .. ha ha .. What an idea... 👏👏🤯.
Then All ipo mystery solved before the last day of subscription.

Nuvoco IPO
GMP 30 +/- 1

very less premium.
Avoid applying ?

If the stock is expensive, GMP won''t count. Any new stock can go +-10% in a whisker. Conservative investors should avoid.

CarTrade, Chemplast, Aptus:
Looks like financials nos. are cooked for IPO launch.
I am not an accounting expert but something wrong in financial nos.

Only Nuvoco''s financial nos. looks actual.

Be careful before apply.

Dear forum, I am a newbie to markets so my question could be dumb. Looking at PAT for last three FY, how can it raise from negative 264M to 2492M and again dip to 259M? Comparing FY19 and FY20, the total revenue has actually reduced by 3000 M.

Capital Market - Avoid
TopShareBroekrs - Avoid

Need to think twice before applying.

No gmp ?? Something seriously wrong with the company...

@sharekhanT
By number of messages posted you must be applying for 100 applications?

@arunArun ji, by number of messages posted by @sharekhanT this time he might get a bonus too along with the salary from Nuvoco.. and maybe some Nirma washing powder to wash off those stains. LOLzzz

4 ipo ka rs. Nuvoco me nahi use hoga..
Nuvoco allotment chances are 100% .
1:1 abhi premium 40 he. 😍

Baki sab log 30 per 1 / 35 per 1 laga ke bethe rahege aur yaha 100% allotment wale khel jayege..😍 btw me bhi khelne wala hu 😉

@ chalaklomdi tara moh ma ghee gol....

Me too wait 40-50 gmp. If come then enjoy with apply lots of applications..

Lagta he duniya car trade me kamayegi aur apun nuvoco me! Kis kis ne 38 Premium me maal fuk diya !! Aur ab maje se popcorn kha rahe he !!

When there are too many negative things pointed in Dilip sir''s review. Then why the recommendation as "May apply" instead of "Avoid".

Learned after zomato Fiasco''s