Nuvoco Vistas Corporation - For those who care beyond the GMP (based on FY21 consolidated financials & post-money (top end of the price band)):
Tax Adj. RoCE (%): 3.5% RoE (%): -0.4%
EV / Revenue (X): 3.4x EV / EBITDA (X): 17.5x P / E (X): -785.4x
Primary of INR 15 bn + OFS of INR 35 bn with FY21 C&CE of INR 9,119 mn on books and operating cash positive with healthy EBITDA / CFO. PAT & return ratios looks weak due to multiple justifiable reasons.
@Team.chittorgarh...can you move up nuvoco details on the main dashboard .. it''s really confusing and people might Miss to subscribe the IPO.. Thank you in advance π
Huge IPO π³ of a loss making Company! 35% for Retail portion ππ Those who were depressed for not getting allotment in IPOs,π₯²π₯² And those cribbing on Link Intime; WILL BE ALLOTTED HANDSOMELY IN THIS IPO!!!ππ
Log pahele dalege devyani me / 2nd dalege krishna / 3rd dalege car trade / 4th ye nirma wala... Abhi nirma ka lagne ka chance 100% he.. Kyuki retail 35% he... Bas ek bar koi premium bol do... Baki sab cancel isme bhar ke bech dege ππ
Nirma Group''s cement company, Nuvoco Vistas Corp. Ltd, has fixed its initial public offering (IPO) price at Rs 560-570 a share. Earlier the firm said its issue will open on 9 August and close on 11 August.
The IPO will comprise a fresh issue of Rs 1,500 crore and an offer for sale of Rs 3,500 crore by its promoter entity Niyogi Enterprise Pvt. Ltd. Niyogi Enterprises holds 86.56% stake in the company.
The proceeds from the fresh issue of shares will be used for repayment in full or part of certain borrowings availed by the company.
As of March 2021, total borrowings (long-term and short-term) of the company stood at Rs 7,642.18 crore.
For fiscal year 2020, Nuvoco Vistas'' revenue from operation stood at Rs 6,793.24 crore versus Rs 7,052.13 crore a year ago. Net profit for the period was at Rs 249.26 crore against a loss of Rs 26.49 crore. For the nine months ended December 2020, the firm reported revenue of Rs 4,857.22 crore against a net loss of Rs 63.45 crore.
ICICI Securities Ltd, Axis Capital, HSBC Securities and Capital markets India, JP Morgan India and SBI Capital Markets are the lead managers to the issue.
Nuvoco Vistas Corp., the fifth largest cement company in India, began its journey after acquiring the Indian cement business of LafargeHolcim in 2016 for $1.4 billion. In 2020, it inked a $770 million deal to buy the cement assets of Emami Group.
Its cement plants are located in West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in east India and Rajasthan and Haryana in north India, while ready mix concrete (RMX) plants are located across India.
As of December 2020, its cement plants have an installed capacity of 22.32 million metric tonnes per annum (MMTPA), while as of March 2021, it operates 49 RMX plants.
IPO Open : August 9, 2021 IPO Close : August 11, 2021 Basis of Allotment : August 17, 2021 Initiation of Refunds: August 18, 2021 Credit of Shares : August 20, 2021 IPO Listing Date : August 23, 2021
IPO Open : August 9, 2021 IPO Close : August 11, 2021 Basis of Allotment : August 17, 2021 Initiation of Refunds: August 18, 2021 Credit of Shares : August 20, 2021 IPO Listing Date : August 23
NIRMA group already have a nse & bse listed company SHREE RAMA MULTI tech . . Nuvoca vista another group co with IP[O in mind , was earlier known as Emami cement too appear to be a loss making co . not clear what price the ipo will come but it might give a face lift to relatively unknown group co .