Nuvoco Vistas IPO

Nuvoco Vistas Corporation Ltd.

₹14,560 /26 sharesMinimum Investment

Nuvoco Vistas IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Aug ‘21 - 11 Aug ‘21₹14,56026₹560 - ₹570
Issue SizeIPO Doc
5000.00Cr
RHP PDF

Subscription Status As on 11 Aug '21, 5:00 PM

  • Retail Individual Investor
    0.73x
  • Non-Institutional Investor
    0.66x
  • Qualified Institutional Buyers
    4.23x

About Nuvoco Vistas

Nuvoco Vistas Corporation Ltd. is one of the top cement companies in India. It has cement plants in West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India, and Rajasthan and Haryana in North India, with around 49 RMX Plants across India. The company distributes its products through the trade segment, which mainly caters to individual home buyers, and the non-trade segment, which is mainly via direct sales to institutional and bulk buyers.;
Parent Organisation
Nuvoco Vistas Corporation Ltd.
Founded
1999
Managing Director
Jayakumar Krishnaswamy
Nuvoco Vistas IPO Review, Date, Price, Analysis & Details - Upcoming IPO 2021

Strengths & Risks

  • Largest cement manufacturer in East India and the fifth largest cement manufacturer in India in terms of capacity according to Nuvoco Vistas IPO details.
  • Established record of strong performance and reputation for quality products in cement, RMX, and modern building materials.
  • Cement production facilities are strategically located in close proximity to raw materials and key markets.
  • Strong sales, marketing and distribution capabilities in East and North India, and strategic access to some key markets in Central India.
  • Nuvoco Vistas has grown its manufacturing capacity, sales and distribution network, and market position through acquisitions over time.
  • 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.
  • Experienced Promoters with a strong management team.
  • Inability to mine or procure sufficient limestone for its operations.
  • Recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2021 may result in lapsing of letters of intent for the grant of mining leases under Section 10A of the MMDR Act.
  • Dependence on the continued availability of coal, water, labor, and raw materials used in the production of cement, the costs and supply of which can be subject to significant variation due to factors outside the company’s control.
  • Inability to effectively integrate its operations with its acquisitions and achieve operational efficiency.
  • Underutilization of its manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities
  • Inability to comply with repayment and other covenants in the financing agreements.
  • Dependence on the demand for cement from various sectors such as infrastructure, housing, and commercial real estate.
  • Highly competitive business environment.
  • Manufacturing activities and mining operations involve dealing with hazardous substances and are subject to risks of operational h.azards, which can cause injury to people or property in certain circumstances.
  • Non-compliance with and changes in any laws relating to the environment, health, and sustainability, including health, safety, labor, environmental or forest conservation laws, and other similar regulations.
  • Dependence on a select number of suppliers for the supply of raw materials and coal and pet coke.

Financials

*All values are in Rs. Cr
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