Incorporated in 1999, Nuvoco Vistas Corporation Ltd is the Fifth-largest cement company in East India in terms of capacity.(Source: CRISIL Report). As of December 31, 2020, the Company's production capacity constituted approximately 4.2% of total cement capacity of India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and also the company is one of the leading ready-mix concrete manufacturer in India (Source: CRISIL Report).
Nuvoco Vistas Corporation Ltd is a part of Nirma Group. The Nirma group forayed in to the cement business 2014 through greenfield cement plant in Nimbol. Thereafter, as a part of the Nirma Group the company has grown the cement business, through acquisition such as the acquisition of the Indian Cement Business of LafargeHolcim in 2016 and in 2020 by acquiring NU Vista. Nivoco Vistas Corporation Ltd completed the merger of the cement undertaking of Niram Group located at Nimbol, Rajasthan in February 2020.
The Company's cement plants are located in states of West Bengal, Bihar, Odisha, Chattisgarh and Jharkhand in Esat India and Rajasthan and Haryana in North India. While RMX plants are located acrross India. As of December 2020, the company's cement plants installed capacity of 22.32 MMTPA.
The Company sales its products in the tread segment (individual home buyers) and non-trade segment (institutional and bulk buyers). Its has a strong distribution network with 15969 dealers and 225CFAs. The Company offer a range of over 50 products across cement, RMX and modern building material.
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Strengths of the Company:-
- Largest Cement manufacturing company in East India in terms of Total Capacity.
- Market leading brands.
- Strategically located cement production facilities.
- Diversified product portfolio.
- Strong research, development and technological capabilities.
Financials of the Company:-
|
Particulars |
Details as on Financial Year Ended (amt in a million) |
||
|
|
31-03-2021 |
31-03-2020 |
31-03-2019 |
|
Total Assets |
199075.70 |
134443.22 |
132617.03 |
|
Total Revenue |
75226.93 |
68299.44 |
71058.88 |
|
Profit after Tax |
-259.19 |
2492.55 |
-264.88 |
Nuvoco Vistas Corporation IPO Details:-
|
IPO Opening Date |
09-08-2021 |
|
IPO Closing Date |
11-08-2021 |
|
Issue Type |
Book Built Issue IPO |
|
Face Value |
₹10 per Eq. Share |
|
IPO Price |
₹560 to ₹570 per Eq. Share |
|
Market Lot |
26 Share |
|
Issue Size |
₹5000.Cr |
Schedule of Nuvoco Vistas Corporation IPO:-
The IPO opens on 09-08-2021, closes on 11-08-2021, allotment on 17-08-2021 and listing on 23-08-2021.
Our View:-
Must apply for this IPO for listing gain as well as for investing purpose.
Expected Premium:-
10% to 30%
Recent IPO Links:-
