This company can be avoided..
Nuvoco Vistas Corporation Limited IPO
(i) It is the fifth-largest cement company in India and the largest cement company in East India in terms of capacity. Its cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India, and 5% of total cement capacity in North India, and it is one of the leading ready-mix concrete manufacturers in India
(ii) It is promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group. The Nirma Group is a diversified conglomerate that manufactures products ranging from chemicals to detergents, soaps, healthcare products, and real estate development. The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. Thereafter, as a part of the Nirma Group, it has grown the cement businesses, through acquisitions such as the acquisition of the Indian cement business of LafargeHolcim in 2016 and in 2020 by acquiring NU Vista.
(iii) Its Cement Plants are in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India, while its RMX Plants are located across India. It has eight Cement Plants located in East India and three in North India. Three of its plants in East India are integrated units and five plants are grinding units. Two of its plants in North India are integrated units and the third is a blending unit. It operates 49 RMX Plants which are in key states in India.
(iv) It also transports clinker from its integrated Cement Plants to its grinding units via rail and road. Gypsum, coal, slag, and pet coke, which are essential raw materials for the manufacture of cement and generation of power for our captive power plants, are sourced via rail and road. It is the fastest-growing cement company in terms of capacity addition on percentage terms with installed capacity doubling over the last five years post the acquisition of NUVista. We offer a range of over 50 products across cement, RMX, and modern building materials.
(i) Largest cement manufacturing company in East India in terms of total capacity
(ii) Market-leading brands
(iii)Strategically located cement production facilities
(iv) Extensive sales, marketing, and distribution network
Objects of the Nuvoco Vistas Corporation Limited IPO:
Nuvoco Vistas Corporation Limited IPO Details:
|Open Date:||Aug 09 2021|
|Close Date:||Aug 11 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built|
|Issue Size:||5000 Cr.|
|Lot Size:||26 Shares|
|Issue Price:||₹ 560 - 570 Per Equity Share|
|Listing Date:||Aug 20 2021|