The Cement manufacturing company named Nuvoco Vistas Corporation, which is a part of the Nirma Group is all set to release its initial public offering (IPO) which is going to be released today and this three-day edition will terminate on 11th August 2021. The organisation has decided its initial public offering (IPO) value at Rs.560-570 per share and the firm has inflated toRs.1,500 crores from anchorman investors leading of its primary share trade. The IPO holds a further issuance of dividends meriting a cost of Rs. 1,500 crores along with an offer for sale (OFS) of around Rs.3,500 crores by the promoter of the company named Niyogi Enterprise. Nuvoco Vistas grey exchange reward (GMP) are nearby Rs.20 according to the exchange guards.
Nuvoco Vistas IPO Share Allotment Status
The proceeds of the new edition will be utilised for the compensation of several credits availed to the organisation and for common corporate objectives. The lead managers to their issues are Axis Capital, Capital markets India, HSBC Securities, ICICI Securities Ltd, SBI Capital Markets and JP Morgan India. The company finally released the IPO and all the trades and investors will easily trade on the firm to get the profits.
Talking about the company then the company named Nuvoco Vistas is a cement company with a consolidated limit of around 22.32 million metric tonnes per annum (MMTPA). The company has around 11 cement plants including five units of combined, five units of crushing and one unit of blending. The company has several cement production units ad the plants are situated in Haryana, Jharkhand, Rajasthan, West Bengal and Chhattisgarh.
The company Nuvoco Vistas, previously named Lafarge India Limited and the company announced in the month of February last year that the company will easily grab the 8.3 million tonnes per annum cement industry of Emami for an industry cost of around Rs.5,500 crore. The agreement was established by the Competition Commission of India (CCI) in the month of May last year.
ICICI Direct stated in a statement that the ‘NVCL company’s plants are spread in several parts of India and the company has three units of combined with five units of crushing and one unit of blending and all theses are situated in the east and north India. With this, they have an outstanding control in the central market as well as in the eats and north Indian market and all the company always produces a well and good comment for other companies and gives a tough fight to the other competitors. Stay tuned with us.
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