Nuvoco Vistas Corporation Ltd. IPO

Established in 1999, it is a manufacturing company that mass produces cement, Ready-Mix Concrete & Modern Building Materials, with various other products.

RHP
View
DRHP
View
Open Date

2021-08-09

Close Date

2021-08-11

IPO Details

Check out the issue details for Nuvoco Vistas Corporation Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 570

Price Band

₹ 560 - 570

Issue Size

5000 Cr.

Issue Type

Book Built

Open

2021-08-09

Close

2021-08-11

Listingprice

₹ 485

ListingGain

-14.91%

Listing Date

2021-08-23

CMP

₹ 343

Current Return

-39.82%

Company Financials

You can get the following financial statements of Nuvoco Vistas Corporation Ltd. as of now.

Subscription Details

The approx valuation of Nuvoco Vistas IPO company based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 570
Existing Shares (Qty) 33.08 Cr
Fresh Issue (Qty) 2.63 Cr
Market Cap 20355 Cr
EPS  Rs -0.82 
Industry PE ~36x

 

Nuvoco Vistas IPO issue size is 5000 Cr

Issue Amount
Fresh Issue 1500 Cr
Offer For Sale 3500 Cr

 

An Individual can apply for a minimum 1 lot of 26 shares and a maximum of 13 lots of 338 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 26 Rs 14,820
 Maximum 13 338 Rs 1,92,660

 

Nuvoco Vistas IPO is subscribed 1.71 times till 11th August. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription 
Qualified Institutional Maximum 50% 9.23 Times
Non-Institutional Minimum 15% 0.66 Times
Retail Individual Minimum 35% 0.73 Times
Total   1.71 Times

Allotment Details

Once you have subscribed to an IPO, you have to wait for its allotment to your account. Find below the dates of allotment of Nuvoco Vistas IPO:

Schedule Date
Basis of Allotment 17 August 2021
Refunds 18 August 2021
Credit to Demat Account 20 August 2021
IPO Listing Date 23 August 2021

 

When the allotment is out, you can check it from the registrar's website. Find the Nuvoco Vistas IPO allotment status here.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 7052.62 6793.24 5805.35 7342.36 8581.52
Total Expenditure 6149.32 5496.1 4685.03 6304.36 7762.02
Operating Profit 903.3 1297.14 1120.32 1038 819.5
Other Income 53.27 36.7 83.41 115.9 97.79
Interest 452.17 419.21 516.91 401.15 353.32
Depreciation 485.11 527.88 587.33 651.56 696.2
Exceptional Items 0 0 0 0 -238.22
Profit Before Tax 19.29 386.75 99.49 101.19 -370.45
Provision for Tax 43.09 137.5 76.71 46.03 -460.62
Net Profit -23.8 249.25 22.78 55.16 90.17
Adjusted EPS (Rs.) -0.12 1.03 0.07 0.15 0.25

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 200 242.36 315.09 357.16 357.16
Total Reserves 4793.68 5036.88 7057.25 8535.95 8626.68
Borrowings 3318.34 2931.25 3894.38 2770.72 2222.89
Other N/C liabilities 1506.8 1598.55 1666.98 1701.23 1331.36
Current liabilities 3391.17 3635.24 3839.44 3269.46 3882.88
Total Liabilities 13209.99 13444.28 16773.14 16634.52 16420.97
Assets
Net Block 9841.98 9968.98 9785.59 10343.76 10060.31
Capital WIP 604.88 646.93 960.92 144.09 305.32
Intangible WIP 0 0 0 0 0
Investments 0.05 0.05 2271.28 2271.28 2271.28
Loans & Advances 327.79 391.3 1366.6 1476.23 1563.07
Other N/C Assets 430.7 430.14 429.44 429.53 193.62
Current Assets 2004.59 2006.88 1959.31 1969.63 2027.37
Total Assets 13209.99 13444.28 16773.14 16634.52 16420.97
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 24.88 25.15 29.42 28.26 34.08
Profit Before Tax -45.95 -251.67 9.21 16.35 52.57
Tax -19.71 -418.64 3.06 -15.63 22.14
Profit After Tax -26.24 166.97 6.15 31.98 30.43
Adjusted EPS (Rs) -0.73 4.67 0.17 0.9 0.85

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 72.02 0
Dec 2023 71.79 0
Sep 2023 71.79 0
Jun 2023 71.79 0
Mar 2023 71.79 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 19.29 386.75 99.49 101.19 -370.45
Adjustment 866.59 940.47 1015.92 980.21 1230.45
Changes in Assets & Liabilities -23.01 -198.95 310.27 -189.79 185.25
Tax Paid -16.46 -100.24 -39.45 -56.95 -22.29
Operating Cash Flow 846.41 1028.03 1386.23 834.66 1022.96
Investing Cash Flow -128.42 -313.39 -3798.98 -209.36 -134.54
Financing Cash Flow -636.42 -559.05 2574.58 -980.73 -773.61
Net Cash Flow 81.57 155.59 161.83 -355.43 114.81
X