Nuvoco Vistas Corporation Limited

About the company

Incorporated in 1999, Nuvoco Vistas Corporation (NVCL) is the fifth-largest cement company in India and the biggest in the eastern India in terms of production capacity. The company has 11 cement plants in east and north India with a total production capacity of 22.3 million metric tonnes per annum (MMTPA). In fact, it is one of the fastest-growing cement makers in terms of capacity addition. Its production capacity accounts for around 17% of the total cement production capacity in east India. The company is also one of the leading ready-mix concrete (RMX) manufacturers in India with 49 RMX plants. It sells its cement through the distribution channels as well as the direct route. The company has 244 agents and 16,076 dealers. Its revenue has grown at a CAGR of 3% between FY19 and FY21. Out of these three financial years, the company has posted losses in two. As of March 2021, the company’s net debt stood at ₹6,730 crore with a debt to equity ratio of 0.9x.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   09 Aug 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   11 Aug 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   11 Aug 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   18 Aug 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   17 Aug 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   23 Aug 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.