Nuvoco Vista Corporation Limited Opens IPO (IPO) on Monday. This problem subscribes to 0.16 times after the first day of the offer. Individual retail investors for this problem have subscribed to a total of 0.31 times on the first day. Non-institutional (NII) investors have bought 189,176 equity shares against the portions allocated 1.33 crore equity shares. Qualified institutional buyers (Qibs) on the other hand put offers for 364 equity shares to parts ordered by 1.78 crore shares. Nuvoco Vistas has reduced the size of the problem of 8.77 crore equity shares to 6.25 crore equity shares. This happened after the company managed to collect 1,500 crore Rs from anchor investor before the opening of the problem, on August 6 the problem was opened on Monday and planned to close the subscription on August 11 on August 11.

The Qib investor segment has a 50 percent reservation for public problems. NII on the other hand only has a 15 percent reservation for Nuvoco Vista IPO. Retail investors for this problem enjoy 35 percent of stock reservations. In terms of lot size, a lot for this problem reaches 26 shares at the lower end and bring the number of RS 14,820 applications. The upper limit of lots carry 338 shares that come with the number of RS 192,660 applications. Retail investors are allowed to register up to 13 lots at the tip higher than Lot size.

Nuvoco Vista IPO has a problem size of Rs 5,000 Crore consisting of new problems and offers for sale (OFS). New problems combine up to 1,500 crore and OFS rs collected to rs 3,500 crore. Public problems bring the nominal value of the shares of Rs 10 per equity and ribbon price of Rs 560 to RS 570 per equity share.

Premium Market Gray (GMP) IPO achieved at RS 20, which showed that shares traded at Rs 580 to Rs 590 in the gray market that was not registered on August 10. The previous day GMP was Rs 40 and its shares traded Rs 600 to RS 610 in the Gray Market.

The company was included in 1999 and is part of the Nirmal company group, which is one of the largest cement and concrete producers in India. It specializes in a variety of products such as cement, concrete-mix (RMX), and modern building materials such as adhesives, putty walls, dry plaster, block cover and so on. The company’s main target is individual home buyers and institutional / bulk buyers in the non-trade segment. It has a strong distribution network of 15,969 dealers and 225 CFAs. The company has a cement and manufacturing plant in West Bengal, Bihar, Odisha, Chhattisgarh, Jharkhand, Rajasthan and Haryana.

Should you subscribe to Nuvoco Vistas Corporation Limited IPO?

Speaking on the growth of the company from time to time, Ventura Securities said, “During the TA19-21 period, income has grown on CAGR 3% to INR 7,488.8 CR even though there is a disturbance caused by Covid-19 pandemic. EBITDA grows at more speeds Fast 26.2% to INR 1.460.5 CR (EBITDA Margin + 650bps to 19.5%, EBITDA / TON + INR 233 to INR 966 CR). The company suffered a loss of INR 26.5 CR on FY19, profit INR 249.3 CR on FY20 but suffered more losses on TA21 as far as RS INR 25.9 CR. Deferred tax expense for the year ended March 31 2021 includes RS 54.2 CR into a one-time tax impact of the Goodwill taken from the scope of tax depreciation WEF April 1 2020 by the Financial Bill enactment on March 2021. “

Talking about the reason for investment for this IPO, said Angel Broking, “a considerable production capacity coupled with its successful growth with the acquisition has worked to support this cement manufacturing company. Collectively, these factors manifested as positive excesses for this company.”

Angel broking then added, “Investors are willing to take part in the upside down phase of the infrastructure industry, in general, can consider subscribing to this upcoming IPO shares. However, investors must make a point to get substantial information about Nuvoco Vistas, its prospects,