Should I subscribe to Nuvoco vistas IPO?
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Should I subscribe to Nuvoco vistas IPO?
The public issue has garnered strong interest from analysts as a majority of them recommended subscribing to the issue for the long term citing reasonable valuations, optimism over the sector, government’s push for infrastructure & affordable housing, strong balance sheet, leadership in the Eastern Region, and below …
Is Nuvoco vistas a good investment?
Though the company has a strong market share with good brand names and financials are also decent. If we talk about Nuvoco vistas then investors can hold this stock for the long term on the back of a bullish outlook on the sector and strong market share,” said Santosh Meena, Head of Research, Swastika Investmart.
What can you do with a Nuvoco IPO?
The initial public offer aggregating up to ₹5,000 crore had a fresh issue of up to ₹1,500 crore and an offer for sale of up to ₹3,500 crore. Proceeds of the fresh issue will be used for repayment of certain loans availed by the company and general corporate purposes.
Should I hold Nuvoco?
It is good to hold for the long term. The outlook looks good to me in the long term for the cement sector and this company may do well in the long term. Therefore, this stock can be added to the portfolio for mid to long term,” Gaurav Garg, Head of Research at CapitalVia Global Research told Moneycontrol.
How many times Nuvoco vistas IPO subscribe?
CarTrade IPO subscribed 20.29 times; Nuvoco Vistas IPO subscribed 1.71 times.
Who is the owner of Nuvoco?
Nirma
Nuvoco Vistas/Parent organizations
In the grey market, unlisted shares of Nuvoco Vistas are commanding a marginal premium of Rs 5-6 per share over the issue price of Rs 570 apiece. The initial public offer aggregating up to Rs 5,000 crore had a fresh issue of up to Rs 1,500 crore and an offer for sale of up to Rs 3,500 crore.
What is GMP of Nuvoco vistas IPO?
Get Nuvoco IPO Gray Market Price can be checked here. Nuvoco Vistas is a limited company and is a part of the Nirma Group of Companies. It is one of the largest cement companies in India and has a variety of products….Nuvoco Vistas IPO Allotment Status.
| IPO Opens on | 9th August 2021 |
|---|---|
| GMP Today | Rs 40 |
Is Nuvoco fully subscribed?
Nuvoco Vistas Corp’s offer was fully subscribed on the third day of bidding. The offer received bids for 10.34 million equity shares against an IPO size of 39.95 million equity shares, according to the data available on exchanges. Retail investors portion was the most subscribed 1.29 times.
What is the Nuvoco Vistas IPO size?
Nuvoco Vistas IPO, which opens today, comprises fresh issuance of 263.16 lakh shares, worth Rs 1,500 crore, and an offer for sale (OFS) of 614.04 lakh shares, worth Rs 3,500 crore. Nuvoco Vistas Corporation’s initial public offering (IPO) opened for subscription on Monday, and will close on Wednesday, August 11.
Is Nuvoco IPO a good buy for cement sector?
Analysts are bullish on the Nuvoco IPO, as they find it fairly priced and see good prospects for the cement sector going ahead. The Nirma Group company’s issue comprises Rs 1,500 crore worth of fresh shares and Rs 3,500 crore offer for sale (OFS) by promoters.
Who is the owner of Nuvoco Vistas?
Nuvoco Vistas is promoted by Dr Karsanbhai K Patel and is associated with the Nirma Group. The Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol.
Why invest in Nuvoco?
“Nuvoco stands to benefit from high-growing regions where the company has a strong presence (East India). Its established record of strong performance and reputation for quality products in cement, RMX and modern building materials has helped the company build reputable brands in the building materials industry in India.