Nuvoco Vistas IPO subscription to start from August 9, 2021, Monday. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on August 11, 2021, Wednesday. The company to raise ₹5000 crores via initial public offering at a price band of ₹560 to ₹570. The minimum bid for the IPO is 26 shares that cost ₹14,820 for l lot.
The Nuvoco Vistas is a group company of well known Nirma Group. They are one of the largest cement manufacturer in India. The company reported ₹7523 crores of revenues in 2021 against ₹6830 crores in 2020. The PAT is in negative in 2021 stood at -₹25.92 compared to ₹249.25 in 2020. The company looks good in terms of the businesses and the big group backing up will give more strength to the company. Please check the Nuvoco Vistas IPO details over here.
IPOWatch View
We recommend investors to apply the IPO for short term and long term gain. The IPO Subscription is started! Check Nuvoco Vistas IPO allotment status here.
Nuvoco Vistas IPO Subscription Status (Final Data)
(Over Subscribed)
The Nuvoco Vistas IPO subscribed 1.71x overall. The subscription comprises Qualified Institutional Buyer (QIB) 4.23x, (Non-institutional Bidders) NII 0.66x and Retail 0.73x.
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00x | 0.11x | 4.23x |
| NII | 0.01x | 0.04x | 0.66x |
| RII | 0.31x | 0.51x | 0.73x |
| Total | 0.16x | 0.29x | 1.71x |
Nuvoco Vistas IPO Time Table
| Price Band Announcement: | 03 August 2021 |
| Anchor Investors Allotment: | 08 August 2021 |
| IPO Open Date: | 09 August 2021 |
| IPO Close Date: | 11 August 2021 |
| Basis of Allotment: | 17 August 2021 |
| Refunds: | 18 August 2021 |
| Credit to Demat Account: | 20 August 2021 |
| IPO Listing Date: | 23 August 2021 |
Nuvoco Vistas IPO Subscription FAQs:
When Nuvoco Vistas IPO Subscription will start?
The IPO subscription starts on 09 August 2021 for QIB, NII, and Retail Investors.
How much Nuvoco Vistas IPO subscribed?
The IPO subscribed 1.71x times on day 3.
What is Nuvoco Vistas IPO Retail subscription status?
The RII subscription is 0.73x on day 3.
How to subscribe Nuvoco Vistas IPO?
You can go with ASBA and Non ASBA option for subscription. Go to your bank account and apply IPO online via ASBA or download form online or get the physical form and submit the filled form to your broker or bank.
How do i check live Nuvoco Vistas IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE website. One can check the live subscription on BSE or NSE website on the particular IPO page.
