Nirma Group’s cement manufacturing company Nuvoco Vistas is opening its IPO and the IPO of Nuvoco Vistas opened on 9 August. According to the information Nuvoco Vistas has decided to allot 2.63 crore shares at the rate of Rs 570 crore per share, so they will be given these shares for Rs 1500 crore as the IPO of Nuvoco Vista will last till 11 August 2021. The price band for the IPO of Nuvoco Vistas has been fixed at Rs 560 to Rs 570 and the size of the issue will be Rs 5000 crore. Fresh equity shares worth Rs 1500 crore will be issued in this IPO while there will be OFS of 3500 crores.
Nuvoco Vistas IPO GMP Today Price
Investment in IPOs is increasing rapidly as many companies have doubled the money of investors with the listing. In such a situation, if you have not been able to invest in any IPO yet, then the IPO of Nuvoco Vistas is opening for investment. Nuvoco Vistas will issue new shares worth Rs 1500 crore under its IPO and apart from this, Niyogi Enterprise will sell shares worth Rs 3500 crore under the OFS.
The Nuvoco Vistas has kept the price band of the Initial public offering at Rs 560-570 and the Initial public offering has opened for subscription on August 9 and will close on August 11 so guys if you are interested in this IPO then you can get it after following the process but for that, you will have to visit the official website.
Nuvoco Vistas IPO 2021 Review & Details
| IPO Opening: | 9 August 2021 |
| IPO Closing: | 11 August 2021 |
| IPO Size: | Approx Rs.5000 Crores |
| Fresh Issue: | Approx Rs.1500 Crores |
| Offer for Sale: | Approx Rs.3500 Crores |
| Face Value: | Rs.10 Per Equity Share |
| Price Band: | Rs.560 to Rs.570 per equity share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
Nuvoco Vistas IPO Price, Share Price
The Nuvoco Vistas public issue has opened now for subscription and will close on August 11, 2021. The issue size is estimated to be Rs. 5,000 crore equity shares with a face value of Rs 10 per share and Rupees 5,000 crore out of it intends to raise Rs. 1,500 crores from a new issue, while its plan is Rs. 3,500 crores through offer for sale.
As Nuvoco Vistas intends to repay the loan from Rs. 1,500 crores will be raised instead of using that money for any kind of expansion. The issue price for the IPO of Nuvoco Vistas has been fixed at Rs. 560 to Rs. 570 per equity share and the minimum order quantity will be 26 shares, and retail investors can apply for a maximum of 13 lots or 338 shares in multiples of 26 shares.
FAQ about Nuvoco Vistas IPO
Is the Nuvoco Vistas IPO open now for a subscription?
Yes the Nuvoco Vistas IPO is now open for subscription and it will close on 11 August 2021. So if you want you can subscribe to the IPO.
What is the issue size for the IPO of Nuvoco Vistas?
The issue size is estimated to be Rs. 5,000 crore equity shares for the IPO of Nuvoco Vistas.