Nuvoco Vistas IPO fraction share region: The preliminary public offering (IPO) of cement maker Nuvoco Vistas Company became once subscribed 1.71 times over the 6.25 crore shares that were on offer in some unspecified time in the future of the subscription length from August 9-11, 2021. The value band became once mounted at Rs 560-570 per fraction.
Nuvoco Vistas IPO bought bids of over 10.70 crore (10,70,27,492) shares against the complete scenario measurement of over 6.25 crore (6,25,00,001) shares, knowledge readily available with the National Stock Substitute (NSE) showed.
The shares that are to be allocated for the licensed institutional buyers (QIBs) became once subscribed 4.23 times, while those of non institutional buyers became once subscribed 0.66 times and that of retail particular person buyers (RIIs) became once subscribed 0.73 times, the knowledge showed.
The Rs 5,000 crore IPO of Nuvoco Vistas contains of a novel scenario of shares value Rs 1,500 crore and a proposal for sale of Rs 3,500 crore by promoter Niyogi Enterprise.
The proceeds from the unique scenario can be ragged for the repayment of certain loans availed by the firm and for overall company choices.
Traders are now having a detect forward to the fraction share date of the Nuvoco Vistas IPO. The firm is alleged to finalise the share by Tuesday, August 17, 2021, as per the timeline supplied in the red herring prospectus (RHP). Can non-public to it is most likely you'll per chance per chance furthermore non-public utilized for the Nuvoco Vistas IPO, then right here is the vogue it is most likely you'll per chance per chance furthermore take a look at the region of your share when it gets declared:
The itemizing of shares of Nuvoco Vistas Company is likely to rob express on Monday, August 23, 2021, on every the NSE and BSE.
ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), JP Morgan India and SBI Capital Markets are the ebook working lead managers to the IPO.