Leading Cement Company, Nuvoco Vistas’s Rs.5,000 Crores IPO to open on August 09, 2021, sets price band of Rs. 560 - Rs. 570 per
equity share
·
Price Band of Rs. 560 – Rs. 570 per equity share bearing
face value of Rs. 10/- each (“Equity Shares”).
· Aggregate Offer Size up to Rs. 5,000 crores
i.e. Fresh Issue of Equity Shares aggregating up to Rs. 1,500 crores and an
Offer for Sale aggregating upto Rs. 3,500 crores.
· Bid/Offer Opening Date – Monday, August 09, 2021
and Bid/Offer Closing Date – Wednesday, August 11, 2021.
· Minimum Bid Lot is 26 Equity Shares and in
multiples of 26 Equity Shares thereafter.
·
The Floor Price
is 56 times the face value of the Equity Share and the Cap Price is 57 times the
face value of the Equity Share.
Nuvoco Vistas Corporation Limited (“Nuvoco
Vistas” or the “Company”),
is the fifth largest cement Company in India and the largest
cement company in East India in terms of capacity and one of the leading ready
mix concrete manufacturers in India (Source: CRISIL Report). As of March 31,
2021, the Company had 11 Cement Plants with a consolidated installed manufacturing
capacity of 22.32 MMTPA.
The Company’s leadership
team is led by Mr. Hiren Patel, Chairman and Non-Executive Director and Mr.
Jayakumar Krishnaswamy, Managing Director.
Nuvoco Vistas is
proposing to open its initial public offering of Equity Shares (the “Offer”)
on Monday, August 09, 2021 and close on Wednesday, August 11, 2021. The price
band for the Offer has been determined at Rs. 560 – Rs. 570 per Equity Share.
The total Offer
size is up to Rs. 5,000 crores with a fresh issuance of Equity Shares,
aggregating up to Rs. 1,500 crores and
an offer for sale of Equity Shares aggregating up to Rs. 3,500 crores, by
Niyogi Enterprise Private Limited (the “Promoter
Selling Shareholder”).
The Company intends to utilize
the proceeds of Rs. 1,350 crores from the fresh issue for
repayment/prepayment/redemption, in full or part, of certain borrowings availed
of by our Company, besides general corporate purposes.
ICICI Securities Limited, Axis Capital
Limited, HSBC Securities and Capital Markets (India) Private Limited, JP Morgan
India Private Limited and SBI Capital Markets Limited are the book running lead
managers to the Offer (“BRLMs”).
The Company and
the Promoter Selling Shareholder have, in consultation with the BRLMs, considered participation by
Anchor Investors, whose participation shall be one Working Day prior to the
bid/offer opening Date, i.e. Friday, August 06, 2021. The Offer is being made
in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957,
as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is
being made in accordance with Regulation 6(1) of the SEBI ICDR Regulations,
through the Book Building Process wherein not more than 50% of
the Offer shall be available for allocation to Qualified Institutional Buyers,
not less than 15% of the
Offer shall be available for allocation to Non-Institutional Investors and not
less than 35% of the
Offer shall be available for allocation to Retail Individual Investors.
All capitalized terms used herein and
not specifically defined shall have the same meaning as ascribed to them in the
Red Herring Prospectus dated July 30, 2021 (“RHP”) filed with the Registrar of Companies, Maharashtra at Mumbai
(“RoC”).
Disclaimers: NUVOCO VISTAS CORPORATION LIMITED is proposing, subject to receipt
of requisite approvals, market conditions and other considerations, to make an
initial public issue of Equity Shares and has filed the RHP with the RoC and
thereafter with SEBI and the Stock Exchanges. The RHP shall be available on the
website of the SEBI at www.sebi.gov.in as well as on the websites of the BRLMs,
i.e. ICICI Securities Limited at www.icicisecurities.com, Axis Capital Limited
at www.axiscapital.co.in, HSBC Securities and Capital Markets (India) Private
Limited at www.business.hsbc.co.in/en-gb/in/generic/ipo-open-offer-and-buyback,
J.P. Morgan India Private Limited at www.jpmipl.com and SBI Capital Markets
Limited at www.sbicaps.com. Investors should note that investment in equity
shares involves a high degree of risk and for details relating to such risks,
see "Risk Factors" beginning on page 25 of the RHP. These materials
are not for publication or distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any state of the
United States and the District of Columbia). These materials are not an offer
of securities for sale into the United States, Canada or Japan. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United States.
DISCLAIMER
CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”): SEBI only gives its observations on the offer
documents and this does not constitute approval of either the Offer or the
specified securities stated in the Offer Document. The investors are advised to
refer to page 420 of the RHP for the full text of the disclaimer clause of
SEBI.
DISCLAIMER
CLAUSE OF BSE (Designated Stock Exchange): It is to be distinctly understood that the
permission given by BSE Limited should not in any way be deemed or construed
that the RHP has been cleared or approved by BSE Limited nor does it certify
the correctness or completeness of any of the contents of the RHP. The
investors are advised to refer to the page 423 of the RHP for the full text of
the disclaimer clause of the BSE.
DISCLAIMER
CLAUSE OF NSE: It is to be
distinctly understood that the permission given by NSE should not in any way be
deemed or construed that the Offer Document has been cleared or approved by NSE
nor does it certify the correctness or completeness of any of the contents of
the Offer Document. The investors are advised to refer to page 423 of the RHP
for the full text of the disclaimer clause of NSE.
