Nuvoco Vistas Corporation Ltd IPO

Last Updated: 03 January 2022 8:09 AM by 5Paisa

Nuvoco Vistas IPO Synopsis

Nuvoco Vistas a part of Nirma Group Company & largest cement players in India is launching its Initial Public offer. The issue size of Nuvoco Vistas IPO is around ₹5,000 crores of which ₹ 1,500 crores will be a fresh issue and the rest will be an offer for sale. Open and Close dates of Nuvoco Vistas IPO are not announced yet.

Nuvoco Vistas Shareholding Pattern

Offer Details:

Fresh Issue of Equity Shares aggregating upto ₹1,500 Crore and Offer for sale of Equity Shares aggregating upto ₹3,500 Cr) 

The Company proposes to utilise the Net Proceeds towards the following objects:

1.   Repayment/prepayment of all or certain of our borrowings; and 
2.   General corporate purposes
 

About Nuvoco Vistas Corporation Ltd

Nuvoco Vistas Corporation Limited (NVCL) is the 5 the largest cement company in India and the largest cement company in East India in terms of capacity. As of December 31, 2020, their cement production capacity constituted approximately 4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and they are one of the leading ready-mix concrete manufacturers in India.

NVCL is promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group. As of March 31, 2021, NVCL has 11 Cement Plants (8 in East India and 3 in North India). The company’s Cement Plants are in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India, while their RMX Plants are located across India. As of March 31, 2021, their Cement Plants have an installed capacity of 22.32 MMTPA. 3 of their plants in East India are integrated units and 5 plants are grinding units. 2 of their plants in North India are integrated units and the third is a blending unit. They have waste heat recovery systems at all their integrated plants with a total capacity of 44.7 MW, solar power plants with a total capacity of 1.5 MW and captive power plants with a generation capacity of 105 MW. As of March 31, 2021, these generated 50.43% (on a proforma basis) of their total power requirements.

For the Fiscals 2021, 2020 and 2019, the total capacity utilisation of their plants in North India, calculated on the basis of total production capacity, was 72.67%, 83.79% and 85.59% respectively. During the same periods, the total capacity utilisation of their plants in East India, calculated based on total production capacity, was 79.16%, 93.39% and 97.12% respectively. For the Fiscals 2021, 2020 and 2019, the total capacity utilisation of all their plants across India, calculated based on total production capacity, was 77.57%, 90.05% and 92.99% respectively.

Nuvoco Vistas Financials