Nuvoco IPO Date, Price, GMP, Review, Analysis & Details

Nuvoco IPO Date, Price, GMP, Review, Analysis & Details

Nuvoco Vistas Corp. Ltd, is the fifth-largest player in India and the largest cement company in East India, in terms of capacity, with a consolidated capacity of 22.32 MMTPA.

Nuvoco Vistas Corp. Ltd, a Nirma Group company, started operations in India in 1999 via acquisitions. Nirma Group forayed into the cement business in 2014 through a greenfield cement plant in Nimbol. Thereafter, we have grown the cement business, through acquisition of the Indian cement business of LafargeHolcim in 2016 and NU Vista (formerly Emami Cement Limited) in 2020. Today, we have grown from being solely cement based to a building materials company with a vision to ‘Build a Safer, Smarter and Sustainable World’.

We have 11 Cement Plants in the states of West Bengal, Bihar, Odisha, Chhattisgarh and Jharkhand in East India and Rajasthan and Haryana in North India comprising five integrated units, five grinding units and one blending unit. Our Integrated plants are equipped with waste heat recovery systems 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, which generates 47.74% (on a proforma basis) of our total power requirements.

Our Construction Development and Innovation Centre (CDIC) based in Mumbai is accredited by NABL (ISO/IEC17025 : 2017 Standards) and serves as the incubation centre for innovative products across the Cement, Ready-Mix Concrete and Modern Building Materials businesses. It operates in a well-equipped facility spread across 17,500 square feet area for developing and prototyping innovative products.


IPO is Now Live

Issue Period

09th Aug to 11th Aug 2021

Price Band

₹ 560 – 570

Lot Size



Largest cement manufacturing company in East India in terms of total capacity

Strong research and development and technological capabilities

Extensive sales, marketing and distribution network with diversified product portfolio


Strong dependence upon its ability to mine/ procure sufficient limestone for the operations and business

An inability to comply with repayment and other covenants in the financing agreements could adversely affect the business and its finances

Negative impact of the ongoing COVID-19 pandemic on the business

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