Nuvoco Vistas IPO Allotment Status Check Online: Here is how to know your application result

Nuvoco Vistas IPO Allotment Status Check Online: The initial public offer of cement manufacturer Nuvoco Vistas Corporation was subscribed 1.71 times on the closing day for subscription. Here are all the details of Nuvoco Vistas IPO allotment date, shares status check online on BSE link, listing date, subscription status details and more:-

Nuvoco Vistas IPO: Allotment date - Expected on 17th August

Nuvoco Vistas IPO: Refund initiation date - 18th August

Nuvoco Vistas IPO: Demat transfer date of shares - 20th August

Nuvoco Vistas IPO: Listing date - Expected on 23rd August

How to check Nuvoco Vistas IPO allotment status on BSE?

Step 1 Login at BSE link bseindia.com/investors/appli_check.aspx

Step 2 Select Nuvoco Vistas IPO

Step 3 Enter your application number

Step 4 Enter PAN card details

Step 5 Click at 'I'm not a robot'

Step 6 Click at 'Submit' button

You will get the details of Nuvoco Vistas IPO allotment status

Nuvoco Vistas IPO:

-The company's initial public offer (IPO) received bids for 10,70,27,492 shares against 6,25,00,001 shares on offer, according to data available with the exchanges.

-The portion for Qualified Institutional Buyers (QIBs) was subscribed 4.23 times, non-institutional investors 66 per cent and Retail Individual Investors (RIIs) 73 per cent.

-The initial public offer aggregating up to Rs 5,000 crore had a fresh issue of up to Rs 1,500 crore and an offer for sale of up to Rs 3,500 crore.

-The IPO was in a price range of Rs 560-570 per share.

-Nuvoco Vistas Corporation Ltd, part of the Nirma Group, last week raised Rs 1,500 crore from anchor investors.

-Proceeds of the fresh issue will be used for repayment of certain loans availed by the company and general corporate purposes.

Nuvoco Vistas

Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 22.32 million metric tonnes per annum (MMTPA).

It has 11 cement plants comprising five integrated units, five grinding units, and one blending unit.

It operates cement manufacturing units in Chhattisgarh, Jharkhand, West Bengal, Rajasthan, and Haryana.

ICICI Securities, Axis Capital, HSBC Securities and Capital Markets (India), J P Morgan India, and SBI Capital Markets were the managers of the offer.

The company's equity shares will be listed on BSE and NSE.