Nuvoco Vistas IPO: SUBSCRIPTION status, ALLOTMENT, listing, refund, share transfer to demat account details; SHORTEST WAY to check allotment on BSE, Link Intime DIRECT LINKS here

Nuvoco Vistas Corporation IPO – The Initial Public Offering (IPO) of Nuvoco Vistas Corporation ended on 11 August. This public issue was overall subscribed 1.71 times. The Retail Individual Investors (RIIs) have subscribed the issue 0.73 times. The Qualified Institutional Buyers (QIBs) subscribed the issue 4.23 times over the three-day period. 

The finalisation of basis of allotment is expected to be on 17 August. The initiation of refunds will likely be from 18 August. The transfer of shares to the demat accounts of the investors will likely be on 20 August. The listing date is likely on 23 August. The   

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If you are an investor and want to know the status of the allotment, you can do that by visiting the BSE or via the Link Intime direct online status check link.       

Nuvoco Vistas Corporation IPO – What Market Guru recommended 

The Market Guru had advised investors to refrain from investing in this IPO. Investors with a long-term view on this company must only apply, he added saying that the view should at least be for 3 years.   

He had said that the promoter of this company is very strong and cement as a sector is also doing well. There is no issue with the demand situation. The company has been growing inorganically as it has been buying other companies.  

The negatives, however, are in terms of its entire focus only in northern and eastern parts of the country. The price of cement in this geographical area is lowest in the country, Singhvi said. This does not give them enough pricing power, he further said.   

Another issue is that this company has debts on its books because of its inorganic growth plans.   

The valuations of the shares are quite expensive in terms of revenue growth and market cap, the Market Guru said. There are many alternatives to this cement company, he further said.  

Nuvoco Vistas IPO - Check the allotment status on the website of BSE     

Step 1: Visit the link: bseindia.com/investors/appli_check.aspx on BSE official website.         

Step 2:  In the dropdown menu select 'Equity' for issue type         

Step 3: Now, select the name of the IPO, which is 'Nuvoco Vistas Limited' in this case         

Step 4: Here, you will be asked to verify application number & PAN number         

Step 5: Hit search button and you are good to go. You can see your IPO allotment on the screen         

Steps to check Nuvoco Vistas IPO Allotment via Link Intime      

Step1: Visit Link Intime India Private Limited IPO allotment link: https://linkintime.co.in/MIPO/Ipoallotment.html       

Step 2: Again, select IPO Name- 'Nuvoco Vistas Limited'          

Step 3: Here, fill in details such as PAN number, application number or DP ID          

Step 4: Now, click on 'Search' Button. You can now see your Nuvoco Vistas IPO Allotment on the screen.       

The price band of the three-day IPO is at Rs 448-Rs 460. The company was founded in 2001 and provides pharmaceutical development services, large-scale manufacturing services to its customers in India and overseas.