Nuvoco Cement Share Price

Analysts are bullish on the IPO as they see valuations fairly priced and see good prospects for the cement sector going. Cement manufacturer Nuvoco Vistas Corporation made a weak debut on the bourses as the companys shares listed at Rs 471 17 per cent below its issue price of Rs 570 per share on the BSE on Monday.

Nuvoco Vistas Makes A Lackluster Debut Stock Lists At 17 Discount Views On News From Equitymaster

The scrip got listed at NSE at Rs485 per share a 1491 discount over its issue price of Rs570.

Nuvoco cement share price. Nuvoco Vistas is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. However the stock rebound from its opening level. Link Intime India Private Ltd is the registrar for the IPO.

The issue is priced at 560 to 570 per equity share. Nuvoco Vistas shares list at 15 discount to issue price begin trade in the red Premium Nuvoco Vistas part of Nirma group is the first cement stock to list in. The shares are proposed to be listed on BSE NSE.

On the National Stock Exchange NSE the stock opened at Rs 485 15 per cent down against its issue price the exchange data shows. The stock listed at 485 per share on the National Stock Exchange NSE 15 discount to issue price of 570 per share. On the BSE the stock of the company opened at Rs 471 down 17 from the issue price.

August 23 2021 1000 AM IST Indias fifth largest cement maker Nuvoco Vistas Corporation shares made a weak debut on August 23 as it started off. On NSE the share opened at Rs 485 down 1491 per cent. Nuvoco Vistas share got listed at Rs 471 on BSE a 1737 per cent down to its issue price of Rs 570.

In the grey market unlisted shares of Nuvoco Vistas are commanding a marginal premium of Rs 5-6 per share over the issue price of Rs 570. It pared some of its losses to trade at Rs 54785. This was in-line with the market expectation as traders were expecting weak listing for the cement maker as grey market premium turned negative for Nuvoco Vistas ahead of listing.

Nuvoco Vistas Corporation Limited Indias fifth largest cement company by capacity shares. The scrip got listed at Rs 47100 apiece on the BSE thereby registering a fall of 1737 per cent from its offer price of Rs 57000 while on the National Stock Exchange NSE it opened at Rs 48500 down 1491 per cent from the issue price. Shares of Nuvoco Vistas Corporation Ltd made a weak debut on Monday August 23 as they listed at Rs 530 7 lower compared to its issue price of Rs 570.

Nuvoco part of the Nirma Group launched its three-day IPO on 9 August which concluded on 11 August with the issue price set at Rs560-570 a share. Fell on market debut after the Nirma group companys Rs 5000-crore initial public offering emerged as the second-least subscribed issue so far this year. Nuvoco Vistas IPO attracts 16 bids on first day of bidding 09 Aug 2021 0631 PM IST.

Shares of Nuvoco Vistas Corporation made a lackluster debut at the Indian stock market on Monday. As of December 31 2020 the cement production capacity constituted approximately 42 of total cement capacity in India 17 of total cement capacity in East India and 5 of total cement capacity in North India and Nuvoco Vistas is one of the leading ready. The shares of Indias fifth largest cement maker Nuvoco Vistas Corporation began trading on August 23 at a 1737 percent discount to the issue price of Rs 570.

The cement makers shares opened at 471 a discount of 1737 per cent compared to the issue price of 570 on. The stock listed at Rs 485 per share on the NSE 15 discount to issue price of Rs 570 apiece. Nuvoco Vistas Corporation has made a weak debut on the bourses today ie.

Nuvoco Vistas Rs 5000-crore offer. Shares of Nuvoco Vistas Corp. Shares of cement manufacturer Nuvoco Vistas Corp made a weak listing on the National Stock Exchange NSE and BSE as the stock listed at 1737 discount on the issue price.

On the BSE the stock opened at Rs 471 while on the National Stock Exchange it opened at Rs 485. Nuvoco IPO is a main-board IPO of equity shares of the face value of 10 aggregating up to 500000 Crores. The minimum order quantity is 26 Shares.

Nuvoco Vistas Corporation erstwhile Lafarge India plans to raise Rs 5000 crore. The IPO opens on Aug 9 2021 and closes on Aug 11 2021. Shares of the company began trading at Rs 471 apiece today down 1737 from the upper end of the IPO price band of Rs 570 per share.

The stock listed at Rs 471 apiece on the BSE a 174 discount to its IPO price of Rs 570. The company is Indias fifth-largest cement company. This was in-line with the Street expectation as traders were expecting weak listing for the cement maker as grey market premium turned negative for Nuvoco Vistas ahead of listing.

The initial share sale of the company was subscribed 171 times on the the closing day of bidding.

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