Business Standard

Monday, February 17, 2025 | 04:32 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Cement maker Nuvoco Vistas lists at a steep discount to issue price

Post listing, the company commands a market capitalisation of Rs 18,975 crore

Nuvoco, Emami cement
Premium

Nuvoco is part of the Nirma group and is the fifth largest cement company in India and the largest in East India in terms of capacity

Sundar Sethuraman Mumbai
Cement maker Nuvoco Vistas Corporation made a weak debut on the bourses. The stock got listed at Rs 531, a discount of 17.3 per cent over its issue price. The stock gained a little through the day and eventually closed the session at Rs 531.30, a 6.8 per cent discount to its issue price. Post listing, the company commands a market capitalisation of Rs 18,975 crore.
 
Its Rs 5,000-crore initial public offering (IPO) comprised a fresh issue of Rs 1,500 crore and an offer for sale of Rs 3,500 crore. And the IPO was subscribed 1.71 times. The institutional

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in