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Upcoming IPO, Nuvoco Vistas Corp IPO Details with Share Price Range and Issue Size

Upcoming IPO, Nuvoco Vistas Corp IPO Details with Share Price Range and Issue Size

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Category : ipo news

Nuvoco Vistas Corporation Ltd IPO Details:

Nuvoco Vistas Corporation Ltd. has announced public offering of 114912280 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 560.00 per share. The gross proceeds of the issue are expected to be Rs 6,55,000.00 lakhs.

The company's initial public offer (IPO) will open on 09 August 2021 and is expected to close on 11 August 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 560.00-570.00 per share.

The IPO includes a fresh Issue of 114912280 Equity Shares of the Company at an price of Rs 570.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 26 shares with bids in multiples of 26.

Nuvoco Vistas Corporation Ltd. anticipates using the proceeds of the issue for Repayment/prepayment/redemption, in full or part, of certain borrowings availed of by the Company General corporate purposes.

HSBC SECURITIES AND CAPITAL MARKETS (I) PVT LTD, Axis Capital Ltd., JP Morgan India Private Limited., SBI Capital Markets Limited, ICICI Securities Ltd as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.

If the Nuvoco Vistas Corporation Ltd IPO is something that you’re looking to invest in come August 09, 2021, it would be a good idea to start the demat account opening process right away. Contact Libord Broking now to open demat account online within minutes.

 

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