Issuer Details and Deal Highlights
- Nuvoco Vistas, a part of Nirma group, is a leading building materials company, fifth largest player in India and the largest cement player in East India
- First IPO in the cement sector in over a decade
SBICAPS Value Add – One of the top Procurers in Anchor Book Procurement
- SBICAPS strategized and positioned Nuvoco Vistas as a compelling long term investment story
- SBICAPS procured the first and largest bid in anchor book from a marquee domestic long only investor at higher end of valuation range, thereby creating early momentum
- SBICAPS has delivered a solid performance in anchor book procuring nine long only investors (consisting of 7 DII’s and 2 FIIs)
- SBICAPS was one of the top procurers of anchor book and brought key long only investors in the main book
- In addition, SBICAPS enabled strong participation from multiple SBI Group entities and this proved critical in providing strength to the IPO
- SBICAPS successfully led and concluded the post issue process within the stipulated timelines
Offer Details
Issue Size | INR 50,000 MN | |
Issue Type | Fresh Issue - INR 15,000 MN | |
Issue Price | INR 570 per share | |
Issue Period | Aug 09 – Aug 11, 2021 | |
Listing Date | Aug 23, 2021 |