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SBICAPS Leads INR 50,000 MN IPO of Nuvoco Vistas Corporation Limited to a Strong Success

NUVOCO VISTAS IPO

SBICAPS leads INR 50,000 mn IPO of Nuvoco
Vistas Corporation limited to a strong success

2021

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

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