Nuvoco Vistas IPO: Analysts' take, grey market trend & all you need to know

Nuvoco Vistas IPO: Despite healthy operational performance, higher depreciation and interest cost have led to an inconsistent performance at the PAT level for Nuvovo Vista

The initial public offer (IPO) by Nuvoco Vistas Corp (NVCL), a part of Nirma Group Company, kicked off on Monday, August 9. The company which is the fifth largest cement manufacturer in India in terms of capacity and the largest in East India is looking to raise Rs 5,000 crore via the share sale issue. The IPO is a mix of an offer for sale (OFS) worth Rs 3,500 core and fresh issue of Rs 1,500 crore. The company will not receive any proceeds from the OFS portion. Of the money raised via fresh issue, Rs 1,350 crore will be