Investment bankers say pipeline for rest of the year also looks strong. Aditya Birla MF, Go Airlines and Vijaya Diagnostic likely to launch offerings in Sept
Post listing, the company commands a market capitalisation of Rs 18,975 crore
The stock rebound from its opening level of Rs 471 and moved higher to Rs 538.60 on the BSE in intra-day trade
The response to both issues was modest when compared to recent IPOs
CarTrade Tech fully subscribed, Nuvoco Vistas Corporation subscribed 30 per cent, while Aptus Value Housing and Chemplast Sanmar subscribed 24 per cent and 16 per cent respectively
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
Nuvoco Vistas Corporation, part of the Nirma Group, on Wednesday said it has fixed a price band of Rs 560-570 a share for its Rs 5,000 crore initial public offering
Nuvoco Vistas Corporation Ltd, part of the Nirma Group, has received capital markets regulator Sebi's go-ahead to raise Rs 5,000 crore through an initial share sale.
The two debt papers were to mature in September 2020 and September 2021, respectively
Sources in the know said the amount was being paid to show 'Nuvoco's commitment' to finalise the agreement, which it signed with Emami last month for acquisition of the cement assets
The promoters' debt, that is loan against shares, is Rs 3,000 crore
Emami inks deal with Nuvoco Vistas for sale of 100% stake
Earlier, only Dalmia Bharat was in the fray for the acquisition
The new ad campaign steps away from the popular narrative of durability to focus on goodness