BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital's IPO Report
Nuvoco Vista Corp Ltd., India’s fifth largest cement manufacturer (22 million tonne capacity) is coming out with an initial public offering to raise Rs 50 billion.
IPO size is ~25% of post issue equity with promoter selling stake of Rs 35 billion and fresh issue of Rs 15 billion.
Nuvoco Vista operates in East region (70% of capacity) and has highest capacity market share of 17% in the region.
Company has increased its capacity from ~2.5 million tonnes per annum in FY16 to 22 mtpa in FY21 by way of acquisition (~85% of capacity is inorganic addition).
The company has plan of organic expansion in East of 2.7mtpa (12% addition) over FY22E and FY23E.
Click on the attachment to read the full IPO report:
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