Nuvoco Vistas Corp IPO - Key Strategies, Strengths, Risks: Anand Rathi

Nuvoco Vistas Corp IPO - Key Strategies, Strengths, Risks: Anand Rathi

A limestone and clay mix sits in a pile inside a cement plant. (Photographer: Gianluca Colla/Bloomberg)

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.

Anand Rathi's IPO Report

Nuvoco Vistas Corporation Ltd. was incorporated on February 8, 1999.

The company is promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group.

Nuvoco Vistas Corp is the fifth largest cement company in India and the largest cement company in East India in terms of capacity.

As of December 31, 2020, their cement production capacity constituted ~4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India, and they are one of the leading ready-mix concrete manufacturers in India.

Click on the attachment to read the full IPO report:

Anand Rathi IPO Note Nuvoco Vistas Corporation .pdf
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