Arihant Capital IPO report on Nuvoco Vistas Corporation
Nuvoco Vistas Corporation Limited (“NVCL”) was incorporated on February 8, 1999. NVCL is promoted by Dr. Karsanbhai K. Patel, who is a successful entrepreneur and is associated with the Nirma Group. NVCL is the 5th 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 approximately 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 (“RMX”) manufacturers in India.
Valuation and Outlook
Thus we like the issue backed by company’s market leadership in east region, Market-leading brands that establish and enhance the leadership as a building materials company and Extensive sales, marketing and distribution network with diversified product portfolio. Based on the above factors. we recommend SUBSCRIBE FOR LISTING GAINS to the issue.
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