Nuvoco Vista Corporation Ltd, a part of Nirma Group Company is among one of the largest cement companies and concrete manufacturers in India. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more. The company sells its products in the trade segment (individual home buyers) and non-trade segment (institutional and bulk buyers). It has a strong distribution network with 15,969 dealers and 225 CFAs. Its cement plants are located in the states of West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand in East India and Rajasthan and Haryana in North India with an aggregated installed capacity of 22.32 MMTPA. Niyogi Enterprises Pvt Ltd and Dr. Karsanbhai K Patel are the company promoters.

For year/ period ended ( in Cr.)

• Largest cement manufacturer in East India in terms of total capacity.
• Strategically located cement plants with close proximity to key markets.
• Extensive sales, marketing and distribution network with diversified product portfolio.
• Experienced Individual Promoter and professional management team.

• To repay/prepay/redeem borrowings availed by the firm fully or partially.
• General corporate purposes.

Considering mega spending for infra developments including affordable housing plans afoot, demand for cement is going to be high and thus, this 5th mega player in the segment is poised for bright prospects. Its current debt is around Rs. 6887 cr. which will be reduced by Rs. 1350 cr. from IPO proceeds, still it will have over Rs. 5537 cr. outstanding. On the current financial parameters, its P/E is unascertainable, but the image of Nirma group and the bright scope going forward makes this IPO a pure long term story.