Nuvoco Vistas IPO Subscription Day-2

Nuvoco

IPO
Last Updated: 2021-09-01T20:30:51+05:30

The Rs.5,000 crore IPO of Nuvoco Vistas, consisting of Rs.1,500 crore fresh issue and Rs.3,500 crore OFS, was just partially subscribed on Day-2. As per the combined bid details put out by BSE, Nuvoco Vistas IPO was subscribed 0.29X overall, with demand only visible in the retail segment. The issue closes on 11th August.

In terms of numbers, out of the 625.00 lakh shares on offer in the IPO, Nuvoco Vistas saw applications for 182.55 lakh shares at close of Day-2. This implies an overall subscription of 0.29X. The granular break-up is tilted in favour of retail investors.

 

Nuvoco Vistas IPO Subscription Day-2

Category Subscription Status
Qualified Institutional (QIB) 0.11 Times
Non-Institutional (NII) 0.04 Times
Retail Individual 0.51 Times
Total 0.29 Times

 

QIB Portion

The QIB portion virtually got tepid response on Day-2. On 06 Aug, Nuvoco Vistas did an anchor placement worth Rs.1,500 crore. QIB portion, net of anchor allocation, was subscribed just 0.11X (getting applications for 18.79 lakh shares against the available quota of 178.57 lakh shares) at the close of Day-2.

HNI Portion

The HNI portion got subscribed 0.04X (getting applications for 5.43 lakh shares against the quota of 133.93 lakh shares). However, funded applications and corporate applications typically come in on the last day.

Retail Individuals

The retail portion got subscribed 0.51X at the close of Day-2, showing limited retail appetite. Out of the 312.50 lakh shares on offer, valid bids were received for 158.33 lakh shares, of which bids for 126.56 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.560-Rs.570) and closes for subscription on Wednesday, 11th August. 

 

Also Read: 

Upcoming IPOs in 2021

New IPOs in August 2021

Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Open Free Demat Account

& get benefits worth 2100*

 
Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number