Nuvoco Vistas Subscription Status Day 1: Closes at 0.16X

Last Updated: 12th December 2022 - 12:48 pm

The Rs.5,000 crore IPO of Nuvoco Vistas, consisting of Rs.1,500 crore fresh issue and Rs.3,500 crore OFS, was only partially subscribed on Day-1. As per the combined bid details put out by the BSE at the close of Day-1 of the issue, Nuvoco Vistas IPO was subscribed 0.16X overall, with bulk of the demand coming from 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 97.33 lakh shares. This implies an overall subscription of 0.16X. The granular break-up of subscriptions were tilted in favour of retail investors.

Nuvoco Vistas IPO Subscription Day-1

Category	Subscription Status
Qualified Institutional Buyers (QIB)	0.00 Times
Non Institutional Investors (NII)	0.01 Times
Retail Individuals	0.31 Times
Employees	N.A.
Overall	0.16 times

QIB Portion

The QIB portion virtually got no response on Day-1. On 06 Aug, Nuvoco Vistas did an anchor placement worth Rs.1,500 crore. QIB portion, net of anchor allocation, was subscribed 0.00X (getting applications for negligible shares against the available quota of 178.57 lakh shares) at the close of Day-1.

HNI Portion

The HNI portion got subscribed 0.01X (getting applications for 1.89 lakh shares against the quota of 133.93 lakh shares). However, funded applications and corporate applications would typically come in on the last day only.

Retail Individuals

The retail portion got subscribed 0.31X at the close of Day-1, showing limited retail appetite. Out of the 312.50 lakh shares on offer, valid bids were received for 95.44 lakh shares, of which bids for 77.96 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.560-Rs.570) and will close for subscription on 11th August.

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