What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Nuvoco Vistas Corporation Limited IPO allotment date?

The basis of allotment for Nuvoco Vistas Corporation Limited IPO is scheduled to be finalized on 17 Aug 2021.

Where can I check Nuvoco Vistas Corporation Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 18 Aug 2021.

IPO GreyPremiumLIVE

Grey Market Intelligence

Nuvoco Vistas Corporation Limited

ListedMainboard

Materials & Construction · NSE / BSE

Incorporated in 1999, Nuvoco Vista Corporation Ltd, a Nirma Group company, is among the largest cement and ready-mix concrete manufacturers in India, offering a wide range of products including cement, RMX, and modern building materials such as adhesives, wall putty, dry plaster, and cover blocks. The company serves both individual home buyers and institutional or bulk customers through a strong distribution network of 15,969 dealers and 225 CFAs. Nuvoco operates cement plants across East India in West Bengal, Bihar, Odisha, Chhattisgarh, and Jharkhand, and in North India across Rajasthan and Haryana, with a total installed capacity of 22.32 MMTPA.

Price Band

₹560 – ₹570

Issue Size

₹5000 Cr

Lot Size

26 shares

GMP

—

Est. Listing

₹570

at current GMP

Subscribed

—

Open

9 Aug 2021

11 Aug 2021

Allotment

17 Aug 2021

Refund

18 Aug 2021

Demat Credit

19 Aug 2021

Listing

23 Aug 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Nuvoco Vistas Corporation Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

17 Aug 2021

Basis finalization

Refunds Initiate

18 Aug 2021

Mandate release

Demat Credit

19 Aug 2021

Shares in demat

Listing Debut

23 Aug 2021

Trading begins

About Nuvoco Vistas Corporation Limited Public Issue & Market Profile

Nuvoco Vistas Corporation Limited is bringing an initial public offering (IPO) in the Materials & Construction sector with an aggregate issue size of ₹5,000 Crores. The shares are offered at a price band of ₹560 to ₹570 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2021-08-11, the basis of allotment is scheduled to be finalized on 2021-08-17. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.