Nuvoco Vistas share price: Shares of cement maker Nuvoco Vistas Corporation today debuted weakly on the stock exchanges, listing more than 17% below their issue price.
The scenario was listed on BSE for Rs 471.00 per share, down 17.37 per cent from its bid price of Rs 570.00, while it was open on the National Stock Exchange (NSE) for Rs 485.00, which is Rs 14.91. less than the issue price.
However, the value of shares rose from the lowest bottom and reached the daily high – RSE 546.80 and NSE – 547.15 RS in the first 15 minutes of trading so far.
At 10:15 a.m., the BSE trading program was Rs 541.15, which is 5.06 per cent less than the issue price, and the NBB was Rs 543.45.
In the first 15 minutes of trading, more than 80.78 lakh shares of Nuvoco Chicken Corporation were traded on the NSE, but more than 3.98 lakh shares were traded on the BSE, according to the relevant stock exchanges.
The cement maker, which is part of the Nirma group, signed an IPO of Rs 5,000 1.71 times during its offer from August 9th to 11th.
The company’s consolidated capacity is 22.32 million tons per year (MMTPA). It has 11 cement plants with five integrated units, five mills and one mixing plant. It operates cement production units in Chatisgarh, Jharkhand, West Bengal, Rajasthan and Haryana.
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