NEW DELHI: Nuvoco Vistas Corporation, part of the Nirma Group, on Wednesday said it has fixed a price band of Rs 560-570 a share for its Rs 5,000 crore initial public offering.
The three-day initial share-sale will open for public subscription on August 9 and conclude on August 11, the company announced.
The initial public offering (IPO) comprises fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise.
Proceeds of the fresh issue will be used to repayment of certain loans availed the company and general corporate purpose.
Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 15 per cent for non institutional investors.
India
Chhattisgarh
Haryana
Dhiren-patel
Jayakumar-krishnaswamy
Karsanbhai-patel
Nirma-group
Nuvoco-vistas-corporation
Competition-commission-of-india
Lafarge-india
West-bengal
Non-executive-director