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ipo: Ample liquidity, stable market fuel IPO rush

ipo: Ample liquidity, stable market fuel IPO rush
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India: Nirma Group's cement arm Nuvoco Vistas Corp seeks to raise $666.6m via IPO

India: Nirma Group’s cement arm Nuvoco Vistas Corp seeks to raise $666.6m via IPO
Construction workers working with cement. Photo: Pixabay
May 6, 2021
Nirma Group’s cement company, Nuvoco Vistas Corp. Ltd, on Thursday filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise Rs5,000 crore through an initial public offering (IPO).
The IPO will comprise a fresh issue of Rs1,500 crore and an offer for sale of Rs3,500 crore by its promoter entity Niyogi Enterprise Pvt. Ltd. Niyogi Enterprises holds 86.56% stake in the company.
The proceeds from the fresh issue of shares will be used for repayment in full or part of certain borrowings availed by the company. ....

Niyogi Enterprises , Nuvoco Vistas Corp , Securities Ltd , Emami Group , Niyogi Enterprise , Nuvoco Vista , Axis Capital , Vistas Corp , West Bengal , நுவோகோ விஸ்டாக்கள் கார்ப் , பத்திரங்கள் லிமிடெட் , நுவோகோ விஸ்டா , அச்சு மூலதனம் , விஸ்டாக்கள் கார்ப் , மேற்கு பெங்கல் ,