Nuvoco Vistas share worth: The shares of cement producer Nuvoco Vistas Corporation made a weak debut on the inventory exchanges in the present day itemizing at over 17 per cent decrease than their subject worth.
The scrip obtained listed at Rs 471.00 apiece on the BSE, thereby registering a fall of 17.37 per cent from its supply worth of Rs 570.00, whereas on the National Stock Exchange (NSE), it opened at Rs 485.00, down 14.91 per cent from the problem worth.
However, the inventory gained from its opening lows and touched an intraday excessive of Rs 546.80 on NSE and Rs 547.15 on the BSE thus far in the course of the first quarter-hour of commerce.
At 10:15 am, the scrip was buying and selling at Rs 541.15 on the BSE, down 5.06 per cent from the problem worth whereas on NSE it was at Rs 543.45.
Over 80.78 lakh shares of Nuvoco Vistas Corporation have been traded on the NSE in the course of the first quarter-hour of commerce, whereas over 3.98 lakh shares exchanged fingers on the BSE, information from the respective inventory exchanges confirmed.
The Rs 5,000 crore IPO of the cement producer, which is part of the Nirma Group, was subscribed 1.71 instances throughout its supply interval from August Sept. 11.
The firm has a consolidated capability of twenty-two.32 million metric tonnes every year (MMTPA). It has 11 cement crops comprising 5 built-in items, 5 grinding items and one mixing unit. It operates cement manufacturing items in Chhattisgarh, Jharkhand, West Bengal, Rajasthan and Haryana.