Nuvoco is the 5th largest cement company in India and biggest in the eastern India, in terms of capacityNuvoco Vistas Corporation has made a weak launching on the bourses today i.e.

August 23.

The cement maker's shares opened at Rs 471, a discount of 17.37 percent compared to the problem rate of Rs 570, on the BSE.

On the NSE, the shares opened at a discount of 15 percent at Rs 485.

At 10:55 am, Nuvoco Vistas Corporation shares had cut their losses and were trading at Rs 537.80, lower by 5.74 percent on the BSE and at Rs 537.15, down 5.6 per cent, on the NSE.

Here's how to inspect allotment status of Nuvoco Vistas Corporation (https://www.TheIndianSubcontinent.com/business/nuvoco-vistas-initial-public-offering-ipo-heres-how-to-check-share-allotment-status-2513837)Nuvoco Vistas Corporation's Rs 5,000 crore going public had actually witnessed a tepid action from financiers; the issue was subscribed a mere 1.71 times, receiving bids for 10.7 crore shares as versus the IPO size of 6.25 crore shares.The portion reserved for QIBs was subscribed 4.23 times, but the non-institutional investors and retail financiers' sector remained undersubscribed at 66 per cent and 73 percent respectively.Nuvoco Vistas Corporation is the 5th biggest cement company in India and the biggest in the eastern part of India, in terms of capacity.