Nuvoco Vistas Corporation, part of the Nirma Group, and online auto classified platform CarTrade initial public offerings (IPOs) will open for subscription today. CarTrade IPO price band is fixed at ₹1,585-1,618 a share and Nuvoco Vistas at ₹560-570 per share. Nuvoco Vistas IPO has been subscribed 0.11 times with retail portion booked at 0.22 times. CarTrade shares are available at a premium of ₹380 in the grey market whereas that of Nuvoco Vistas around ₹20, as per market observers. Nuvoco Vistas: Cement manufacturer Nuvoco Vistas' initial public offering (IPO) comprises fresh issue of shares worth ₹1,500 crore and an offer for sale of ₹3,500 crore by promoter Niyogi Enterprise.

Source: Mint August 09, 2021 02:14 UTC