Novelis Inc. (NVL)

Novelis was planning to go public, but the IPO was withdrawn on Oct 8, 2024.
IPO Price Range
$18.00 - $21.00
Shares Offered
45,000,000
Deal Size
$877.50M
Chart not available yet
Data will show when the stock starts trading.
Market Cap 11.70B
Revenue (ttm) 16.21B
Net Income (ttm) 600.00M
Shares Out 600.00M
EPS (ttm) 1.00
PE Ratio 19.50
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume n/a
Open n/a
Previous Close n/a
Day's Range n/a
52-Week Range n/a
Beta n/a
Analysts n/a
Price Target n/a
Earnings Date n/a

About NVL

Novelis is the leading producer of innovative, sustainable aluminum solutions and the world’s largest recycler of aluminum. Specifically, we believe we are the leading provider of low-carbon aluminum solutions, helping to drive a circular economy by partnering with our suppliers and customers in beverage packaging, automotive, aerospace and specialties (a diverse market including building & construction, signage, foil & packaging, commercial transportation and commercial & consumer products, among others) markets globally. Throughout North Amer... [Read more]

Industry Aluminum
Sector Materials
Founded 2005
Employees 13,190
Stock Exchange NYSE
Ticker Symbol NVL
Full Company Profile

Financial Performance

In 2023, Novelis's revenue was $16.21 billion, a decrease of -12.31% compared to the previous year's $18.49 billion. Earnings were $600.00 million, a decrease of -8.81%.

Financial numbers in USD Financial Statements

News

U.S. IPO Weekly Recap: Healthcare Software Leads $1.3 Billion IPO Week, Even As Novelis Calls Off IPO

Five IPOs debuted this week and raised over $1.3 billion in proceeds and one SPAC is also listed. Three IPOs submitted initial filings this past week - Alumis, Breathe BioMedical and UEOPLE Technology...

5 months ago - Seeking Alpha

Novelis Postpones Over $900 Million U.S. IPO

Hindalco-backed aluminum recycling company Novelis has postponed its U.S. listing of over $900 million, citing market conditions.

6 months ago - WSJ

U.S. IPO Weekly Recap: Launches And Large Filings Fill In The Short Holiday Week

There were no IPOs in the short Memorial Day week, but a few larger names joined the calendar for early June listings, and two sizable issuers submitted initial filings. Five IPOs submitted initial fi...

Other symbols: GAUZWAY
6 months ago - Seeking Alpha

Hindalco shares jump as US arm Novelis prepares for NYSE listing

Shares of Hindalco Industries Ltd. surged on Wednesday, topping the Nifty50 gainers list.

6 months ago - Invezz

Hindaclo-backed aluminum recycler Novelis to raise about $877 million in IPO

Aluminum-recycling company Novelis Inc. said Tuesday it plans to offer 45 million shares at an estimate price range of $18 to $21 a share in its upcoming initial public offering. At the midpoint of th...

6 months ago - Market Watch

Novelis targets up to $12.6 bln valuation in US IPO

Novelis, owned by Indian billionaire Kumar Mangalam Birla's Hindalco Industries , is targeting a valuation of up to $12.6 billion in its initial public offering in the United States, the aluminum prod...

6 months ago - Reuters

Novelis Announces Launch of Initial Public Offering Roadshow

ATLANTA , May 28, 2024 /PRNewswire/ -- Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today announced it has launched a roadsho...

6 months ago - PRNewsWire

U.S. IPO Weekly Recap: Specialty Insurer Bowhead Sole IPO To Debut As More Names Join The Pipeline

Specialty property & casualty insurer Bowhead Specialty Holdings priced its upsized IPO at the top of the range to raise $128 million at a $551 million market cap. Three IPOs submitted initial filings...

Other symbols: AEROALFBOWTEMWAY
6 months ago - Seeking Alpha

U.S. IPO Weekly Recap: Hot Pot Chain Leads The Week's IPOs As The Pipeline Gets A Billion-Dollar Boost

Four IPOs debuted in the US this week, led by a Singapore-based hot pot restaurant operator, though the largest scheduled deal didn't make it to market. The week's largest scheduled deal, online casin...

Other symbols: AEROBOWBTOCGALEJDZGRAY
6 months ago - Seeking Alpha

Novelis Begins U.S. IPO Rollout For Aluminum Products And Recycling

Novelis Inc. has filed for a $100 million IPO of its common shares, although the final figure may exceed $1 billion. Novelis produces aluminum-based packaging products and recycling services for indus...

6 months ago - Seeking Alpha

Novelis Inc. to Pursue $1.2 Billion US IPO by June

Novelis Inc., a leading aluminum products manufacturer under the umbrella of Hindalco Industries Ltd., owned by billionaire Kumar Mangalam Birla...

6 months ago - Machine Maker

Aluminum products maker Novelis makes US IPO filing public

Aluminum products maker Novelis, owned by Indian conglomerate Aditya Birla Group's Hindalco Industries , made public its filing for an initial public offering in the United States on Monday.

6 months ago - Reuters

US-based aluminum company Novelis files for an estimated $1.3 billion IPO

Novelis, a US-based aluminum roller and recycler owned by India's Hindalco, filed on Monday with the SEC to raise up to $100 million in an initial public offering.

6 months ago - Renaissance Capital

Novelis files registration statement for proposed IPO

Common shares are expected to be offered by Novelis' sole shareholder, a wholly owned subsidiary of Hindalco Industries Ltd. of Mumbai, India, and Novelis will not receive any proceeds from this sale.

6 months ago - Recycling Today

Novelis IPO Registration Document (F-1)

Novelis has filed to go public with an IPO on the New York Stock Exchange (NYSE).

6 months ago - SEC