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Novelis was planning to go public, but the IPO was withdrawn on Oct 8, 2024.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
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Market Cap11.70B
Revenue (ttm)16.21B
Net Income (ttm)600.00M
Shares Out 600.00M
EPS (ttm)1.00
PE Ratio19.50
Forward PEn/a
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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...

1 year 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.

1 year 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
1 year 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.

1 year 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...

1 year 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...

1 year 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...

1 year 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
1 year 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
1 year 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...

1 year 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...

1 year 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.

1 year 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.

1 year 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.

1 year 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).

1 year ago - SEC