Nirma Group-backed Nuvoco Vistas has received market regulator SEBI's approval to raise ₹5,000 crore through an initial public offering (IPO). The IPO will comprise of a fresh issue of ₹1,500 crore and an offer for sale of ₹3,500 crore by its promoter Niyogi Enterprise. Nuvoco Vistas is a cement manufacturer with a consolidated capacity of 22.32 MMTPA.