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Ipos overview

Novelis Inc. ()


Company Overview

Proposed Symbol
Company Name Novelis Inc.
Exchange
Share Price $
Employees 13190 (as of 03/31/2024)
Status
Shares Offered 45,000,000
Offer amount $1,086,750,000
Shares Over Alloted
Company Address 3550 PEACHTREE ROAD SUITE 1100 ATLANTA GA 30326
Company Phone 404-760-4000
Company Website www.novelis.com
CEO Steven Fisher
State of Inc
Fiscal Year End 03-31
Total Offering Expense $7,736,417.00
Shareholder Shares Offered
Shares Outstanding 600,000,000
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0001304280
DealId 650726-110134

Company Description

Our Purpose and Vision. Novelis’ purpose of “Shaping a Sustainable World Together” is at the core of who we are. Our purpose guides our strategy and the way we work, the decisions we make and the partnerships we pursue. In line with our purpose, our vision is to “advance aluminum as the material of choice with circular solutions.” Our customers around the world rely on us for sustainable solutions and products, and we make positive contributions in the communities where we live and work. Our Company. We consider ourselves 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 America, Europe, Asia, and South America, we have an integrated network of 32 world-class, technologically advanced facilities, including 14 recycling centers, 11 innovation centers, and 13,190 employees. Aluminum is the sustainable material of choice for a wide range of growing end-markets that require strong, yet lightweight, sustainable solutions. The virtually infinite recyclability of aluminum is essential to our innovative circular business model. With operations on four continents in nine countries, we consider our global scale to be a distinct competitive advantage. In addition, our leading position in aluminum recycling combined with our cutting-edge operational processes provides us with an advantaged cost position, increasing our operating cash flow. For fiscal 2024, we had total flat-rolled product shipments of 3,673 kt, net sales of $16.2 billion, net income of $600 million, and Adjusted EBITDA of $1,873 million. --- Our principal executive offices are located at 3550 Peachtree Road NE, Suite 1100, Atlanta, GA 30326 and our telephone number at that address is (404) 760-4000. Our internet address is www.novelis.com.