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Nureca Limited IPO (Nureca limited IPO) Detail

February 15, 2021 - February 17, 2021

Nureca limited IPO is a book built issue of Rs 100.00 crores. The issue is entirely a fresh issue.

Nureca limited IPO bidding started from February 15, 2021 and ended on February 17, 2021. The allotment for Nureca limited IPO was finalized on Tuesday, February 23, 2021. The shares got listed on BSE, NSE on February 25, 2021.

Nureca limited IPO price band is set at ₹396 to ₹400 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹14,000.

The issue includes a reservation of up to 26,595 shares for employees offered at a discount of Rs 20 to the issue price.

Iti Capital Ltd is the book running lead manager of the Nureca limited IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Nureca limited IPO RHP for detailed information.

Nureca limited IPO Details

IPO Date February 15, 2021 to February 17, 2021
Listing Date February 25, 2021
Face Value ₹10 per share
Price Band ₹396 to ₹400 per share
Lot Size 35 Shares
Total Issue Size[.] shares
(aggregating up to ₹100.00 Cr)
Fresh Issue[.] shares
(aggregating up to ₹100.00 Cr)
Employee Discount Rs 20 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Nureca limited IPO Reservation

Nureca limited IPO offers 1,401,595 shares. 750,000 (53.51%) to QIB, 375,000 (26.76%) to NII, 250,000 (17.84%) to RII, 26,595 (1.90%) to employees. 7,142 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 525 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered750,000 (53.51%)NA
NII (HNI) Shares Offered375,000 (26.76%)
Retail Shares Offered250,000 (17.84%)7,142
Employee Shares Offered26,595 (1.90%)NA
Total Shares Offered1,401,595 (100%)

Nureca limited IPO Timeline (Tentative Schedule)

Nureca limited IPO opens on February 15, 2021, and closes on February 17, 2021.

IPO Open Date Monday, February 15, 2021
IPO Close Date Wednesday, February 17, 2021
Basis of Allotment Tuesday, February 23, 2021
Initiation of Refunds Wednesday, February 24, 2021
Credit of Shares to Demat Wednesday, February 24, 2021
Listing Date Thursday, February 25, 2021
Cut-off time for UPI mandate confirmation 5 PM on February 17, 2021

Nureca limited IPO Lot Size

Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 35 ₹14,000
Retail (Max) 14 490 ₹196,000
Lot Size Calculator

Nureca limited IPO Promoter Holding

Saurabh Goyal is the promoter of the company.

Share Holding Pre Issue 93.33%
Share Holding Post Issue 70%

About Nureca Limited

Incorporated in 2016, Nureca Limited is a healthcare and wellness products distributor. The company aims to offer the best quality, durable, and innovative tools to customers to monitor chronic diseases to improve their lifestyle.

The firm has a well-diversified product portfolio including Chronic Device Products, Orthopedic products, Mother and Child products, Nutrition Supplements, and Lifestyle products to meet the Indian healthcare market requirements. It is the first digital company to sell such products through its website drtust.in and other online partners i.e. e-commerce players, retailers, and distributors.

Competitive strengths

  • Diversified product portfolio.
  • Experienced promoter and management team.
  • Strong online distribution network.
  • Premium quality healthcare and wellness products.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in million)
30-Sept-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,024.88 338.83 235.18 70.19
Total Revenue 1,229.73 994.87 619.83 200.69
Profit After Tax 361.80 63.95 62.26 31.12

Objects of the Issue (Nureca limited IPO Objectives)

The IPO proceed will be utilized towards following purposes:

  • To meet the working capital requirements of the business.
  • To meet general corporate purposes.

Nureca limited IPO Review (May apply)

[Dilip Davda]  Though IPO appears lucratively priced based on its super performance for FY21 H1, the sustainability of it raises concern. The company is in a highly competitive and fragmented segment. Its own plant which is on lease may face family dispute risk. Considering these aspects, cash surplus risk savvy investors may consider investment at their own risk. Read detail review...


Nureca limited IPO Subscription Status (Bidding Detail)

The Nureca limited IPO is subscribed 39.93 times on February 17, 2021 5:00:00 AM. The public issue subscribed 166.65 times in the retail category, 3.10 times in the QIB category, and 31.59 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB3.10
NII31.59
Retail166.65
Employee4.82
Total39.93

Nureca limited IPO Prospectus

Nureca limited IPO Rating

1577
3.7
Rating:Rated 3.7 stars
Vote Here ...

Nureca limited IPO Listing Details

Listing Date February 25, 2021
BSE Script Code 543264
NSE Symbol NURECA
ISIN INE0DSF01015
Final Issue Price ₹400 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹400.00
₹634.95
₹603.25
₹666.65
₹666.65
NSE
₹400.00
₹615.00
₹584.25
₹645.75
₹645.75

Check IPO Performance…

Nureca Limited Contact Details

Nureca Limited
128 Gala Number Udyog Bhavan
1st Floor Sonawala Lane,
Goregaon (East), Mumbai
Phone: +91-22-49616173
Email: cs@nureca.com
Website: http://www.nureca.com/

Nureca limited IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: nureca.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Nureca limited IPO - Buy or Not

Nureca limited IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 0 1
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Nureca limited IPO FAQs

Nureca limited IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹100.00 Crores. The issue is priced at ₹396 to ₹400 per share. The minimum order quantity is 35 Shares.

The IPO opens on February 15, 2021, and closes on February 17, 2021.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Nureca limited IPO using UPI as a payment gateway. Zerodha customers can apply in Nureca limited IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Nureca limited IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nureca limited IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nureca limited IPO opens on February 15, 2021 and closes on February 17, 2021.

Nureca limited IPO lot size is 35 Shares, and the minimum amount required is ₹14,000.

You can apply in Nureca limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Nureca limited IPO will be done on Tuesday, February 23, 2021, and the allotted shares will be credited to your demat account by Wednesday, February 24, 2021. Check the Nureca limited IPO allotment status.

The Nureca limited IPO listing date is on February 25, 2021.
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Nureca limited IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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581 Comments

280. Chem cho |   Link |  Bookmark |March 1, 2021 9:59:51 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
RS 711.9 UPPER CURCIT ON 01/03/21

TRY TO SELL 25% OF YOU HOLDING
279. SHANI |   Link |  Bookmark |February 25, 2021 9:33:17 AM (300+ Posts, 300+ Likes)
अब बाहर निकलने के लिए अच्छा है, अन्य उदाहरण - 3100 से 3300 पर इंडिगो में फंसने वाले लोग अभी भी बाहर नहीं आ पा रहे हैं, -
सभी को सुनें लेकिन अपने मन के अनुसार करें
279.1. SHANI |   Link |  Bookmark |February 26, 2021 9:01:37 AM (300+ Posts, 300+ Likes)
699.95 अब, अपर सर्किट, जब भी सर्किट ओपन हो, तो आप उच्च स्तर पर प्रवेश न करें, इससे पहले कि मजबूत स्वस्थ सुधार न आए एक शेयर न खरीदें, अन्यथा आप इंडिगो पेंट्स की तरह फंस जाएंगे
279.2. SHANI |   Link |  Bookmark |March 1, 2021 8:52:23 AM (300+ Posts, 300+ Likes)
जब भी सर्किट ओपन हो, तो आप उच्च स्तर पर प्रवेश न करें, इससे पहले कि मजबूत स्वस्थ सुधार न आए एक शेयर न खरीदें, अन्यथा आप इंडिगो पेंट्स की तरह फंस जाएंगे
278. IPO SUSPENSE |   Link |  Bookmark |February 28, 2021 5:45:41 PM
Monday 750

Open hote hi

Because low supply
278.1. hchc |   Link |  Bookmark |February 28, 2021 7:01:15 PM
Top Contributor Top Contributor (400+ Posts, 900+ Likes)
Plz talk something logical ..... or else remain in silent mode .... don’t spam

5% circuit filter in nureca
So even if it hits 5% UC it can touch 734.90/-
277. parmod gupta |   Link |  Bookmark |February 28, 2021 12:14:52 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Upcoming IPOs in Crores

510 - Easy Trip Planners
755 - Anupam Rasayan
800 - Raftsman Automation
800 - India Pesticides
825 - Laxmi Organics Industries
1000 - ESAF Small Finance Bank
1000 - Puranik Builders
1000 - Apeejay Surrender Park Hotels
1150 - Barbeque Nation Hospitality
1350 - Suryodaya Small Finance Bank
1700 - Kalyan Jewellers
2500 - NAZARA Technologies
2500 - Macrotech Developers
7300 - Aadhaar Housing Finance
7500 - Owergrid Corporation InviT

Let''s see how many will come in March
276. IPO SUSPENSE |   Link |  Bookmark |February 28, 2021 8:09:19 AM
Monday 5 % up

Rule

Demand is higher but supply is very low
275. IPO SUSPENSE |   Link |  Bookmark |February 26, 2021 12:39:46 PM
Super i know
I say already this type game
274. Chem cho |   Link |  Bookmark |February 26, 2021 10:25:29 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
Not worth @RS 678
274.1. P Patel |   Link |  Bookmark |February 26, 2021 10:38:14 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Agree - Better exit before it start lower circuit... At-least get principal amount safe and keep profit for more risk....
273. VMARU |   Link |  Bookmark |February 25, 2021 8:14:41 PM
I saw the market depth BSE volume not much. Price may come down.
273.1. traderyn |   Link |  Bookmark |February 25, 2021 9:44:24 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Small ipo so no volume and selling done maximum by retailer who are only 10% in this ipo.
272. Allued Investor |   Link |  Bookmark |February 25, 2021 5:45:18 PM (200+ Posts, 100+ Likes)
This market gives you the unexpected.
Whatta listing.
Till pandemic stock looks likely run.
Didn''t get allotment.
Enjoy the gains allottees.
271. Arjun Nair |   Link |  Bookmark |February 25, 2021 9:36:32 AM
Linkintime is a fraudulent Registrar for IPO. They just tie up with QIB and NII promoters and manipulate the IPO''s.

SEBI Should come up with strict rules of allotment of shares to public. Itz called IPO and normal public never gets the shares and most of them are allotted to QIB and NII.

QIB - 25%
NII - 25 %
Retailers - 25%
Rest 25 % can be allotted to company''s Preference (Employees, Sister Concern Shareholders or can be allocated equally again in QIB NII and retailers.)

Itz a serious issue and SEBi should look into this and act as 70% of common man is not getting allotment in IPO''s..

Hope this gets into SEBI''s Notice.
271.3. Brownsugar |   Link |  Bookmark |February 25, 2021 2:48:35 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
Got 0/10 applications... can feel the pain
271.4. Cautious ipo |   Link |  Bookmark |February 25, 2021 3:59:02 PM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Sebi too seems not clean.... Otherwise linkintime should have banned permanently long before like notorious karvy was banned three times .
270. Owls eye |   Link |  Bookmark |February 25, 2021 9:06:23 AM (500+ Posts, 1900+ Likes)
Awesome Listing 👌👌👌👌👌

Kaha gaye woh log jo keh rahe the Small Listing Gain ke liye apply karo?

Even RailTel me b isne ese kaha Small Listing Gain

He have Failed 100% in last 4-5 IPOs
I don''t why he is doing this on TV
270.1. Brownsugar |   Link |  Bookmark |February 25, 2021 2:50:10 PM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
The hobbit on zee business is a market manipulater.....Tv dekhne walo ka personal analysis zero hota hai...
269. Noorul Khan |   Link |  Bookmark |February 25, 2021 1:14:37 PM
Sold my 47 share. 635
268. BK Prajapati |   Link |  Bookmark |February 25, 2021 10:32:42 AM
hope same pattern doesnt repeat again... after indigos gd listing everyone think homefirst wl also list at gd price but homefirst disappoint... now after nureca everyone expect railtel to list better then current gmp... lets see tommorrow....
267. Meghana B V |   Link |  Bookmark |February 25, 2021 9:46:25 AM
Check mine IPO CHLPM6616A
267.1. lekker |   Link |  Bookmark |February 25, 2021 10:28:48 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
not allotted to you.
266. RAJAKUMAR |   Link |  Bookmark |February 25, 2021 9:07:24 AM (1400+ Posts, 1200+ Likes)
Dear Lekkar
My target 800
Keep stop loss 600
266.4. lekker |   Link |  Bookmark |February 25, 2021 9:33:46 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
@BDD, please check BSE listing price and UC price
266.5. lekker |   Link |  Bookmark |February 25, 2021 9:40:29 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
Respected Patel Sir, indeed
265. Chem cho |   Link |  Bookmark |February 25, 2021 9:17:16 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
BE CAREFUL 66.66% LISTING IS GOOD @ RS 666.65
264. Chem cho |   Link |  Bookmark |February 25, 2021 9:05:46 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
UPPER CIRCUIT
263. P Patel |   Link |  Bookmark |February 25, 2021 9:04:16 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Good listing......

Online player... potential to grow further... good for long term....

Safe strategy will be to sell partial quantity to cover investment and keep profit portion for long term....
262. lekker |   Link |  Bookmark |February 25, 2021 8:54:10 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
BSE listing price is 634.95,
262.1. lekker |   Link |  Bookmark |February 25, 2021 9:03:43 AM
IPO Guru IPO Guru (1300+ Posts, 2000+ Likes)
upper circuit now.
261. BLR |   Link |  Bookmark |February 25, 2021 8:58:09 AM
Great listing ! Much better than yesterday''s GMP . Someone sold in BSE they earned each lot Rs.700 more than NSE listing price .