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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
| IPO Date | Feb 15, 2021 to Feb 17, 2021 |
| Listing Date | Feb 25, 2021 |
| Face Value | ₹10 per share |
| Price | ₹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 |
| QIB Shares Offered | 750,000 (53.51%) |
| NII (HNI) Shares Offered | 375,000 (26.76%) |
| Retail Shares Offered | 250,000 (17.84%) |
| Total Shares Offered | 1,401,595 |
Nureca limited IPO opens on Feb 15, 2021, and closes on Feb 17, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 15, 2021 |
| Closing Date | Feb 17, 2021 |
| Basis of Allotment | Feb 23, 2021 |
| Initiation of Refunds | Feb 24, 2021 |
| Credit of Shares to Demat | Feb 24, 2021 |
| Listing Date | Feb 25, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Nureca limited IPO lot size is 35 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,000 |
| Retail (Max) | 14 | 490 | ₹196,000 |
| Lot Size Calculator | |||
Saurabh Goyal is the promoter of the company.
| Pre Issue Share Holding | 93.33% |
| Post Issue Share Holding | 70% |
| 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 | |
The IPO proceed will be utilized towards following purposes:
[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...
The Nureca limited IPO is subscribed 39.93 times on Feb 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)
| Category | Subscription (times) |
|---|---|
| QIB | 3.10 |
| NII | 31.59 |
| Retail | 166.65 |
| Employee | 4.82 |
| Total | 39.93 |
| Listing Date | Feb 25, 2021 |
| BSE Script Code | 543264 |
| NSE Symbol | NURECA |
| ISIN | INE0DSF01015 |
| Final Issue Price | ₹400 per share |
| 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 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: nureca.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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 Feb 15, 2021, and closes on Feb 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
Visit Zerodha IPO Application Process Review for more detail.
The Nureca limited IPO opens on Feb 15, 2021 and closes on Feb 17, 2021.
Nureca limited IPO lot size is 35 Shares and the minimum order quantity is .
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 Feb 23, 2021, and the allotted shares will be credited to your demat account by Feb 24, 2021. Check the Nureca limited IPO allotment status.
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