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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
| 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:
| Nureca limited IPO Date | Feb 15, 2021 to Feb 17, 2021 |
| Nureca limited IPO Face Value | ₹10 per share |
| Nureca limited IPO Price | ₹396 to ₹400 per share |
| Nureca limited IPO Lot Size | 35 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹100.00 Cr) |
| Employee Discount | 20 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Saurabh Goyal is the promoter of the company. |
Nureca limited IPO opens on Feb 15, 2021, and closes on Feb 17, 2021. The Nureca limited IPO bid date is from Feb 15, 2021 10.00 A.M. to Feb 17, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Nureca limited IPO Opening Date | Feb 15, 2021 |
| Nureca limited IPO 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 |
| Nureca limited IPO Listing Date | Feb 25, 2021 |
The Nureca limited IPO lot size is 35 shares. A retail-individual investor can apply for up to 14 lots (490 shares or ₹196,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 35 | ₹14,000 |
| Maximum | 14 | 490 | ₹196,000 |
| Pre Issue Share Holding | 93.33% |
| Post Issue Share Holding | 70% |
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 Recommendation by Members Nureca limited IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
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 | Thursday, February 25, 2021 |
| BSE Script Code | 543264 |
| NSE Symbol | NURECA |
| Listing In | T Group of Securities |
| ISIN | INE0DSF01015 |
| IPO Price | ₹400 per share |
| Face Value | ₹10 per share |
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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, Edelweiss, 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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