Nureca IPO offering of up to [*] equity shares of face value Rs. 10 each (equity shares) of Nureca Limited (Company or Issuer) for cash at a price of Rs. [*]~ per equity share (including a share premium of Rs. [*] per equity share) (Issue Price), aggregating up to Rs. 100.00 crores (Issue).
Nureca which owns the Dr Trust brand, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 100 crore through an initial public offering ( IPO ). The shares of the company are proposed to be listed on both BSE and NSE.
Proceeds of the issue will be used for funding incremental working capital requirements of the company and general corporate purposes. Further, through listing, the company expects to enhance its visibility and brand image among existing and potential customers and creation of a public market for equity shares in India. ITI Capital is the sole book running lead manager to the issue.
Nureca is engaged in the business of home healthcare and wellness products and enables customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle. The company sells its products through online channel partners such as e-commerce players, distributors and retailers.
Nureca IPO Date & Price Band:
| Issuer | Nureca IPO |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: February 15, 2021 |
| Issue Closes: February 17, 2021 | |
| Price Brand | ₹ 396 - 400 Per Share |
| Issue Size | ₹100 Crores |
| Face Value | Rs.10 per Equity Share |
| Equity | 75,00,000 Shares |
| Minimum Lot Size | 35 Shares |
| QIB | 75% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 10% of the issue size |
| Offer for Sale | ₹ |
| Fresh Issue | ₹ |
| Listing at | NSE & BSE |
Nureca IPO Tentative Timetable
The Nureca IPO open date is 15 Feb 2021 , and the close date is 17 Feb 2021. The issue may list on .
| IPO Open Date | 15 Feb , 2021 |
| IPO Close Date | 17 Feb , 2021 |
| Basis of Allotment Date | Feb, 2021 |
| Initiation of Refunds | Feb, 2021 |
| Credit of Shares to Demat Account | Feb, 2021 |
| IPO Listing Date | Feb, 2021 |
Nureca IPO Market Lot:
| Minimum Lot Size: | Minimum 35 Shares |
| Minimum Amount: | ₹ 14,000 |
| Maximum Lot Size: | Maximum 490 Shares |
| Maximum Amount: | ₹ 1,96,000 |
Nureca financial performance (in INR lakh)
| Amount (in INR & millions) | ||||
|---|---|---|---|---|
| 30-Jun-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 425.88 | 338.83 | 235.18 | 70.19 |
| Total Revenue | 303.81 | 994.87 | 619.83 | 200.69 |
| Total Expense | 176.81 | 908.79 | 531.42 | 157.46 |
| Profit After Tax | 94.47 | 63.95 | 62.26 | 31.12 |
Nureca IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.0x | 0.0x | 0.0x |
| HNI | 0.0x | 0.0x | 0.0x |
| RII | 0.0x | 0.0x | 0.0x |
| EMP | 0.0x | 0.0x | 0.0x |
| Total | 0.0x | 0.0x | 0.0x |
Nureca IPO Form:
How to apply the Nureca IPO? You can apply IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Nureca IPO in the Invest section. The other option you can apply Nureca IPO via IPO forms download via NSE and BSE. Check out the Nureca AMC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
About Nureca:
They have most of the product lines supporting home health market in India, making it a one-stop solution provider. Dr Trust is a known for its innovative products in the market, and, with the segment showing significant potential for growth, their Company is positioned to show significant growth. (Source: Frost & Sullivan Report).
They have a diversified product portfolio, which primarily caters to home healthcare sector. The company provides an improved product mix to their customers and their preferences thereby targeting a wider customer base.
Their growth is further driven by their ability to make available an assortment of quality products under trusted brands built by their Company. The Home Health Market in India and neighbouring countries is pegged at Rs.20,757.0 crore in 2019 and is expected to grow to Rs.38,920.7 crore by 2025 at a CAGR 11.0%.
The growth is driven by rising awareness of Health and wellness, increasing spending power, growing burden of chronic diseases, and the need for Healthcare stakeholders to reduce healthcare costs (Source: Frost & Sullivan Report).
Company Promoters:
Nureca IPO Prospectus:
Nureca IPO Lead Manager:
Naman Midtown, ‘A’ Wing, 20thFloor, Senapati Bapat Marg, Elphinstone (West)Mumbai –400 013,Maharashtra, India.Tel: +91 22 4031 3371Email:ipo.nureca@iticapital.inInvestor Grievance:investorgrievance@iticapital.inWebsite: www.iticapital.inContact Person: Pallavi ShindeSEBI Registration:INM000010924
Nureca IPO Registrar:
C-101, 1st floor, 247 Park, L.B.S. Marg,Vikhroli (West)Mumbai 400 083,Maharashtra, India.Tel:+91 22 4918 6200E-mail:nureca.ipo@linkintime.co.inInvestor Grievance: nureca.ipo@linkintime.co.inWebsite:www.linkintime.co.inContact Person:Shanti GopalkrishnanSEBI Registration:INR000004058
Nureca Company Address:
Registered Office:
Mumbai: 128 Gala Number Udyog Bhavan,1st Floor Sonawala Lane,Goregaon East Mumbai City Maharashtra, 400063
Contact: +91-22-49616173
Corporate Office:
Chandigarh: SCO 6-7-8, 1st Floor, Sector 9D,
Madhya Marg, Chandigarh 160009
+91-9356658436, +91752013265
Nureca IPO FAQs:
When Nureca IPO will open for Anchor Investors?
The Anchor Investors bidding is not started yet.
When Nureca IPO will open for QIB, NII, and Retail?
The IPO will open on 15 Feb and close on 17 Feb for QIB, NII, and Retail Investors.
What is Nureca IPO Investors Portion?
The investors' portion for QIB -75%, NII -15%, and Retail -10%.
How to Apply the RailTel IPO?
You can apply Nureca IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Nureca IPO Allotment Date?
Nureca IPO allotment date is not announced yet. You can check IPO allotment here.
What is Nureca IPO Size?
Nureca IPO size is Rs.100 Crores.
