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Nureca raised Rs 44 crore from the anchor investors on 12th Feb 2021. The company’s Rs 100 crore IPO has opened today on 15th Feb 2021.
Nureca was incorporated in 2016. It is engaged home healthcare and wellness products. The company markets and sell the products across India through their own website i.e. drtrust.in and third party e-commerce platforms, distributors and retailers.
Subscription Status
| Subscription Status {no. of times (x)} | ||||
| Particulars | Shares Offered | 15th Feb | 16th Feb | 17th Feb |
| QIB | 7,50,000 | 0.00 | 0.00 | 3.1 |
| NII | 3,75,000 | 0.54 | 1.48 | 31.59 |
| Retail | 2,50,000 | 31.23 | 80.32 | 166.65 |
| Employees | 26,595 | 0.91 | 2.49 | 4.82 |
| Total | 14,01,595 | 5.73 | 14.77 | 39.93 |
Important Dates of Nureca IPO
| Nureca IPO Allotment and Listing | |
| Basis of Allotment | Feb 23, 2021 |
| Refunds | Feb 24, 2021 |
| Credit to Demat Account | Feb 25, 2021 |
| Listing Date | Feb 26, 2021 |
Key challenges
- Operates in fragmented and competitive sector with presence of many unorganised players.
- Volatility in financial performance over the last three fiscals. Major concern over the sustainability of revenues.
Recommendation by some brokerages
- BP Wealth- Avoid
- Choice Broking- Avoid
- GEPL capital- Subscribe
Check its fundamentals before subscribing Nureca IPO- Details, Analysis
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