Nureca IPO Subscription Status

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Last updated on May 8th, 2021 at 11:09 pm

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

 

Disclaimer: The above content is for general information purpose only and does not constitute professional advice. The author/ website will not be liable for any false, inaccurate, incomplete information. Any reliance you place on above content is therefore strictly at your risk.

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About CA Priyanka Choudhary Jain 122 Articles
Chartered Accountant & an experienced credit analyst. She has worked with CRISIL as a Senior Credit Analyst on rating assignments including business & financial analysis in Corporates as well as the Public Finance Sector. Please mail your queries, feedback, and any suggestions to her on info.financepost@gmail.com

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