Nureca IPO Subscription Status

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Nureca IPO Subscription Status

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.

Incorporated in the year 2016, Nureca is a B2C company engaged in the business of home healthcare and wellness products offering quality, durability, functionality, usability and innovative designs. 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. Nureca IPO Subscription Status

Subscription Status Nureca IPO Subscription Status

Subscription Status {no. of times (x)}
ParticularsShares Offered15th Feb16th Feb17th Feb
QIB7,50,0000.000.003.1
NII3,75,0000.541.4831.59
Retail2,50,00031.2380.32166.65
Employees26,5950.912.494.82
Total14,01,5955.7314.7739.93

Important Dates of Nureca IPO

Nureca IPO Allotment and Listing
Basis of AllotmentFeb 23, 2021
RefundsFeb 24, 2021
Credit to Demat AccountFeb 25, 2021
Listing DateFeb 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

CA Priyanka Choudhary Jain
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