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)}
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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About CA Priyanka Choudhary Jain 69 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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