Nureca Limited IPO Review and Analysis

The company was incorporated in 2016, it is a fast-growing health care and wellness products company. The IPO of the company will open on February 15, 2021, and will remain until February 17, 2021. Here is the Nureca Limited IPO Review.

Nureca Limited IPO Review

About the Company- The healthcare and wellness products company, aims to offer the best quality, durable and innovative tools to customers to monitor chronic diseases to improve their lifestyles.

The company sells its products through online channel partners like e-commerce platforms, distributors, and retailers. It also makes sales of its product through its own website www.drtrust.in. The company has evolved as a one-stop solution provider in the home health market in India.

Competitive Strengths of the Company- The Competitive strengths of Nureca Limited are as follow-

  • Diversified product portfolio.
  • Experienced promoter and management team.
  • Strong online distribution network.
  • Premium quality healthcare and wellness products.

Nureca Limited IPO Details

IPO issue size- The company plans to raise Rs. 100 Crore through the issue, which includes a reservation of shares worth Rs. 1 Crore for its employees. The eligible employee will get its shares at a discount of Rs. 20 a share.

Price band if the issue- Nureca will open its initial public offering for subscription on Feb 15, with the price band fixed at Rs. 396-400 per share.

Nureca IPO Dates- The Nureca Limited IPO Open date is Feb 15, 2021, and the close date is Feb 17, 2021. The issue may list on Feb 26, 2021.

Shares Lot Size The market size of the IPO is 35 shares. A retail-individual investor can apply for up to 14 lots. (490 shares of Rs. 1,96,000)

The object of the issue- Nureca Limited will utilize the proceeds for the incremental working capital requirements and general corporate purposes.

IPO Registrar- The registrar of the Nureca Limited IPO is Link Intime India Private Limited.

IPO Lead Manager- The book running lead manager to the issue is the ITI Capital.

Listing- The company will list its equity shares on the BSE and NSE.

The promoter of the Company- Mr. Saurabh Goyal is the promoter of the company.

Also Read- How to apply for the Nureca Limited IPO: Get Full Details Here

Important dates of Nureca Limited IPO

Here is the Tentative Time Table of the Nureca Limited IPO.

ParticularsDates
IPO Open DateFeb 15, 2021
IPO Close DateFeb 17, 2021
Basis of Allotment DateFeb 23, 2021
Initiation of RefundsFeb 24, 2021
Credit of Share to Demat A/cFeb 25, 2021
IPO Listing DateFeb 26, 2021

Financial analysis of the Nureca Limited

Here is the financial analysis to opt for Nureca Limited for the year/period ended (Rs. in million).

ParticularsApr- Sep 2020FY March 2020FY March 2019FY March 2018
Total Assets1024.88338.83235.1870.19
Total Revenue1229.73994.87619.83200.69
Profit After Tax (PBT) 361.8063.9562.2631.12

Must Read- 9 Expected Upcoming IPO List For May and June 2021

Shares details of the Nureca IPO

ParticularsIPO Details
Issue TypeBook Built Issue IPO
Issue Amount100 Cr.
Fresh Issue100 Cr.
Face Value of ShareRs. 10 per Share
Price Band of IPORs. 396 to Rs. 400 per shares
Employee DiscountRs. 20 per share
Lot Size35 Shares and in multiples thereafter

Also Read- RailTel IPO- Dates, Price, Analysis, Faqs, etc.

Some FAQs

  1. What is the issue size of the Nureca IPO?

    The company plans to raise Rs. 100 Crore through the issue, which includes a reservation of shares worth Rs. 1 Crore for its employees.

  2. What is the lot size in Nureca IPO?

    The market size of the IPO is 35 shares. A retail-individual investor can apply for up to 14 lots. (490 shares of Rs. 1,96,000)

  3. Who is the registrar for Nureca IPO issue?

    The registrar of the Nureca Limited IPO is Link Intime India Private Limited. The company will list its equity shares one the BSE and NSE both.

  4. Who is the lead manager of the Nureca IPO issue?

    The book running lead manager to the issue is the ITI Capital. The company will list its equity shares on the BSE and NSE.

  5. Who is the promoter of the company?

    Mr. Saurabh Goyal is the promoter of the company.

  6. What is the Price Band of the Nureca IPO?

    Nureca will open its initial public offering for subscription on Feb 15, with the price band fixed at Rs. 396-400 per share.

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