Bookbuilding IPO | ₹100 Cr | Listed at BSE, NSE | Mon, Feb 15, 2021 - Wed, Feb 17, 2021
Nureca IPO is a book build issue of ₹100.00 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹100.00 crore.
Nureca IPO bidding started from Feb 15, 2021 and ended on Feb 17, 2021. The allotment for Nureca IPO was finalized on Feb 23, 2021. The shares got listed on BSE, NSE on Feb 25, 2021.
Nureca IPO price band is set at ₹400 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,000 (35 shares) (based on upper price). The lot size investment for sNII is 15 lots (525 shares), amounting to ₹2,10,000, and for bNII, it is 72 lots (2,520 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 26,315 shares for employees offered at a discount of ₹20.00 to the issue price.
ITI Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Nureca IPO RHP for detailed Information.
IPO Open
Mon, Feb 15, 2021
IPO Close
Wed, Feb 17, 2021
Issue Price
₹400 per share
Market Cap (Pre-IPO)
₹400.05 Cr
| IPO Date | 15 to 17 Feb, 2021 |
| Listed on | Thu, Feb 25, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹396 to ₹400 |
| Issue Price | ₹400 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹20.00 |
| Total Issue Size | 25,00,175 shares (agg. up to ₹100 Cr) |
| Fresh Issue | 25,00,175 shares (agg. up to ₹100 Cr) |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,00,01,315 shares |
| BSE Script Code / NSE Symbol | 543264 / NURECA |
| ISIN | INE0DSF01015 |
Nureca IPO comprises a total issue size of 25,01,315 shares. The net offer to the public is 24,75,000 shares, after excluding 26,315 shares under a preferential allotment. Of the Net offer 18,56,250 (75.00%) are allocated to QIB, 3,71,250 (15.00%) allocated to NII 2,47,500 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 18,56,250 | 75.00% | 74.21% | NA |
| − Anchor Investor Shares Offered | 11,13,750 | 44.53% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 7,42,500 | 29.68% | NA | |
| NII (HNI) Shares Offered | 3,71,250 | 15.00% | 14.84% | NA |
| Retail Shares Offered | 2,47,500 | 10.00% | 9.89% | 7,071 |
| Preferential Reservations | ||||
| Employee Shares Offered | 26,315 | 1.05% | NA | |
| Total Shares Offered | 25,01,315 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,000 |
| Retail (Max) | 14 | 490 | ₹1,96,000 |
| S-HNI (Min) | 15 | 525 | ₹2,10,000 |
| S-HNI (Max) | 71 | 2,485 | ₹9,94,000 |
| B-HNI (Min) | 72 | 2,520 | ₹10,08,000 |
Nureca IPO raises ₹44.55 crore from anchor investors. Nureca IPO Anchor bid date is February 12, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 12, 2021 |
| Shares Offered | 11,13,750 |
| Anchor Portion (₹ Cr.) | 44.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 25, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 24, 2021 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2016, Nureca Limited is a healthcare and wellness products distributor. The company aims to offer the best quality, durable, and innovative tools to customers to monitor chronic diseases to improve their lifestyle.
The firm has a well-diversified product portfolio including Chronic Device Products, Orthopedic products, Mother and Child products, Nutrition Supplements, and Lifestyle products to meet the Indian healthcare market requirements. It is the first digital company to sell such products through its website drtust.in and other online partners i.e. e-commerce players, retailers, and distributors.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding incremental working capital requirements of our Company | 10.00 |
| 2 | General corporate purposes | 0.50 |
The Nureca limited IPO is subscribed 39.93 times on February 17, 2021 5:00:00 AM (Day 3). The public issue subscribed 166.65 times in the retail category, 3.1 times in the QIB category, and 31.59 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.1 | 7,50,000 | 23,28,655 |
| NII | 31.59 | 3,75,000 | 1,18,46,450 |
| Retail | 166.65 | 2,50,000 | 4,16,62,600 |
| Employee | 4.82 | 26,595 | 1,28,240 |
| Total | 39.93 | 14,01,595 | 5,59,65,945 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMfees and commissions (including underwriting commission, brokerage and selling commission) | 0.50 |
| 2 | Commission/processing fee for SCSBs and Bankersto the Issueand fee payable to the Sponsor Bank forBids made by RIBs using UPI | 0.86 |
| 3 | Brokerage and selling commission and biddingcharges for Members of the Syndicate, RegisteredBrokers, RTAs and CDPs | 0.21 |
| 4 | Fees payable to the Registrar to the Issue | 0.13 |
| 5 | Fees payable to Frost & Sullivan | 0.11 |
| 6 | Fees payable to the auditors to the Issue | 0.53 |
| 7 | Fees payable to the independent accounting firms | 0.11 |
| 8 | Fee payable to legal counsel | 0.33 |
| 9 | Fees payable to the other advisors | 0.08 |
| 10 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building softwarefees and other regulatory expenses | 0.77 |
| 11 | Printing and stationery | 0.11 |
| 12 | Advertising and marketing expenses | 0.15 |
| 13 | Miscellaneous | 0.04 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹400.00 | ₹400.00 |
| Open | ₹634.95 | ₹615.00 |
| Low | ₹603.25 | ₹584.25 |
| High | ₹666.65 | ₹645.75 |
| Last Trade | ₹666.65 | ₹645.75 |
Lead Manager Reports
Nureca IPO is a main-board IPO of 25,00,175 equity shares of the face value of ₹10 aggregating up to ₹100 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 35.
The IPO opens on Mon, Feb 15, 2021, and closes on Wed, Feb 17, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Nureca IPO using UPI as a payment gateway. Zerodha customers can apply in Nureca IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nureca IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nureca IPO opens on Mon, Feb 15, 2021 and closes on Wed, Feb 17, 2021.
Nureca IPO lot size is 35, and the minimum amount required for application is ₹14,000.
You can apply in Nureca IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nureca IPO will be done on Tuesday, February 23, 2021, and the allotted shares will be credited to your demat account by Wed, Feb 24, 2021. Check the Nureca IPO allotment status.
The Nureca IPO listing date is on Thu, Feb 25, 2021.
