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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 ₹400.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹13,860 (35 shares). 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 Date | February 15, 2021 to February 17, 2021 |
| Listing Date | February 25, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹396 to ₹400 per share |
| Issue Price Final | ₹400 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,00,175 shares (aggregating up to ₹100.00 Cr) |
| Employee Discount | ₹20.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 75,00,000 shares |
| Share Holding Post Issue | 1,00,01,315 shares |
Nureca limited IPO offers total 25,01,315 shares. Out of which 18,56,250 (74.21%) allocated to QIB, 7,42,500 (29.68%) allocated to QIB, 3,71,250 (14.84%) allocated to NII, 2,47,500 (9.89%) allocated to RII and 11,13,750 (44.53%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 18,56,250 (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 (14.84%) | NA |
| Retail Shares Offered | 2,47,500 (9.89%) | 7,071 |
| Employee Shares Offered | 26,315 (1.05%) | NA |
| Total Shares Offered | 25,01,315 (100.00%) |
| 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 |
Nureca IPO opens on February 15, 2021, and closes on February 17, 2021.
| IPO Open Date | Mon, Feb 15, 2021 |
| IPO Close Date | Wed, Feb 17, 2021 |
| Tentative Allotment | Tue, Feb 23, 2021 |
| Initiation of Refunds | Wed, Feb 24, 2021 |
| Credit of Shares to Demat | Wed, Feb 24, 2021 |
| Tentative Listing Date | Thu, Feb 25, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 17, 2021 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1,024.88 | 338.83 | 235.18 | 70.19 | |
| Total Revenue | 1,229.73 | 994.87 | 619.83 | 200.69 | |
| Profit After Tax | 361.80 | 63.95 | 62.26 | 31.12 | |
The Company Nureca IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding incremental working capital requirements of our Company | 10.00 |
| 2 | General corporate purposes | 0.50 |
[Dilip Davda] Though IPO appears lucratively priced based on its super performance for FY21 H1, the sustainability of it raises concern. The company is in a highly competitive and fragmented segment. Its own plant which is on lease may face family dispute risk. Considering these aspects, cash surplus risk savvy investors may consider investment at their own risk. Read detail review...
| Listing Date | February 25, 2021 |
| BSE Script Code | 543264 |
| NSE Symbol | NURECA |
| ISIN | INE0DSF01015 |
| Final Issue Price | ₹400 per share |
| BSE Listing Group | T |
Nureca Ltd.
128 Gala Number Udyog Bhavan
1st Floor Sonawala Lane,
Goregaon (East), Mumbai
Goregaon, Maharashtra
Phone: +91-22-49616173
Email: cs@nureca.com
Website: http://www.nureca.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: nureca.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Nureca IPO is a main-board IPO of 25,00,175 equity shares of the face value of ₹10 aggregating up to ₹100.00 Crores. The issue is priced at ₹400 per share. The minimum order quantity is 35.
The IPO opens on February 15, 2021, and closes on February 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 February 15, 2021 and closes on February 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 Wednesday, February 24, 2021. Check the Nureca IPO allotment status.
The Nureca IPO listing date is on Thursday, February 25, 2021.
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