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Nureca Limited IPO Review, Date, Price Band, Market Lot details.

Nureca Ltd’s IPO is going to set in motion for subscription on February 15, 2021. Nureca Limited is a distributor company of healthcare and wellness products. The company intends to offer best quality tools to improve the lifestyle of their customers. This distributer gaint offers a wide range of products like Nutrition Supplements, Lifestyle products, Orthopedic products. This is the first digital company to sell these products through their website drtrust.in and through other online distributors.

Nureca Ltd’s IPO is going to set in motion for subscription on February 15, 2021. The objective was set as a result of the approval of SEBI to raise ₹100 crore through public issue. The company will be sold in the price band of ₹396-400 with a face value of ₹10 each.

FINANCIAL PERFORMANCE OF THE COMPANY

The summary of financial information is given below( ₹ in million).

2020 Sep 30 2020 Mar 31 2019 Mar 31 2018 Mar 31
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

 

IPO DETAILS OF NURECA LTD

IPO DATE February 15, 2021- February 17, 2021
ISSUE TYPE Book Built Issue IPO
IPO SIZE ₹100 cr.
FRESH ISSUE Eq shares of ₹10
IPO PRICE ₹396-₹400 per equity share
FACE VALUE ₹10 per equity share
MIN ORDER QUANTITY 35 shares
LISTING ON NSE, BSE

Nureca IPO Allotment & Listing

 Basis of Allotment:  23 February 2021
 Refunds:  24 February 2021
 Credit to Demat Account:  25 February 2021
 Listing Date:  26 February 2021

 

OBJECTS OF NURECA LTD IPO ISSUE

  • General corporate purposes.
  • Utilization of the funds to meet the requirements of working capital of the business.

LEAD MANAGER OF NURECA LTD IPO

ITI Capital Ltd is the only Book Running Lead Manager of the issue. Equity shares will be listed on NSE and BSE.

REGISTRAR OF NURECA LTD IPO

Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai, Maharashtra 400 083
Tel: +91 22 4918 6270
E-mail: [email protected]
Website: www.linkintime.co.in

How to Apply the Nureca IPO?

You can apply Nureca IPO via ASBA online or  via your bank account. Same can be applied via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

 

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