Nureca IPO will open for subscription on 15 -17 February 2021. the company aims for an issue size of ₹ 100 crores (approx) through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Nureca Limited
Incorporated in 2016, Nureca is a B2C company engaged in the business of home healthcare and wellness products, which offers quality, durability, functionality, usability, and innovative designs. The company enables its customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle.
Nureca is a digital-first company wherein it sells its products through online channel partners such as e-commerce players, distributors, and retailers. It also sells products through its own website distrust. Nureca’s product portfolio is currently classified under five categories including
(i) Chronic Device Products – products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self-monitoring glucose devices, humidifiers, and steamers.
(ii) Orthopedic Products – which includes rehabilitation products such as wheelchairs, walkers, lumbar and tailbone supports, and physiotherapy electric massagers.
(iii) Mother and Child Products – which includes products such as breast pumps, bottle sterilizers, bottle warmers, car seats, and baby carrycots.
(iv) Nutrition Supplements – which includes products such as fish oil, multivitamins, probiotics, biotin, apple cider, and vinegar.
(v) Lifestyle Products – which includes products such as smart scales, aroma diffusers, and fitness trackers.
Objective of the Issue
- To meet the working capital requirements of the business.
- To meet general corporate purposes.
Competitive strength
- Experienced promoter and management team.
- Premium quality healthcare and wellness products.
- Strong online distribution network.
- Diversified product portfolio.
Basic details about the company
| Full name | Nureca Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | www.nureca.com |
Dates to remember
| IPO Opening date | 15 February 2021 |
| IPO Closing date | 17 February 2021 |
| Basis of Allotment date | 23 February 2021 |
| Initiation of Refunds | 24 February 2021 |
| Credit to Demat Account | 25 February 2021 |
| Listing Date | 26 February 2021 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹ 100 crores (approx) |
| Number of shares offered | 6,999,993 Shares |
| Face value | ₹10 per equity share |
| Price band | ₹396 to ₹400 per equity share |
| Retail portion | 10% |
| Lot size | 35 Nos |
| Minimum application | 1 lot – 35 shares |
| Maximum application | 13 lot – 490 shares |
| Minimum application amount | ₹14,000 |
| maximum application amount | ₹196,000 |
| Listing Exchange | BSE, NSE |
Financial summary
| Nureca’s financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | H1 FY2021 | |
| Revenue | 20.1 | 62.0 | 99.5 | 123.0 |
| Expenses | 15.7 | 53.1 | 90.9 | 74.3 |
| Net income | 3.1 | 6.2 | 6.4 | 36.2 |
| Net margin (%) | 15.4 | 10.0 | 6.4 | 29.4 |
Valuation of Nureca (as of FY2020)
| Earnings Per Share (EPS) | ₹9.14 |
| Price/Earnings (PE ratio) | 43.33 – 43.76 |
| Return on Net Worth (RONW) | 42.82% |
| Net Asset Value (NAV) | ₹73.78 per share (as of 30 Sep 2020) |
Company Promoters
- Saurabh Goyal
Nureca IPO Lead Managers
- ITI Capital Ltd
Registrar of Nureca IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: nureca.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Details
Nureca Limited
SCO 6 – 7 – 8
1st Floor, Sector 9 D,
Chandigarh, India
Phone: +91 172-5292900
Email: cs@nureca.com
Website: www.nureca.com
Nureca IPO Subscription Status
| Category | Day 1 | D 2 | D 3 |
| QIB | 0.00x | 0.00x | 3.10x |
| NII | 0.54x | 1.48x | 31.59x |
| RII | 31.22x | 80.21x | 166.65x |
| EMP | 0.90x | 2.49x | 4.82x |
| Total | 5.73x | 14.75x | 39.93x |
Nureca IPO Allotment Status
Nureca IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Nureca IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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