Nureca IPO

Nureca IPO dates, price band, Analysis & details

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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 nameNureca Limited

Dates to remember

IPO Opening date15 February 2021
IPO Closing date17 February 2021
Basis of Allotment date23 February 2021
Initiation of Refunds24 February 2021
Credit to Demat Account25 February 2021
 Listing Date26 February 2021

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹ 100 crores (approx)
Number of shares offered6,999,993 Shares
Face value₹10 per equity share
Price band ₹396 to ₹400 per equity share
Retail portion10%
Lot size35 Nos
Minimum application1 lot – 35 shares
Maximum application13 lot – 490 shares
Minimum application amount₹14,000
maximum application amount₹196,000
Listing ExchangeBSE, NSE

Financial summary

Nureca’s financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income3.16.26.436.2
Net margin (%)15.410.06.429.4

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

Company Contact Details

Nureca Limited
SCO 6 – 7 – 8
1st Floor, Sector 9 D,
Chandigarh, India
Phone: +91 172-5292900

Nureca IPO Subscription Status

CategoryDay 1D 2D 3

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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