Nureca was incorporated on November 2, 2016. Nureca is B2C company engaged in the business of home healthcare and wellnessproducts,which offers quality, durability, functionality, usability and innovative designs. The company enables the customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle.
| Bidding Dates |
|---|
| 15 Feb 2021 - 17 Feb 2021 |
| Subscription |
|---|
| 39.93x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,000 | 1 | 14 | 35 | 2.5 M | ₹396 - ₹400 | 75 % | ₹990.0 M - ₹1000.0 M | RHP DOC |
Nureca IPO SUBSCRIPTION STATUS
17 Feb '21Nureca IPO overall subscription rate was 39.93 times the total available shares
Nureca IPO retail subscription rate was 166.65 times in the retail segment
Nureca IPO non-institutional investor subscription rate was 31.59 times in the non-institutional investor category
Nureca IPO Qualified Institutional Bidder subscription rate was 3.1 times the available shares for Qualified Institutional Bidder
Nureca IPO Employees subscription rate was 4.82 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
17 Feb 2021 (Day 3) | 166.65x | 31.59x | 3.1x | 4.82x |
16 Feb 2021 (Day 2) | 80.32x | 1.48x | 0x | 2.49x |
15 Feb 2021 (Day 1) | 31.22x | 0.54x | 0x | 0.9x |
Nureca FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY21 | 361.8 | 1,221.5 | 562.5 | 561.9 |
| FY20 | 64.0 | 994.3 | -79.2 | -83.4 |
| FY19 | 62.3 | 619.0 | -3.1 | -4.3 |
| FY18 | 31.1 | 200.5 | 1.0 | 0.8 |
Nureca IPO SUBSCRIPTION STATUS DETAILS
Nureca had 2.5 M shares on offer
Nureca IPO offer price was in the range ₹396 - ₹400
Nureca IPO minimum Investment was ₹14000
Nureca IPO issue size was ₹ 990.0 M - ₹ 1000.0 M
Nureca had a minimum lot size of 35 Shares per application
Nureca NUMBER OF SHARES ON OFFER
Nureca IPO IMPORTANT DATES
| Issue Open Date | 15 Feb 2021 |
| Issue close Date | 17 Feb 2021 |
| Allotment Date | 23 Feb 2021 |
| Refund Date | 24 Feb 2021 |
| Demat Account Credit Date | 24 Feb 2021 |
| Listing Date | 26 Feb 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Nureca Allotment Status | Exchange |
Nureca IPO subscription opened on 15 Feb 2021, and closed on 17 Feb 2021
IPO allotment for Nureca was finalized on Tuesday, 23 Feb 2021
IPO listing for Nureca was on NSE and BSE on Friday, 26 Feb 2021
Nureca IPO LISTING GAINS
| Issue Price (adjusted) | 400.0 |
| Listing Open Price | 635.0 |
| Listing Close Price | 666.6 |
| Listing Gain% | 58.7% |
| Current Gain% | -14.3% |
Nureca Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nureca Ltd. | 342.6 | 342.6 | 79 | 0 | 2.2 | 1.2 | 1.1 | 155.1 | 27 | 2.1 | 146.1 | 4.3 | 144666.7 |
| Poly Medicure Ltd. | 1693.8 | 17168.3 | 54.5 | -4.6 | 8.6 | 10.4 | 8.2 | 1995.3 | 13.4 | 322.1 | -4.8 | 31.1 | -11.9 |
| Medplus Health Services Ltd. | 700.2 | 8412.6 | 40 | 2.2 | 1.2 | 11.1 | 5.6 | 6963.8 | 12.6 | 219.6 | 46.1 | 17.5 | 18 |
| Q-Line Biotech Ltd. | 538.7 | 1256.7 | 22.6 | 22.6 | 10 | 347.4 | 7.7 | 55.7 | 98.1 | 23.9 | |||
| Laxmi Dental Ltd. | 216.1 | 1187.6 | 41 | -4.7 | 4.3 | 11.9 | 9.8 | 286.4 | 18.1 | 29 | -8.8 | 5.3 | -8.8 |
| Vasa Denticity Ltd. | 408.6 | 679.1 | 68.5 | -2.2 | 2.3 | 5.7 | 5 | 283.4 | 12.8 | 9.9 | -41.6 | 6 | -31.3 |
Nureca INFORMATION ON IPO ISSUE
About Nureca
Nureca was incorporated on November 2, 2016. Nureca is B2C company engaged in the business of home healthcare and wellnessproducts,which offers quality, durability, functionality, usability and innovative designs. The company enables the customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle.
Object of the Issue
1. To meet the working capital requirements of the business.
2. To meet general corporate purposes.
Nureca - PROMOTERS
| Name |
|---|
| Saurabh Goyal |
Nureca Book Running Lead Managers
ITI Capital Limited
ipo.nureca@iticapital.in
Nureca Registrar to the Offer
Link Intime India Private Limited
nureca.ipo@linkintime.co.in
Nureca Strengths
Diversified product
The company has diversified product portfolio
Experienced team
Experienced promoter and management team
distribution network
The company has strong online distribution network
Premium products
The company has premium quality healthcare and wellness products
Nureca Risks
Dependent on third party
The company relies on third-party for manufacturing of its products and depends heavily on the channel partners such as third-party e-commerce players, distributors and retailers
Subject to 'Search and Seziure'
Promoter, members of the Promoter Group and some of the Directors have been subject to a ‘search and seizure’ operation by the income-tax department.
Negative cash flow
The company has experienced negative cash flows and may continue to do so in the future
Limited operating and financial history
Limited operating and financial history, which makes it difficult to accurately assess the future growth prospects.
IPO FAQs
The promoter of the company is Saurabh Goyal.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 396.0 - 400.0.
The IPO application opens on Feb 15, 2021 and closes on Feb 17, 2021.
The minimum lot size for the IPO is 35. The maximum lot size for the IPO is 490.
For all category investors, the minimum application amount for this IPO is Rs. 14,000.0, the maximum value for this IPO is Rs 196,000.0.
This IPO will be allotted on Feb 23, 2021.
The refund will be credited to your account on Feb 24, 2021.
The allotted shares will be credited to your demat on Feb 24, 2021.
Nureca Ltd.’s shares listed on the stock exchanges on Feb 26, 2021.