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Nureca Limited IPO

25 February 2021
3 minutes

Nureca Limited, a fast-growing healthcare and wellness products distributor is launching an IPO on February 15, 2021(Open for subscription on Groww!). This will be open for subscription until February 17, 2021. Here is all you need to know about the issue.

You can apply for Nureca Limited IPO on Groww easily via UPI. Go to IPO. There you would be able to see the list of all open IPOs. Select Nureca Limited IPO and click on ‘Apply’. You would be able to invest in this IPO from February 15, 2021.

IPO Date February 15, 2021 to February 17, 2021
Issue Type Book Built Issue IPO
Issue Size Rs.100 Crore
Fresh Issue Rs.100 Crore
Face Value Rs.10 per equity share
IPO Price Rs.396 to Rs.400 per equity share
Market Lot 35 shares
Min Order Quantity 35 shares
Listing At BSE, NSE

Nureca Limited IPO Tentative Timetable

Bid/Offer Launch date February 15, 2021
Bid/Offer Last date February 17, 2021
Basis of Allotment finalization date February 23, 2021
Initiation of Refunds February 24, 2021
Credit of Shares to Demat Acct February 25, 2021
IPO Shares Listing Date February 25, 2021

About the company – Nureca Limited

Nureca Limited is in the business of the distribution of healthcare and wellness products. It is a digital-first company that sells its products through online channel partners like e-commerce platforms, distributors, and retailers, as well as through their website www.drtrust.in. Nureca has evolved as a one-stop solution provider in the home health market in India.

Nureca’s products portfolio has five categories of products:

  • Chronic Device Products – including products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self-monitoring glucose devices, humidifiers, and steamers.
  • Orthopedic Products – including rehabilitation products such as wheelchairs, walkers, lumbar and tailbone supports, and physiotherapy electric massagers.
  • Mother and Child Products – which includes products such as breast pumps, bottle sterilizers, bottle warmers, car seats, and baby carrycots.
  • Nutrition Supplements – including products such as fish oil, multivitamins, probiotics, biotin, apple cider, and vinegar.
  • Lifestyle Products – including products such as smart scales, aroma diffusers, and fitness trackers.

Objects of the Offer

Nureca Limited proposes to utilize around Rs.75 crores of the net proceeds from the fresh issue towards funding its incremental working capital requirements and the rest towards general corporate purposes.

FAQs

Q1. What is the Nureca Limited IPO?

The Nureca Limited IPO is a Main Board IPO for the issue of equity shares having the face value of Rs.10 totaling up to Rs.100 crores. The registrar for the IPO is Link Intime India Private Limited and the shares are proposed to be listed on the BSE and NSE.

Q2. What are the open and close dates of the Nureca Limited IPO?

The Nureca Limited IPO opens on February 15, 2021, and closes on February 17, 2021.

Q3. What are the lot size and minimum order quantity of the Nureca Limited IPO?

The lot size for the Nureca IPO is 35 shares and the minimum order quantity is 35 shares.

Q4. What are the allotment and listing dates of the Nureca Limited IPO?

For the Nureca IPO, the allotment will be finalized by February 23, 2021. Further, the shares are expected to be credited to investors’ accounts by February 25, 2021.

 

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