Nureca IPO Launch Today: Nureca Limited’s 100 crore IPO has opened for investment on 15 February.
Nureca IPO Launch Today: Nureca Limited’s 100 crore IPO has opened for investment on 15 February. This is the sixth IPO of this year. Nureca is a BTUC (business to customer) company in the business of home healthcare and wellness products. This IPO will be open for investment from 15 February to 17 February. The price band for this has been fixed at Rs 396-400 per share. This stock will be listed on both BSE and NSE indices. In view of the rapid growth in the IPO market, if you also want to invest in the IPO of Nureca Limited, then it is important to first get some information here.
44 crores raised from anchor investors
Nureca has raised Rs 44.55 crore from anchor investors before the IPO launch. Nureca has allotted 11.13 lakh equity shares to anchor investors at a price of Rs 490. According to BSE, Nexpact Limited has invested Rs 34.55 crore through 8.63 lakh equity shares, which is 77.55 per cent of the fixed shareholding of Anchor Investor. Next Orbit Ventures Fund invested Rs 10 crore in 2.50 lakh equity shares (22.45 per cent).
The proceeds from the Nureca IPO will be used to meet the capital requirements for the business. At the same time, the fund will also be used in general corporate purpose.
What is the report on investment?
According to a report by SMC Global, the company’s portfolio is better diversified which is its strength. Hence, there can be good growth in the company’s business ahead. The company’s growth in the home health care segment is good, which is looking to improve further. On the other hand, there are some challenges too. For example, innovation or delay in the development of new products, technology challenges that can have some negative effects in the long term.
At the same time, brokerage house Reliance Securities says that the valuation of Nureca Limited is attractive, from which the IPO can be subscribed. Brokerage house Angel Broking has also given a positive opinion on the IPO.
The company’s total assets stood at Rs 102.48 crore for the quarter ended 30 September 2020. At the same time, total revenue was Rs 122.97 crore. The profit after tax was Rs 36.18 crore. Saurabh Goyal is the promoter of the company.
The company’s objective is to provide customers with the best quality, durable and innovative tools so that their lifestyle can be improved. The company has a well-diversified product portfolio, which includes chronic disease products, orthopaedics products, mother and child products, nutritional supplements and lifestyle products.
How much minimum investment
The company has kept the price band per share at Rs 396-400 at a face value of Rs 10. Lot size of 35 shares has been kept in the IPO. That is, it is necessary to invest at least Rs 14000 in an IPO. After this one can invest in its multiplier.
How much reserve for
Nureca Limited has a 75 per cent reservation for qualified institutional buyers in the IPO. For retail investors, it has a share reserve of up to 10 per cent. While 15 per cent of the reserve has been kept for non-institutional categories. The company has a reserve of 50 lakh shares for its qualified employees. Qualified employees will be given a rebate of Rs 20 per share.