Nureca IPO entirely subscribed, retail share booked 10 instances on Day 1

Nureca IPO is the smallest public challenge in size (Rs 100 crore) among considerations launched to this level in 2021.

February 15, 2021 / 11: 56 AM IST

The Rs 100-crore preliminary public providing of Nureca, the resolution supplier of home healthcare products in India, has been subscribed 1.79 instances to this level on February 15, the first day of bidding.

The plump subscription of public challenge is largely backed by retail investors whose reserved share has been subscribed extra than 10 instances, and that of workers' is 26 percent subscribed.

The proportion space aside for non-institutional investors witnessed subscription of 2 percent, while certified institutional merchants are yet to position of their bids.

The provide has got total bids of 25.17 lakh equity shares in opposition to IPO size of 14.01 lakh shares, the subscription recordsdata on hand on the exchanges showed.

Nureca IPO: Top 10 things to know earlier than subscribing the challenge

The provide size excluded anchor e-book in which the corporate already raised Rs 44.55 crore on February 12. The ticket band for the challenge has been fastened at Rs 396-400 per portion.

The company has reserved Rs 1 crore fee of shares within the IPO for its workers who will secure those shares at a lower ticket of Rs 20 per portion.

The company will utilise IPO proceeds for funding incremental working capital requirements.

It is the smallest public challenge in size among IPOs launched to this level in 2021. Indian Railway Finance Company, Indigo Paints, House First Finance Company, Stove Kraft and Brookfield India Proper Estate Have confidence, to this level, launched within the current one year since January.

Nureca is a B2C company engaged within the enterprise of home healthcare and wellness products. It permits potentialities with tools to wait on them show screen chronic ailments and other illnesses, to enhance their lifestyle.

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