Saturday, February 27, 2021

Nureca IPO Details

Nureca IPONureca IPO description – 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 retailer. It also sells products through its own website drtrust.in. Nureca’s product portfolio is currently classified under the five categories including
(i) Chronic Device Products – products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self-monitoring glucose devices, humidifier 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 carry cots.
(iv) Nutrition Supplements – which includes products such as fish oil, multivitamins, probiotics, botin, apple cider and vinegar.
(v) Lifestyle Products – which includes products such as smart scales, aroma diffusers and fitness tracker.

Promoters of Nureca – Saurabh Goyal
Nureca IPO details
Subscription Dates 15 – 17 February 2021
Price Band INR396 – 400 per share 
Fresh issue INR100 crore 
Offer For Sale Nil   
Total IPO size INR100 crore
Minimum bid (lot size) 35 shares
Face Value  INR10 per share
Retail Allocation 10%
Listing On NSE, BSE
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Nureca’s financial performance (in INR crore)

  FY2018 FY2019 FY2020 H1 FY2021
Revenue 20.1 62.0 99.5 123.0
Expenses 15.7 53.1 90.9 74.3
Net income 3.1 6.2 6.4 36.2
Net margin (%) 15.4 10.0 6.4 29.4

Nureca Contact Details

Nureca Limited
SCO 6 – 7 – 8
1st Floor, Sector 9 D,
Chandigarh, India
Phone: +91 172-5292900
Email: [email protected] 
Website: www.nureca.com

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
Email: [email protected]
Website: http://www.linkintime.co.in

Valuation of Nureca (as of FY2020)

Earnings Per Share (EPS): INR9.14
Price/Earnings (PE ratio): 43.33 – 43.76
Return on Net Worth (RONW): 42.82%
Net Asset Value (NAV): INR73.78 per share (as of 30 Sep 2020)

Nureca IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 750,000 0.00 0.00 3.10
NII 375,000 0.54 1.49 31.59
Retail 250,000 31.23 80.33 166.65
Employee 26,595 0.91 2.49 4.82
Total 1,401,595 5.73 14.77 39.93

Nureca IPO: Avoid or Subscribe?

BP Wealth –  Avoid
ChoiceBroking – Avoid
Elite Wealth – Subscribe
GEPL Capital –  Subscribe
SMC Global- 2/5
Ventura Securities – Not Rated

Nureca IPO Allotment Status

Nureca IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Nureca

IPO Opening Date: 15 February 2021
IPO Closing Date: 17 February 2021
Finalisation of Basis of Allotment: 23 February 2021
Initiation of refunds: 24 February 2021
Transfer of shares to demat accounts: 25 February 2021
Listing Date: 26 February 2021
Opening Price on NSE: INR615 per share (up 53.75% from IPO price)
Closing Price on NSE: INR645.75 per share (up 61.43% from IPO price)

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