What's Hot

    SEBI getting set to regulate index providers

    March 27, 2023

    China’s industrial profits slump in Jan.-Feb. as COVID pain lingers

    March 27, 2023

    S&P keeps India’s economic growth forecast unchanged at 6% in FY24

    March 27, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Invest PolicyInvest Policy
    Subscribe
    • Banking
    • Economy
    • Finance
    • Insurance
      • LIC
    • Investment
    • Market
    • Money
    • MF
    • More
      • Scheme
      • Property
    Invest PolicyInvest Policy
    Home Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts
    Market

    Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts

    InvestPolicyBy InvestPolicyFebruary 10, 2021Updated:February 28, 2021No Comments3 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    RailTel IPO: Premium falls in gray market, should you still invest?
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The IPO of Nureca Ltd, a company that makes healthcare and wellness products under the Dr Trust brand name, will launch on 15 February and investors will be able to subscribe to it by 17 February. The company will raise Rs 100 crore through this IPO. Nureka Limited has fixed an issue price of Rs 396-400 for a share price of Rs 10 for this IPO. Its lot size is 35 equity shares. That is, investors have to bid for at least 35 shares. The company has appointed ITI Capital Ltd as its lead manager for this IPO.

    75% of this Rs 100 crore IPO of Nureca Ltd is reserved for Qualified Institutional Buyers (QIBs). At the same time, non-institutional investors (NIIs) are capped at 15% and retail investors will be able to subscribe to only 10% shares. In this IPO, shares worth Rs 50 lakh have been reserved for eligible employees of the company. Employees will get a discount of 20 rupees from the share issue price. In this IPO, promoters will sell some of their shares through OFS, while fresh shares will also be issued. The company’s stocks will be listed on the BSE and NSE.

    Know the opinion of experts before investing

    Market experts are positive on Nureca Ltd’s IPO. Likhita Chepa, senior research analyst at CapitalVia Global Research, said the company’s electronic and digital presence is strong and has partnerships with several e-commerce players. The company has also been successful in strengthening its asset base and the company’s revenue has increased by more than 60% between March 2019 and March 2020. He said that the company’s outlook is positive and investment in it will prove to be a profitable deal.

    Funds will be used in these needs

    According to the draft Red Herring Prospectus (DRHP) filed in SEBI, Nureca will use the funds raised from this IPO to meet its working capital needs and general corporate expenses. In addition, the company will also use this amount to improve its visibility and brand image. Let us tell you that Nureca Ltd manufactures wellness products along with home healthcare. Also develops tools for monitoring people with chronic ailments. The company makes orthopaedic products along with chronic disease products, mother and childcare products and sells these products through e-commerce platforms and retailers along with its website.

    The tremendous growth in the first half of FY21

    While Abhay Doshi, co-founder of UnlistedArena, which oversees the gray market with pre-IPO and unlisted shares, said the company operates in a scattered unorganized market, Nureca Ltd has shown tremendous growth in the first half of FY21 and Its sales have increased significantly. Also, the company’s e-commerce strategy has been successful. He advised to subscribe to this IPO and said that due to the small issue size, its investors will be able to make profits. The company’s net profit for the quarter ended September 30, 2020 was Rs 36.18 crore. The company’s total revenue was Rs 122.97 crore and total assets were Rs 102.48 crore.

    Dr Trust Gray marque grey market IPO IPO Launching in 2021 New IPO Nureca grey market premium Nureca IPO Nureca IPO date Nureca IPO issue price Nureca IPO lot size Nureca IPO subscription Nureka Limited
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleInvesting in government securities directly became easy, invest or stay away
    Next Article Company gives application to SEBI, prepares to raise Rs 800 crore from IPO India Pesticides ipo-files IPO papers with Sebi, aims to raise Rs 800 crore
    InvestPolicy

      Related Posts

      Markets see volatile trade; Sensex slides 196 points

      February 13, 2023

      Budget 2023 | Defence sector gets lion’s share

      February 1, 2023

      Apple targets raising India production share to up to 25%: Goyal

      January 23, 2023
      Add A Comment

      Leave A Reply Cancel Reply

      Top Posts

      Investment Tips: Great tips for investing hard earned money, there will never be a shortage of money

      June 9, 2022

      Insurance and Inflation: To keep the future of the family away from financial crisis? So make your insurance cover inflation proof

      May 23, 2022

      Best investment plans for Millennials in 2020

      February 5, 2020
      Advertisement

      Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort. We are committed to provide accurate and unbiased information at your doorstep and keep it transparent among our customers.

      We're social. Connect with us:

      Facebook Twitter YouTube LinkedIn
      Top Insights

      SEBI getting set to regulate index providers

      March 27, 2023

      China’s industrial profits slump in Jan.-Feb. as COVID pain lingers

      March 27, 2023

      S&P keeps India’s economic growth forecast unchanged at 6% in FY24

      March 27, 2023
      Must Read

      LIC Kanyadan Policy 2021 | Registration Form, Eligibility and Benefits (LIC Kanyadan)

      February 6, 2021

      What is UTR Number in Phonepe and Google Pay? how to check

      March 1, 2022

      What is the minimum balance required in SBI Savings Account?

      December 5, 2021
      © 2023 Invest Policy.
      • About Us
      • Contact Us
      • Advertise
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.