Nureca, which owns the Dr Trust brand, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 100 crore through an initial public offering ( IPO ). The shares of the company are proposed to be listed on both BSE and NSE.
Proceeds of the issue will be used for funding incremental working capital requirements of the company and general corporate purposes. Further, through listing, the company expects to enhance its visibility and brand image among existing and potential customers and creation of a public market for equity shares in India. ITI Capital is the sole book running lead manager to the issue.
Nureca is engaged in the business of home healthcare and wellness products and enables customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle. The company sells its products through online channel partners such as e-commerce players, distributors and retailers.
Read Also :- Nureca IPO Price, GMP, Market Lot & Other Details
Nureca IPO Date & Price Band:
| Issuer | Nureca IPO |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: February 15, 2021 |
| Issue Closes: February 17, 2021 | |
| Price Brand | ₹ Per Share |
| Issue Size | ₹100 Crores |
| Face Value | Rs.10 per Equity Share |
| Equity | 75,00,000 Shares |
| Minimum Lot Size | 187 Shares |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹ |
| Fresh Issue | ₹ |
| Listing at | NSE & BSE |
Nureca IPO Tentative Timetable
The Nureca IPO open date is 15 Feb 2021 , and the close date is 17 Feb 2021. The issue may list on .
| IPO Open Date | 15 Feb , 2021 |
| IPO Close Date | 17 Feb , 2021 |
| Basis of Allotment Date | Feb, 2021 |
| Initiation of Refunds | Feb, 2021 |
| Credit of Shares to Demat Account | Feb, 2021 |
| IPO Listing Date | Feb, 2021 |
Nureca IPO Market Lot:
| Minimum Lot Size: | Minimum Shares |
| Minimum Amount: | ₹ |
| Maximum Lot Size: | Maximum Shares |
| Maximum Amount: | ₹ |
Nureca IPO Lead Manager:
Naman Midtown, ‘A’ Wing, 20thFloor, Senapati Bapat Marg, Elphinstone (West)Mumbai –400 013,Maharashtra, India.Tel: +91 22 4031 3371Email:ipo.nureca@iticapital.inInvestor Grievance:investorgrievance@iticapital.inWebsite: www.iticapital.inContact Person: Pallavi ShindeSEBI Registration:INM000010924
Nureca IPO Registrar:
C-101, 1st floor, 247 Park, L.B.S. Marg,Vikhroli (West)Mumbai 400 083,Maharashtra, India.Tel:+91 22 4918 6200E-mail:nureca.ipo@linkintime.co.inInvestor Grievance: nureca.ipo@linkintime.co.inWebsite:www.linkintime.co.inContact Person:Shanti GopalkrishnanSEBI Registration:INR000004058
