Nureca files IPO Papers with SEBI - Nuerca IPO Details, GMP

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.

nureca ipo

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 Size187 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 3371
Contact Person: Pallavi Shinde
SEBI 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 6200
Investor Grievance:
Contact Person:Shanti Gopalkrishnan
SEBI Registration:INR000004058