We’re only a few days into the month of February, 2021 and we’re about to witness a second upcoming IPO already. This time, it's from Nureca Limited. If you’re interested in knowing more about the latest Nureca Ltd IPO details, continue reading.
About the company
Operating in the healthcare industry, Nureca Ltd is a relatively new company that was incorporated in the year 2016. The company is in the business of manufacturing home healthcare and wellness products under as many as 5 different categories.
The product portfolio is quite extensive and spans multiple products including chronic device products, orthopedic products, mother and child products, nutrition supplements, and lifestyle products.
Nureca Ltd features a business model that’s predominantly digital. The products manufactured by it are sold through digital platforms such as ecommerce websites and its own website - drtrust.in.
Nureca Ltd IPO details
Now that you’re aware of the company operations, let’s delve into the details of this new IPO such as the Nureca Ltd IPO date and the Nureca Ltd IPO share price band.
Nureca Ltd IPO date
The latest IPO from Nureca Ltd is slated to open up to the public on February 15, 2021. The issue would then come to a close on February 17, 2021, after remaining open for 2 days.
Nureca Ltd IPO issue size
The total issue size of the upcoming IPO 2023 from Nureca Ltd aggregates to around Rs. 100 crores. The entire issue would be a fresh issue of shares with no Offer for Sale (OFS) from the promoters of the company.
Nureca Ltd IPO share price band
The company has set the share price band of its new IPO as Rs. 396 to Rs. 400 per equity share. Since the face value of the company’s shares are at Rs. 10 per share, around Rs. 386 to Rs. 390 per equity share would go towards share premium.
Nureca Ltd IPO listing
Similar to all the latest IPOs, the issue from Nureca Ltd would also list on both the stock exchanges of the country - the Bombay Stock Exchange and the National Stock Exchange.
Nureca Ltd IPO objectives
The company has proposed to use the net proceeds from the issue for satisfying its working capital requirements and for other general corporate purposes.
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