Nureca's Rs. 100 Crore IPO Opens February 15: Details Here

Amid euphoria in the primary market, companies across verticals are trying to tap the current market momentum. And here's one IPO coming from B2C company with engagement in the business of home healthcare and wellness products, Nureca.

Nureca's Rs. 100 Crore IPO Opens February 15: Details Here

Here are the fine details about the issue:

1. Issue details: The company will launch its IPO on February 15 to raise a sum of Rs. 100 crore. The public offer will close on February 17 and a price band of Rs 396-400 per share has been fixed by the company.

Investors can bid for a minimum of one lot of 35 equity shares and in multiples thereafter, up to 14 lots. A total of up to 75 percent of the issue will be reserved for qualified institutional buyers (QIB), up to 10 percent for retail investors and the remaining 15 percent for the non-institutional category.

For eligible employees, share amounting to Rs. 50 lakh shall be reserved and will be on offer at a discount of Rs. 20 per share.

ITI Capital Ltd is the sole book-running lead manager and Link Intime India Private is the registrar to the issue.

2. About the company:

Nureca was incorporated in the year 2016 and offers quality, durability, functionality, usability and innovative designs in the area of home healthcare and wellness segment. Some of the company's brand include Dr Trust, Dr Physio and Trumom.

3. Issue objective:

The proceeds of the issue will be used for funding the company's incremental working capital requirements and for general corporate purposes, the company said in a statement.

4. Financials:

The revenue from operations for the firm has grown at a CAGR of 122.68 percent during the last two years i.e through 2020 and net profit has grown at a CAGR of 43.35 percent in the same period.

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