Nureca Limited IPO- February 15, 2021

Nureca Limited IPO- February 15, 2021

Nureca is the country’s first digital healthcare and wellness company. A global biopharma company, focusing on neurology and immunology. They sell its products through its website and a network of online partners. Their business is strong and total revenue grew to €4.9 billion in 2019. They have more than 7,600 people in all four corners of the globe, inspired by patients and driven by science. It has tied up with India’s first omnichannel electronics retailer, Croma from Tata to sell its healthcare and wellness products through their stores across the country.
The company has also signed  up with the cricketer Rohit Sharma  as the brand ambassador of its most popular brand, Dr Trust, last year.

Financial Performance

Particulars
For the year (₹ in million)
 
30-Sept-20
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets
1,024.88
338.83
235.18
70.19
Total Revenue
1,229.73
994.87
619.83
200.69
Profit After Tax
361.80
63.95
62.26
31.12

Point to note before Investing in Nureca IPO
  • Strong product portfolio with focus on quality and innovation
  • Strong online distribution network
  • Strong senior management team and experienced promoter
  • Innovative products are not time tested and might impact on business if any single product experiences any issue
  • Strong competitors that can affect Nureca’s market
 
IPO Details

IPO Opening Date
Feb 15, 2021
IPO Closing Date
Feb 17, 2021
Issue Type
Book Built Issue IPO
Face Value
₹10 per equity share
IPO Price
₹396 to ₹400 per equity share
Market Lot
35 Shares
Min Order Quantity
35 Shares
Listing At
BSE, NSE
 
Allotment , Listing and Refunds  detail

IPO Open Date
Feb 15, 2021
IPO Close Date
Feb 17, 2021
Basis of Allotment Date
Feb 23, 2021
Initiation of Refunds
Feb 24, 2021
Credit of Shares to Demat Account
Feb 25, 2021
IPO Listing Date
Feb 26, 2021
 
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