Nureca Limited IPO Subscription Status: FINAL
| Investor Category | Quota | Subscription |
|---|---|---|
| Institutional (QIB) | 75% | 3.10x |
| Non-Insti. (HNI) | 15% | 31.59x |
| Retail (RII) | 10% | 166.65x |
| Employee | – | 4.82x |
| Total Subscription | 100% | 39.93x |
Nureca Limited IPO Subscription: End of Day Update
| Day | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 0.00x | 3.10x |
| HNI | 0.54x | 1.49x | 31.59x |
| Retail | 31.23x | 80.22x | 166.65x |
| Employee | 0.91x | 2.49x | 4.82x |
| Total | 5.73x | 14.75x | 39.93x |
Nureca Limited IPO: Analyst Recommendations
MoneyWorksforMe – Avoid
Nureca is nothing but a trading company with no edge in distribution or branding for now. The sheer size of the company doesn’t give us confidence whether the company has the ability to compete with slightly established players in terms of advertising spends or pricing.
GEPL Capital – Subscribe [ GEPL Report ]
The diversified portfolio range, growth in the home healthcare segment and higher online channel
mix are estimated to drive profitability in the years to come.
Reliance Securities – Subscribe
“IPO is valued at 5.6x annualized earnings report in 1HFY21, which looks to be attractively valued given high asset turnover and return ratio of the company,”
SMC Global – NEUTRAL 2/5 [ SMC Report ] | Choice Broking – Avoid [ Report ]
Nureca Limited IPO Subscription: Key IPO Details
| Type | Value |
|---|---|
| Issue Size | ₹100.00 Cr |
| Issue Open | 15/02/2020 10:00 AM |
| Issue Close | 17/02/2020 05:00 PM |
| Face Value | ₹10/- per Equity Share |
| IPO Price | ₹396 – ₹400 |
| Lot Size | 35 shares |
| Lots | Min 1 – Max 14 |
| 2018 | 2019 | 2020 (Mar) | 2020 (Sep) | |
|---|---|---|---|---|
| Revenue from Ops | 20.05 Cr | 61.90 Cr | 99.43 Cr | 122.15 Cr |
| Profit before Tax | 4.32 Cr | 8.84 Cr | 8.61 Cr | 48.65 Cr |
| Profit after Tax | 3.11 Cr | 6.23 Cr | 6.40 Cr | 36.18 Cr |
| EPS (Basic) | 4.45 | 8.89 | 9.14 | 51.69 |
Industry P/E ratio comparison: There are no listed entities in India that are engaged in a similar line of business or whose business is comparable with that of Nureca’s business
Nureca Limited IPO Subscription – FAQs
1. How to apply for Nureca IPO in Retail Category?
A: An investor in retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account
2. How to apply for Nureca IPO in HNI Category?
A: An investor can apply in HNI category only through the ASBA process via bank account
3. Where can I find the Red Herring Prospects (RHP) details?
A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP
