Nureca IPO Day 2: Issue Subscribed 9 1 Times, Retail Portion Booked 50 Times moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
The healthcare and wellness products companycompany plans to raise Rs 100 crore from the IPO. The proceeds from the public issue will be used by the company for funding incremental working capital requirements and general corporate purposes. Here is all you need to know:
The ₹100 crore IPO of healthcare and wellness products distributor Nureca is now open for public subscription.The company sells products such as blood pressure
Nureca raised Rs 44.55 crore from two anchor investors on Friday at the upper price band
Nureca s Rs 100 crore public issue opened for subscription today i.e. February 15, 2021. The public offer of Nureca, which owns the Dr Trust brand, will remain open for three day until Wednesday i.e. February 18, 2021. The shares, which are being offered in the price band of Rs 396-400, are set to be listed on the BSE Sensex and NSE Nifty exchanges.
Bids can be placed for a minimum one lot of 35 equity shares and a maximum of 14 lots, or 490 shares. A total of up to 75 per cent of the issue will be reserved for qualified institutional buyers, up to 10 per cent for retail investors and the rest 15 per cent for the non-institutional category. The company employees are being offered a discount of Rs 20 per share.