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NEW DELHI: Nureca Limited on Thursday made a strong debut on BSE, as the scrip got listed at Rs 634.95, a premium of 58.74 per cent over its issue price of Rs 400. On NSE, the shares listed at Rs 615.00 apiece, a 53.75 per cent premium over the issue price.
At the issue price, the stock was priced at a P/E of 62.55 times on its earnings per share of Rs 6.40.
The Rs 100 crore IPO by the home healthcare and wellness products maker was open for subscription from February 15 to February 17. The issue was subscribed 39.93 times in total.
The B2C company received bids for 5,59,65,945 shares against 14,01,595 shares on offer, according to NSE data. The category meant for qualified institutional buyers (QIBs) was subscribed 3.10 times, and that for non-institutional investors 31.59 times. The portion reserved for retail individual investors (RIIs) saw subscription of 166.65 times.