Nureca is a B2C company engaged in the business of home healthcare and wellness products, which offers quality, durability, functionality, usability and innovative designs.
The company enables its customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle.
Nureca is a digital first company wherein it sells its products through online channel partners such as e-commerce players, distributors and retailer.
It also sells products through its own website drtrust.in. Nureca’s product portfolio is currently classified under the five categories including
(i) Chronic Device Products – products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self-monitoring glucose devices, humidifier and steamers.
(ii) Orthopedic Products – which includes rehabilitation products such as wheelchairs, walkers, lumbar and tailbone supports and physiotherapy electric massagers.
(iii) Mother and Child Products – which includes products such as breast pumps, bottle sterilizers, bottle warmers, car seats and baby carry cots.
(iv) Nutrition Supplements – which includes products such as fish oil, multivitamins, probiotics, botin, apple cider and vinegar.
(v) Lifestyle Products – which includes products such as smart scales, aroma diffusers and fitness tracker.
Competitive Strengths
- Diversified product portfolio.
- Experienced promoter and management team.
- Strong online distribution network.
- Premium quality healthcare and wellness products.
Company Financials
| Particulars | For the year/period ended (₹ 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 |
Objects of the Issue
- To meet the working capital requirements of the business.
- To meet general corporate purposes.
Nureca limited IPO Details
| IPO Opening Date | 15 FEB, 2021 |
| IPO Closing Date | 17 FEB, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹ 100 Cr. |
| 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 |
Nureca IPO
| IPO Open Date | 15 FEB, 2021 |
| IPO Close Date | 17 FEB, 2021 |
| Finalization of Basis of Allotment | 23 FEB, 2021 |
| Initiation of Refunds | 24 FEB, 2021 |
| Credit of Shares to Demat Account | 25 FEB, 2021 |
| IPO Listing Date | 26 FEB, 2021 |
Nureca IPO Lots Size & Price (Retail)
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 35 | 14,000 |
| Maximum | 13 | 455 | 1,82,000 |
Nureca Power IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Nureca Power IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the Nureca Power IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an Nureca Power IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| Nureca Limited 128 Gala Number Udyog Bhavan 1st Floor Sonawala Lane, Goregaon (East), Mumbai Phone: +91-22-49616173 Email: cs@nureca.com Website: http://www.nureca.com/ |
