{"id":1666,"date":"2021-02-13T06:07:10","date_gmt":"2021-02-13T06:07:10","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=1666"},"modified":"2021-02-14T04:25:15","modified_gmt":"2021-02-14T04:25:15","slug":"nureca-limited-ipo","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/nureca-limited-ipo\/","title":{"rendered":"Nureca IPO Details – Date, Price & Overview"},"content":{"rendered":"

In 2020, many IPOs were launched in the second half of 2020 after market sentiments improved post the historic March crash. In the period April 2020 to January 2021, the country\u2019s stock exchanges (both NSE and BSE combined) witnessed 19 IPOs and raised proceeds worth Rs. 34,003.78 crores in total.<\/p>\n

The Indian market is set to witness more initial public offerings (IPOs) in 2021 as equity markets are zooming in on prospects after the Covid-19 vaccine release. The IPO market is likely to see a number of major launches due to this positivity which has led Sensex and Nifty to record new highs in 2021.<\/p>\n

Many investors have their eyes stuck on the upcoming IPOs. Here are the details of Nureca IPO – its overview, opening, closing, and allotment dates.<\/p>\n

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Contents<\/p>\n

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  1. Here\u2019s a quick glimpse of Nureca\u2019s Operations<\/a><\/li>\n
  2. Product Categories<\/a><\/li>\n
  3. Growth in Home Health Segment<\/a><\/li>\n
  4. Financials of Nureca<\/a><\/li>\n
  5. Nureca IPO Listing Details<\/a><\/li>\n
  6. IPO Timeline<\/a><\/li>\n
  7. Nureca IPO Issue Objective<\/a><\/li>\n
  8. Nureca Strengths & Business Risks<\/a><\/li>\n
  9. Summing up<\/a><\/li>\n
  10. How to apply for IPO on Paytm Money<\/a><\/li>\n
  11. Key Takeaways of Nureca IPO <\/a><\/li>\n<\/ol>\n<\/div>\n

    Here’s a quick glimpse of Nureca’s Operations<\/h2>\n

    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 their customers with tools to help them monitor chronic ailments and other diseases, to improve their lifestyle.<\/p>\n

    The company believes in innovation and catering new products to the ever-growing needs of the home health care sector. It is a digital-first company wherein it sells its products through online channel partners such as e-commerce players, distributors, and retailers. Furthermore, it also sells products through the website \u201cDr Trust\u201d – www.drtrust.in.<\/p>\n

    Nureca has most of the product lines supporting the home health market in India, making it a one-stop solution provider. \u201cDr Trust\u201d is known for its innovative products in the market, with the segment showing significant potential for growth. Currently, the company offers various products under three brands namely, Dr. Trust, Dr. Physio, and Trumom.<\/p>\n

    Product Categories<\/h2>\n

    Nureca provides an improved product mix to its customers and their preferences, thereby targeting a wider customer base. The company\u2019s growth is further driven by its ability to make available an assortment of quality products under trusted brands built by the Company.<\/p>\n

    Nureca\u2019s products portfolio has five categories of products<\/h3>\n

    Chronic Device Products \u2013 that includes products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self monitoring glucose devices, humidifier and steamers.<\/p>\n

    Orthopaedic Products \u2013 that includes rehabilitation products such as wheelchairs, walkers, lumbar and tailbone supports and physiotherapy electric massagers.<\/p>\n

    Mother and Child Products \u2013 that includes products such as breast pumps, bottle sterilizers, bottle warmers, car seats, and baby carry cots.<\/p>\n

    Nutrition Supplements \u2013 that includes products such as fish oil, multivitamins, probiotics, botin, apple cider, and vinegar.<\/p>\n

    Lifestyle Products \u2013 that includes products such as smart scales, aroma diffusers, and fitness trackers.<\/p>\n

    Growth in Home Health Segment<\/h2>\n

    The Home Health Market in India and neighbouring countries is reportedly pegged at Rs.20,757.0 crore in 2019 and is expected to grow to Rs.38,920.7 crore by 2025 at a CAGR (Compound Annual Growth Rate) of 11.0%.<\/p>\n

    The growth is driven by rising awareness of health and wellness, increased spending power, the growing burden of chronic diseases, and the need for healthcare stakeholders to reduce healthcare costs.<\/p>\n

    Financials of Nureca<\/h2>\n

    A quick glance at the financial performance of Nureca over the last three years highlights the fact that there has been significant growth in revenue. Their revenue from operations has grown at a CAGR of 122.68% during fiscal year 2018 to 2020.<\/p>\n

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    Nureca IPO Listing Details<\/h2>\n

    Nureca limited initial public offering of Rs. 100 crores will hit the market on February 15 and close on February 17, 2021. Nureca is issuing shares at a price band of Rs. 396 to Rs. 400 with a minimum lot size of 35 shares and in multiples thereafter. The company is offering up to 25,00,000 fresh equity shares with a face value of Rs. 10 each.<\/p>\n

    The Promoter of the company is Saurabh Goyal. The lead manager for the issue is ITI Capital Limited and the Registrar for this issue is Link Intime India Private Limited.<\/p>\n

    IPO Timeline<\/h2>\n

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    Nureca IPO Issue Objective<\/h2>\n

    Nureca Limited proposes to utilise the net proceeds from the fresh issue towards funding its incremental working capital requirements and the rest towards general corporate purposes.<\/p>\n

    Additionally, the company expects to achieve the benefits of listing of their equity shares on the stock exchanges, enhancement of their company\u2019s brand name, and creation of a public market for their equity shares in India.<\/p>\n

    Nureca Strengths & Business Risks<\/h2>\n

    Strengths<\/h3>\n