All you need to know about Nureca IPO

Nureca Ltd, a healthcare and wellness products distributor is coming up with an IPO on February 15, 2021. This will be open for subscription until February 15, 2021. Here is all you need to know about the IPO

Nureca IPO

Issue Opens: February 15, 2021
Issue Closes: February 17, 2021
Issue Type: Book Built Issue IPO
Face Value: ? 10
Price Band: ?396-400
Issue Size: ?100cr
Bid lot: 35 Equity shares
Issue Type: OFS & Fresh Issue
 

About The company:

Nureca Ltd is a B2C company engaged in the business of home healthcare and wellness products. It is digital first company that sells products through online channel partners such as e-commerce players, distributors and retailer. Further, the company also sells products through their own website drtrust.in. Nureca has evolved as a one-stop solution provider in the home health market in India.

The company classifies products portfolio under the following five categories such as
(i) Chronic Device Products – which includes products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, selfmonitoring 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.

Objects of the Offer:
The IPO proceed will be utilized towards following purposes:

• To meet the working capital requirements of the business.
• To meet general corporate purposes.

Financials

Source: RHPVisit our Current IPOs section for all IPOs open for subscription. To know more about forthcoming IPOs opening soon, visit Upcoming IPOs page.