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.
Nureca will utilise the share proceeds to fund its incremental working capital requirements and for general corporate purposes.
Nureca raised Rs 44.55 crore from two anchor investors on Friday, February 12, 2021 at the upper price band of Rs 400 per share.
ITI Capital Ltd is the sole book running lead manager and Link Intime India Private is the registrar to the issue.
Nureca is a home healthcare and wellness products company that sells products through its own website and online channel partners such as e-commerce players, distributors and retailers. It also sells products through its website, drtrust.in.