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Home >Markets >Ipo >Nureca IPO subscribed 14.77 times on second day

The 100- crore initial public offer of Nureca Limited was subscribed 14.77 times on Tuesday, the second day of subscription. The public issue received bids for 2.07 crore shares against 14.01 lakh shares on offer, as per data available with the NSE.

The category meant for non-institutional investors was subscribed 1.48 times and retail individual investors (RIIs) 80.32 times. Price range for the offer is at 396-400 per share. Prospective retail investors can bid for a minimum of 1 lot of 35 shares and a maximum of 490 shares or 14 lots. Employees of the company are being offered a discount of 20 per share.

On first day of its bidding, it was subscribed 5.73 times. The IPO closes for subscription on 17 February.

Nureca which owns the Dr Trust brand, is engaged in the business of home healthcare and wellness products and enables customers with tools to help them monitor chronic ailments and other diseases. Nureca sells products through online channel partners such as e-commerce players, distributors and retailers. It also sells products through its own website drtrust.in.

Last week, Nureca raised 44.55 crore from two anchor investors.

ITI Capital Limited is the manager to the offer. The equity shares will be listed on BSE and NSE.

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