IPO Details
Below are key details about the IPO of the Company
- IPO Start Date – 15th Feb 2020
- IPO End Date – 17th Feb 2020
- IPO Price – INR 396 – 400
- IPO Lot Size – 35
- Minimum investment required – INR 14,000
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Business Details
Nureca Limited is in business of Home Healthcare equipment and monitoring products. The product from the Company can be divided into below heads
- Chronic Device Products
- These products targets diseases like Diabetes and Blood Pressure. The products from this category are sold under the brand name Dr Trust. The major products are Blood Pressure monitors, Glucose level monitors etc.
- Orthopedic Products
- These products are sold under the brand name Dr Physio. As the name suggests the products are for Orthopedic diseases. Major products from the Company are wheel chairs and walkers etc.
- Mother and Child products
- These products are sold under the brand name Trumom. The products are mainly baby carry cots and breast pumps.
- Nutrition Supplements
- These products are new launches from the Company. Main products sold under this category are Vinegar, Fish Oil and Multi Vitamins.
- Lifestyle products
- This is again new product category from the Company. The product under this category are Fitness trackers etc.
It has offices in India (Mumbai) and US. It sales the products on US and India both. All the branded items like Dr Physio, Trumom and Dr Trust are bestsellers on sites like Amazon which is indeed good achievement for it. They are also well rated on Amazon as well as Flipkart. I was impressed by the product reviews and sales details for these branded items.
Financial Snapshot
Below are key financials of the Company for year ending 2020
- Total Assets – 338.83
- Total Revenue – 994.87
- Profit for year – 63.95
IPO Subscription Status
Below is IPO Subscription status of the Company. I will be updating this section with time.
- QIB – 0.00 times
- NII – 0.54 times
- RII – 31.10 times
- Employee – .90 times
- Total Subscription is 05.71 times
Below is meaning of the Key terms used above
- QIB is (Institutes or Mutual Funds like HDFC AMC etc)
- NII is (People bidding for more than 2 lakhs in IPO application)
- RII is (People bidding for less than 2 lakhs)
- Employee and Others are Reserved Quota Investors.
My Opinion
The Company was founded in year 2016. So it is very new Company and within five years of its launch it has managed to score bestseller position for multiple products on top eCommerce website which is excellent feat by the Company.
These health care related products have good market and is very under penetrated sector in India. So there is growth scope as well for these products in India. Due to growth it has shown over the period of time and sector it operates in I am suspecting good Subscription for the Company.
You can read this article on Make money with IPO for details on how to use Subscription data and best time to apply for IPO.