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Influences Of Nureca IPO Opens February 15, Price Band Set At Rs 396-400

Nureca IPO Opens February 15 Nureca will use the incremental working capital necessities and the proceeds launched for basic company functions.

Nureca IPO Opens February 15

Healthcare and wellness merchandise distributor Nurka will open its initial public offering (IPO) subscription on February 15, priced at Rs 396-400 per share band.

The corporate plans to lift Rs 100 crore by this concern, which incorporates reservation of shares value Rs 1 crore for its staff. Eligible staff will get shares at a reduction of Rs 20 per share.

Traders can then bid for at least 35 fairness shares and in multiples of 35 shares. The difficulty will shut on February 17, 2021.

Nureca IPO Opens February 15 Nureca will use the proceeds for incremental working capital necessities and basic company functions.

Nureka, a B2C firm, is engaged within the enterprise of residence healthcare and wellness merchandise. The corporate permits its prospects with instruments to assist monitor persistent ailments and different ailments to enhance their way of life.

The home well-being market in India and neighboring international locations peaked at Rs 20,757.0 crore in 2019 and the CAGR is predicted to develop 11 % to Rs 38,920.7 crore by 2025.

Nurcea classifies its product portfolio into 5 classes resembling classic, orthopedic, mom and child merchandise, dietary dietary supplements, and way of life merchandise.

The lead managers of this concern are the ebook ITI Capital. The corporate will record its fairness shares on BSE and NSE.

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