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MTAR Technologies IPO to open from March 3, Nureka Limited shares listed at 59% premium

MTAR Technologies IPO to open from March 3, Nureka Limited shares listed at 59% premium

MTAR Technologies IPO

Healthcare and wellness product distributor firm Nureka Restricted shares in BSE at a 59% premium. Within the IPO, the worth band of the corporate was saved at Rs 400, whereas the alternate was listed at Rs 635. Even after itemizing, the inventory has an edge. The IPO of MTAR Applied sciences can even open from March 3. The corporate needs to lift 596.4 crore rupees by it.

MTAR Applied sciences units worth band for IPO
Hyderabad-based firm MTAR Applied sciences have mounted a worth band of Rs 574-575 per share for the IPO. On this, 21.48 lakh new shares will likely be issued, and thru provide on the market (OFS) the promoters and buyers will problem 82.24 lakh shares. You possibly can bid on a minimum of 26 shares in quite a bit. This IPO will likely be open until 5 March. This would be the ninth IPO to come back in 2021.

After the itemizing, the inventory continues to develop
Nureka Ltd. inventory is buying and selling at Rs 666.65 at BSE at 10:47 am. Earlier, the corporate’s IPO was additionally subscribed 166 instances, which was open for funding from February 15-17. On this, the corporate raised the worth band per share to Rs 396-400 at a face worth of Rs 10. The lot dimension was 35 shares.

IPO acquired glorious response, retail share subscribed 166 instances
The IPO of Nureka Restricted has acquired bids in almost 40 instances. The reserve portion for certified institutional buyers (QIB) was subscribed to 3.10 instances, whereas the non-institutional buyers (NII) share was subscribed to 31.59 instances, whereas the retail portion was subscribed to 166.65 instances for retail buyers.

Enterprise of Nureka Restricted
Saurabh Goyal is the promoter of the corporate. The corporate goals to supply prospects with the very best quality, sturdy and progressive instruments. The corporate has properly diversified merchandise resembling continual illness merchandise, orthopedics merchandise, mom and little one merchandise, dietary dietary supplements, and way of life merchandise. The corporate’s whole income for the quarter ended 30 September 2020 was Rs 122.97 crore and revenue after tax was Rs 36.18 crore.

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