Healthcare and wellness company is looking to raise ~₹ 100 crores through capital markets
Selling products through “Dr. Trust”, “Dr. Physio” and “Trumom” brands
Nureca Ltd. (Nureca), Mumbai based healthcare and wellness company established in 2016 is in B2C category. Company is engaged in the business of home healthcare and wellness products. Company serve Product in the following categories: 1) Chronic Device Products:
Products such as blood pressure monitors, pulse oximeters, thermometers, nebulizers, self monitoring glucose devices, humidifier and steamers.
2) Orthopedic Products:
Rehabilitation products such as wheelchairs, walkers, lumbar and tailbone supports and physiotherapy electric massagers.
3) Mother and Child Products:
Products such as breast pumps, bottle sterilizers, bottle warmers,
car seats and baby carry cots.
4) Nutrition Supplements:
Products such as fish oil, multivitamins, probiotics, botin, apple cider
and vinegar.
5) Lifestyle Products:
Products such as smart scales, aroma diffusers and fitness tracker.
Healthcare and wellness company is into B2C segment selling online and offline products through “Dr. Trust”, “Dr. Physio” and “Trumom” brand identities
Through this IPO, Nureca is looking to raise ₹ 100 Crores primarily for 1) Funding incremental working capital requirements of Company; and 2) General corporate purposes.
Promoters of Nureca is Saurabh Goyal.
Revenue from operations on a consolidated basis was ₹994.26 million, ₹618.97 million and ₹200.51million for Fiscal 2020, 2019 and 2018, respectively and ₹1,221.45 million for the six months period ended September 30, 2020. Revenue from operations has grown at a CAGR of 122.68% during Fiscal 2018 to 2020.
EBITDA on consolidated basis was ₹97.55 million, ₹91.42million and ₹43.93 million for Fiscal 2020, 2019 and 2018, respectively and ₹500.06 million for the six months period ended September 30, 2020.
Restated profit after tax on a consolidated basis was ₹63.95 million, ₹62.26 million and ₹31.12 million for Fiscal 2020, 2019 and 2018, respectively and ₹361.80 million for the six months period ended September 30, 2020.
Net profit has grown at a CAGR of 43.35% during Fiscal 2018 to 2020.
About Industry
The Home Health Market in India and neighbouring countries is pegged at ₹20,757.0 crore in 2019 and is expected to
grow to ₹38,920.7 crore by 2025 at a CAGR 11.0%. The growth is driven by rising awareness of Health and wellness,
increasing spending power, growing burden of chronic diseases, and the need for Healthcare stakeholders to reduce
healthcare costs (Source: Frost & Sullivan Report).
Key Pointers
Strong products portfolio and consistent focus on quality and innovation
Asset light business model and competitive product
Combination of technical expertise and understanding of Indian consumer preference
Experienced Promoter with strong senior management team having domain knowledge
Key Management
Saurabh Goya
CMD
Aryan Goyal
CEO
Sakshi Mittal
CFO
Gurvikram Singh
CS & Compliance Officer
Nureca IPO Snapshot
Issue Open
15-Feb-2021
Issue Close
17-Feb-2021
Face Value
₹ 10/-
Price Band
₹ 396 to ₹ 400 (Including premium of ₹ 386 to ₹ 390 per share)
Discount
Nil
Bid Lot
35 shares and in mutiples
Listing on
BSE and NSE
Mode of Payment
UPI / ASBA (Mandatory); Applications using third party UPI/ASBA Bank accounts are liable to rejected
Nureca IPO Issue & Subscribed Details
Particulars
Issued
Subscribed
Issue Size
₹ 100 Crores (Upper Band)
₹ - Crores
QIB Portion
~50%
3.1 times
NII Portion (Application for lot size of 15 & above)
~15%
31.59 times
Retail Portion (Applications for lot size between 1 & upto 15)
~33%
166.65 times
Employees Portion
~2%
4.82 times
Total
100%
39.93 times
Nureca IPO Indicative Dates
Issue Open
15-Feb-2021
Issue Close
17-Feb-2021
Anchor Investor Bidding
One working day prior to Issue opening date of 15-Feb-2021 (around 12-Feb-2021)
Announcement of Allotment
23-Feb-2021
Initiation of Refunds
24-Feb-2021
Credit of Shares
25-Feb-2021
Listing (Commencement of trading on Stock Exchanges)
Please check below or visit here to check allotment status of IPO
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
Frequently Asked Questions (FAQ)
Q. How to Apply for IPO ?
A. IPO can be applied Online and Offline mode.
Online: a) Via Net banking of Bank website b) Via Stock brokers portal
Offline: a) Collect application forms from Brokers > Fill demat details & UPI > Submit to any broker across India. b) Download forms from NSE/BSE website > Fill demat details & UPI > Submit to any broker across India.
Q. How to register for BHIM UPI?
UPI is made mandatory by SEBI to apply for IPO's. To educate investors National Payment Corporation of India (NPCI) has come out with the useful video. This video educates on how to download BHIM UPI app and its process to register.
Source: NPCI
What is UPI based ASBA Process ?
To educate people to apply for IPO's National Payment Corporation of India (NPCI) has come out with the useful video. This video educates consumers on how the IPO process works and how subscribing for IPOs via BHIM UPI helps reduce the time and effort one needs to take for the same.
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