Nureca IPO that opened last week has finalized IPO allotment on February 23. Rs 100 crores IPO offer received 40 times subscription. If you have bid for Neruca IPO, here is how you can check IPO allotment status.
Link Intimes was the registrar for the offer. If you have applied for IPO shares, you can check the application status on their website.
You will need to enter the application number or depository ID, or PAN details to check the allotment status
Investors can also check on the NSE website by completing a one-time registration process.
The refund process will initiate on February 24, and shares will get credited directly to investors’ Demat account on February 25, 2021.
Nureca shares will list on the stock exchanges on February 26, 2021.
Last week Nureca shares were trading in the grey market at a premium of Rs 100-115 above IPO price, which sold in the price band of Rs 396-400 apiece. But on Monday, Grey market premium fell to Rs 50-55. Indian stock market was trading in red on February 22 due to rising bond yield and new cases of COVID-19. Both NSE and BSE Sensex indices were trading at their February 4 marks.
Nureca Limited floated its maiden offer of Rs 100 crores on February 15. The two days subscription window remained open from February15-17, received 39.93 times subscription. Qualified institutional investors subscribed 3.10 times their quota, whereas the non-institutional investors’ segment attracted 31.39 times applications, employee quota was subscribed 4.82 times. However, retail-individual investors subscribed a whopping 166.65 times. The issue received total applications for 5.59 crores shares against the issue size of 14.01 lakh equities, according to data available in the NSE.
Nureca Limited is a healthcare and wellness products distributor, which sells its products online through e-retail platforms and its website, drtrust.in. The company has a well-diverse product portfolio divided in five categories from chronic device products, orthopaedic products, mother and child wellness products, nutrition supplements, and lifestyle products.
The company proposed to use the proceeds from the issue to meet working capital requirements and general corporate purposes.
If you have applied for Nureca IPO from Angel One, you can also check Nureca IPO allotment status here
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