Nureca Limited raises Rs 44.55 crore from two anchor investors at an upper price band of Rs. 400 per equity share

Link: https://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?page=20210212-38

·        Nureca Limited allocates 11,13,750 equity shares at the upper price band of Rs 400 per equity shares

·        Offer to remain open from February 15 to February 17, 2021

·        IPO price band fixed at Rs. 396 to Rs 400 per equity share

Mumbai, 13th February 2021 (GNI): Nureca Limited (the “Company’), B2C company engaged in the business of home healthcare and wellness products, which offers quality, durability, functionality, usability and innovative designs, allotted 11,13,750 equity shares to two anchor investors and raised Rs 44.55 crore ahead of the company’s proposed IPO at an upper price band of Rs 400 per equity shares.

The anchor allocation as follows:

SI No.	Fund	% of Allocation
1	Nexpact Limited	77.55%
2	Next Orbit Ventures Limited	22.45%

The initial public offering comprises, aggregating up to Rs. 1,000.00 million (“Issue”). The issue includes a reservation aggregating to Rs. 10.00 million (constituting up to 5% of the post-issue paid up equity share capital) for purchase by eligible employees (“The Employee Reservation Portion”). The issue less the Employee Reservation Portion is hereinafter referred to as the “Net Issue”.

Bids can be made for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.

The Equity Shares offered in this Offer are proposed to be listed at both BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”) post the listing. ITI Capital Limited is the Book Running Lead Managers to the Offer.ends