Nureca shares have been in enormous demand through the three-day share sale through preliminary public providing.
Nureca made a stellar inventory market debut on Wednesday as its shares opened for buying and selling with a acquire of over 50 per cent from concern worth of Rs 400 on the NSE and BSE. On the NSE, Nureca opened for buying and selling at Rs 615, a premium of 54 per cent and on the BSE, Nureca shares climbed 59 per cent to Rs 635. Nureca shares rose as a lot as 66 per cent from the problem worth to hit an intraday excessive of Rs 666.65. On the NSE, Nureca surged as a lot as 61 per cent.
Nureca shares have been in enormous demand through the three-day share sale through preliminary public providing which concluded on February 18.
Nureca’s Rs 100 crore public concern, which was open for bidding between February 15 and 18, 2021, was subscribed 39.92 occasions. The general public concern was subscribed 166.58 occasions within the retail class, 3.10 occasions in certified institutional patrons phase and 31.59 occasions within the non-institutional buyers class.
The shares of Nureca, which owns the Dr Belief model, have been provided within the worth band of Rs 396-400 per share.
Integrated in November 2016, Nureca is a house healthcare and wellness merchandise firm. It sells its merchandise by itself web site, and on-line channel companions akin to e-commerce gamers, distributors and retailers.
As of 10:08 am, Nureca shares have been locked within the higher circuit on each the NSE and BSE.