Nureca IPO
Nureca Limited (NURECA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 25 February 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +11.5% (likely range -1% to +35%), day's high +17.7%, chance of a gain 82%. Actual: +53.8% at the open, +61.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 7,50,000 | 23,28,655 | 3.10x | |
| NII (HNI) total | 3,75,000 | 1,18,46,450 | 31.6x | |
| Retail | 2,50,000 | 4,16,62,600 | 167x | |
| Employees | 26,595 | 1,28,240 | 4.82x | |
| Total | 14,01,595 | 5,59,65,945 | 39.9x |
Bids on NSE and BSE together, as published by NSE, as of 17 Feb 2021, 05:00 PM. Shares offered exclude the anchor portion. 59% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Nureca's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Stove KraftJan 2021 | 8.02x | 32.7x | 26.0x | 18.0x | ₹413 Cr | +29.4% | +29.4% |
| Neogen ChemicalsApr 2019 | 30.5x | 114x | 16.1x | 41.2x | ₹133 Cr | +16.7% | +22.6% |
| GNA AxlesSep 2016 | 17.2x | 217x | 11.8x | 54.9x | ₹130 Cr | +21.7% | +26.5% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| Apex Frozen FoodsAug 2017 | 1.91x | 7.82x | 8.53x | 6.14x | ₹152 Cr | +15.4% | +21.2% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ITI Capital | 5 | +28.9% | 60% |
Offer documents (NSE)
Frequently asked
What is the Nureca IPO price band and lot size? ₹396–400 per share, with a lot of 35 shares, so the smallest retail bid is ₹14,000.
How many times has it been subscribed? 39.9x overall: QIB 3.10x, NII 31.6x, retail 167x, employees 4.82x.
How did it list? It opened at ₹615, +53.8% against the issue price of ₹400, and closed its first day +61.4%.
