With a 58.7% premium over issue price, Nureca share price lists at Rs 634.95

Dakshita Bhatia On February 25, 2021 12:20 IST

Home healthcare and wellness products seller Nureca share price listed with a 58.74 per cent premium on February 25.

The stock opened at Rs 634.95 on the BSE, higher compared to the issue price of Rs 400 per share. On the National Stock Exchange, it started the day at Rs 615, a 53.75 per cent premium over IPO price.

The B2C vertical has raised Rs 100 crore through the public issue which was subscribed 40 times during February 15-17, 2021. The company will utilize net issue proceeds (Rs 75 crore) for incremental working capital requirements.

Nureca sells its home healthcare and wellness products through online channel partners such as e-commerce players, distributors and retailer. It also sells products through its own website drtrust.in and third party e-commerce platforms, distributors and retailers.