Upcoming IPOs 2021: In the year 2021, the IPO market is seeing a constant movement. So far this year, 5 IPOs have been listed in the stock market.
Upcoming IPOs 2021: In the year 2021, the IPO market is witnessing continuous movement. So far this year, 5 IPOs have been listed in the stock market. While the IPO of Bru Cuffield India REIT has been launched, the IPO of Nureka Limited is going to come on Monday. Like the year 2020, the IPO is getting good response from investors in 2021 as well. On the other hand, the stock market is record fast and this rally is expected to continue this year. In such a situation, many companies are preparing to launch IPO to take this speed. Information about many of these IPOs has also come.
Dhoom will remain in the year 2021
In the last months of last year, where many companies launched their IPOs amid the market recovery, this trend is also seen this year. Jagdish Thakkar, director of Fortune Fiscal, says that figures in 2021 are better than last year. The economy is now back on track. In the next fiscal year, growth in GDP may remain in double digit. The outlook of the Indian economy is still strong. In such a situation, business in the country will accelerate. Many such announcements have also been made in the budget, due to which the economy will get support. Slowing sectors will accelerate. Due to these reasons, the market is yet to pick up this year. He says that as long as this outlook of the economy remains better, the IPO market will see a boom. Companies will want to take advantage of the boom in the market.
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These IPOs may come this year
Nureka Limited has announced to launch its 1000 crore IPO on January 15. Apart from this, they are included in the upcoming IPO.
LIC: 70,000 crores
Kalyan Jewelers: 1750 crores
Suryoday Small Finance Bank: 400 crores
ESAF Small Finance Bank: 1000 crores
Lakshmi Organic Industry: 800 crores
Craftsman Automation: 180 crores
Bajaj Energy: 5450 crores
Barbecue Nation: 1000 to 1200 crores
RailTel: 700 Cr
Shyam Steel: 500 Cr
Annai Infra Developers: 250 Cr
Apart from these, reports of some other companies like NSE, NCDEX, HDB Financial Services, Jomato are going to be launched in the year 2021.
How to invest in IPO
You can invest directly at your level in an IPO, for which you have to have a demat account. It can be invested through a broker. Every brokerage house maintains a separate section on its website for investing in IPOs, where you can apply for an IPO after filling some information. Chief among these information is how much stock you want to apply at what price. According to your application, the same amount is blocked from IPO till the listing.
Nureka Limited to raise 100 crores from public offer! IPO is bringing on February 15, know what will be the price of a share
Nureca Limited IPO, a company that manufactures healthcare and wellness products from the Dr. Trust brand, will open for subscription on February 15 and close on February 17, 2021. The lot size of the company’s IPO is 35 equity shares. 75% of the IPO will be reserved for Qualified Institutional Buyers (QIB).
New Delhi. Nureca Ltd (Nureca Ltd), a company that manufactures healthcare and wellness products from the Dr. Trust brand, is set to raise Rs 100 crore through a public offer. Actually, the company is offering an IPO on 15 February, which will be closed on 17 February 2021. Nureka Limited has fixed the price band for this IPO at Rs 396-400 for a face value of Rs 10. At the same time, to invest money, investors will have to bid for at least 35 shares, ie its lot size has been kept 35 equity shares. The company has appointed ITI Capital Limited as the lead manager for the IPO.
How many shares have been reserved for the Nureka IPO
75 per cent of the IPO of Nureka Limited will be reserved for Qualified Institutional Buyers (QIBs). Apart from this, 15 percent has been kept for non-institutional investors (NIIs) and 10 percent for retail investors. In the IPO, shares worth Rs 50 lakh have been reserved for eligible employees of the company for subscription. Employees will get shares at a discount of 20 rupees from the issue price. In this IPO, the company will sell some of its shares through promoters sale offer (OFS). Fresh shares will also be issued at the same time. The company’s stocks will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Where will the company use the funds raised from the IPO
The company’s electronic and digital presence is quite strong. Nureka has partnerships with several e-commerce companies. The company has been successful in strengthening its asset base. Between March 2019 and March 2020, the company’s revenue has increased by more than 60 percent. According to information given to capital market regulator SEBI, Nureka will use the funds raised from this IPO to meet the working capital requirements and general corporate expenses. In addition, the company will also use it to improve its visibility and brand image.
Growth was good even after working in the unorganized market
Nureka Limited manufactures orthopedic products along with chronic disease products, mother and childcare products. In addition, it sells these products through its website, e-commerce platforms and retailers. Experts say that the company operates in the unorganized market, but has achieved tremendous growth in the first half of FY 2021. The company’s sales have registered a significant increase. Also, his e-commerce strategy has been successful. At the same time, investors can earn profits by decreasing the issue size. Explain that the company’s net profit in the quarter ended 30 September 2020 was Rs 36.18 crore.
Promoter and Shareholding
Saurabh Goyal is the company’s promoter. He holds a 46.67 percent stake in the company. Payal Goyal is also part of the promoter group. His stake in the company is also 46.67 percent. The total share of both is 93.33 per cent. Apart from this, investor Yash Shares and Stock Private Limited holds 5.88 per cent stake in the company. Saurabh Goyal is also the Chairman and Managing Director of the company.
Looking at the financial position of the company, the company had a profit of Rs 6.39 crore in the year ended March 2020, which is 2.7 per cent higher than the previous year. The company saw a 100.1 per cent increase in profits in 2019. The company had a profit of Rs 6.22 crore in 2019.
Nureka IPO subscription
Nureca IPO Opens for Subscription, Check Price Band and Other Details Here
Nureca limited IPO Subscription Status Live
Nureca limited IPO subscribed 7.23 times. The IPO is subscribed 39.33 times in the retail category, 0.00 times in QIB, and 0.70 times in the NII category by Feb 16, 2021 10:49.
| Category | Subscription Status |
|---|---|
| Qualified Institutional | 0.00 Times |
| Non Institutional | 0.70 Times |
| Retail Individual | 39.33 Times |
| Employee | 1.36 Times |
| Others | [.] Times |
| Total | 7.23 Times |
Nureca limited IPO Subscription Details (Day by Day)
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Feb 15, 2021 05:00 | 0.00x | 0.54x | 31.22x | 0.90x | 5.73x |
| Feb 16, 2021 10:49 | 0.00x | 0.70x | 39.33x | 1.36x | 7.23x |
