Nureca IPO subscribed 8.4 times on day 2, retail portion booked 46 times
Tue, Feb 16, 2021 12:43 PM

Nureca IPO subscribed 8.4 times on day 2, retail portion booked 46 times

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The Rs 100-crore IPO of Nureca has received good response. It has been subscribed 8.4 times on the 2nd day of bidding, Feb 16. But for the issue to sail through, the reserved portion of qualified institutional buyers has to get at least 90% subscription. So far, they have not put in bids for the issue yet. The IPO received bids for 1.17 crore equity shares against offer size of 14.01 lakh shares.

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