Nureca Limited IPO
Incorporated in 2016, Nureca Limited is a healthcare and wellness products distributor. The company aims to offer the best quality, durable, and innovative tools to customers to monitor chronic diseases to improve their lifestyle.
The firm has a well-diversified product portfolio including Chronic Device Products, Orthopedic products, Mother and Child products, Nutrition Supplements, and Lifestyle products to meet the Indian healthcare market requirements. It is the first digital company to sell such products through its website drtust.in and other online partners i.e. e-commerce players, retailers, and distributors.
Competitive strengths:
- Diversified product portfolio.
- Experienced promoter and management team.
- Strong online distribution network.
- Premium quality healthcare and wellness products.
Company Promoters:
- Saurabh Goyal is the promoter of the company.
Company Financials
Particulars | For the year/period ended (? in Million) | |||
Summary of financial Information (Restated) | 30-Sept- 20 | 31-Mar-20 | 31-Mar-19 | 31-Mar- 18 |
Total Assets | 1,024.88 | 338.83 | 235.18 | 70.19 |
Total Revenue | 1,229.73 | 994.87 | 619.83 | 200.69 |
Profit After Tax | 361.80 | 63.95 | 62.26 | 31.12 |
Objects of the Issue:
The IPO proceed will be utilized towards following purposes:
- To meet the working capital requirements of the business.
- To meet general corporate purposes.
Issue Details