Those who have made an offer for the Nureca show can check the subscription status on the registrar’s website i.e. from Link Intime India and BSE website. Image: Reuters
Nureca’s initial public offering (IPO), which has received nearly 40 times the subscription, will finalize the basis for the allocation of shares on Tuesday, February 23, 2021. The public offering of Rs 100 crore was sold in the Price range of Rs 396-400 each. Last week Nureca’s shares were trading at a gray market premium of Rs 100-115 over the IPO price. But, it fell to Rs 50-55 on Monday as Indian stock markets trade in the red due to rising bond yields and cases of COVID-19. BSE Sensex and Nifty 50 reigned supreme at levels last seen on February 4, 2021, erasing most of the gains made in the post-Union Budget rally.
Nureca shares were trading at Rs 455, implying a 14% gray market premium on Monday. Those who have made an offer for the Nureca show can check the subscription status on the registrar’s website i.e. from Link Intime India and BSE website. The public issue had received bids for 5.59 crore shares for 14.01 lakh shares on offer, according to data available from the NSE. The Qualified Institutional Buyers (QIB) category was subscribed 3.10 times, Non-Institutional Investors 31.59 times, and Individual Retail Investors (RII) 166.65 times.
How to check the status of Nureca Ltd sharing assignments through Link Intime India website
The registrar of the Nureca show is Link Intime India, a SEBI registered entity responsible for processing the IPO allocation and reimbursement. To check the share award status, select the company name as “Nureca Ltd – IPO” from the drop-down list on the Link Intime India website. Check the PAN, Application Number or Custodian / Client ID box. Therefore, enter the permanent account number or application number or custodian / client ID in the box. Enter the given captcha in the space provided and click the Submit button.
Check the status of the Nureca share allocation via the ESB website
Another way to check the award status at Nureca Ltd is to use the ESB website (https://www.bseindia.com/investors/appli_check.aspx). Select the show type as “equity” and the show name as “Nureca Ltd” from the drop-down list. Then enter the request number and the PAN (permanent account number). In the last step, click on the search tab to view the details of the status.
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