Nureca Limited which had tapped the capital markets with its fresh issue to raise Rs 100 crs received massive support from Robin Hood investors and was oversubscribed 39.93 times. Earlier the company had allotted 11,13,750 equity shares to two anchor investors. The first is Next Pact Limited who was allotted 8,63,745 equity shares or 77.55% of the anchor allotment while Next Orbit Ventures Fund was allotted 2,50,005 equity shares or 22.45% of the anchor portion.

The issue saw QIB portion subscribed 3.10 times, HNI portion subscribed 31.59 times, Retail portion was subscribed 166.65 times and Employee quota was subscribed 4.82 times. Overall, issue was subscribed 39.93 times. There were 9.38 lac applications in the issue and on basis of lots, the issue was subscribed 131.36 times.

This company had suspect financials with its revenues and profits shooting up in the six-month period April 20 to September 20. The participation by retail investors is testimony to the fact how gullible retail investors have become.