Shares of Nureca Limited listed on the exchanges and had a great start. The company had tapped the markets with its fresh issue of 25 lac shares to raise Rs 100 crs in a price band of Rs 396-400. The discovered price was Rs 634.95 while it was Rs 615 on NSE. At the discovered price, 32,957 shares were traded on BSE while 1,04,590 shares were traded on NSE. The closing price was Rs 666.65, a gain of Rs 266.65 or 66.67% on BSE, while it was Rs 645.75, a gain of Rs 245.75 or 61.44% on NSE.

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.

After the discovered price the share hit the lower circuit and then went on to hit the upper circuit and close there. The share is in the trade-to-trade category for ten trading sessions and is likely to see sharp volatility during this period. The circuit filter will be 5% during this period.

BSE saw the share trade at Rs 634.95 as discovered price, a low of Rs 603.25, high and close of Rs 666.65. Weighted average of the day’s trade was Rs 651.73 on BSE and Rs 621.81 on NSE. On NSE the discovered price was Rs 615, low was Rs 584.25, and high and close was Rs 645.75. The traded volume was 3.09 lac shares which was 12.36% of the IPO size of 25 lac shares and 22.30% of the non-anchor portion.

The share has done well for itself on day one. There are nine trading sessions to go and it’s a long time.