Grey Market Price of Nureca Share falls down to 50%; What Is The Reason?

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Grey Market Price of Nureca Share

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Grey Market Price of Nureca Share: Nureca share will list its equity shares on 25th February,2021. Grey market price of Nureca suddenly go down in this week as the war between bulls and bears augmented volatility in the equity market.

The home healthcare and wellness products seller traded at a GMP of Rs 60-70 in the grey market for the second consecutive day on February 24, 15-17.5 percent higher over the issue price of Rs 400 per share, as per the data available with the IPO Watch.

Grey Market Price of Nureca Share Falls Down To 50% Check The Reason Behind That

On 21 February, Grey Market Premium of Nureca is Rs 150-160 per share, a 37.5-40% higher than the issue price. There is much volatility in the secondary markets as the reason for the fall in premium.

Nureca share listing date is 25th February, 2021. The IPO size is Rs 100-crore and subscribed 40 times during February 15-17, 2021.

How to check Nureca IPO Share Allotment Status

The company will utilise net issue proceeds (Rs 75 crore) for its incremental working capital requirements.

Click Here To Check Nureca IPO Share Allotment Status

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