Nureca public offer opens, price band set at Rs 396-400

Nureca Ltd initial public of fer was subscribed 5.73 times on the first day with the company receiving bids for 8.03 mln shares against 1.4 mln shares on of fer.

The portion for non-institutional investors was subscribed 0.54 times, retail portion was subscribed 31.22 times, and portion reserved for employees was subscribed 0.9 times.

Qualified institutional buyers' portion was not subscribed today at all.

The issue opened for subscription today and will close on Wednesday.