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Nupur Recyclers’ IPO is listed on NSE SME Emerge

Nupur Recyclers wanted to raise 34.2 billion rupees at a fixed price of 60 rupees per share.

Nupur Recyclers has completed the stock allocation for its IPO. The company today listed a 23.33% premium on the NSE Emerge Platform. The premium later rose to around 30% within a few hours.

The IPO, which was open for subscription from December 13th to 15th, was subscribed 41.37 times, with bids for € 23 billion per share. The minimum lot size for investment was 2000 shares and the minimum investment was Rs. 120,000 / -.

The public issue was subscribed 34.23 times in the retail category and 53.01 times in the NII category on day 3, that is, December 15, 2021. Nupur Recyclers wanted to raise 34.2 billion rupees at a fixed price of 60 rupees per share.

The company has worked with numerous shredder and flotation plants in Europe and the United States to import materials such as shredded zinc scr -, zinc die-cast scr -, Zurik-SS scr – and aluminum Zorba grades.

The company saw significant year-over-year revenue growth in fiscal 2020-21 when it hit Cr 105.98, and is expected to see more than 50% growth this fiscal year. The company has established connections with various countries around the world and has worked on some large projects in European countries and has set guidelines for the implementation of social projects for the benefit and sustainable development of communities as a whole, especially for the poor and underprivileged class.

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