The company works on an asset light business model which doesn’t require to invest heavily on physical assets such as plant and machinery, land and property, Hem Securities said.

The initial public offering of Nureca, the home healthcare and wellness products maker, has seen a massive subscription of 39.93 times on final day of bidding, February 17.

The QIB’s portion was booked 3.1 times so far and that of non-institutional investors 31.59 times. Retail investors have been bidding aggressively to the issue as their portion set aside was subscribed 166.65 times, and that of employees 4.82 times…