What is your quick view on the Nureca IPO listing on the stock exchanges on 25 February?

On 24 February, Nureca the Wellness product distributor, saw its shares spike by more than 60% on listing on the stock exchanges. The stock closed the day at a price of Rs.645, representing a gain of Rs.245, or 61% over the issue price. The IPO price was discovered at Rs.400 per share. The Rs.100-crore Nureca IPO had subscribed more than 40 times and saw good interest from all segments. The company has an opening market cap of Rs.650 crore.