Home Business Nykaa IPO: Know About Share Allotment Status, Refund, Listing & Other Details Here

Nykaa IPO: Know About Share Allotment Status, Refund, Listing & Other Details Here

by admin

New Delhi: The preliminary public providing (IPO) of FSN E-Commerce Ventures Ltd, which operated a web-based market for magnificence and wellness merchandise Nykaa, has been subscribed greater than 82 instances on the ultimate day of the bidding. Nykaa has raised Rs 2,396 crore from anchor buyers.

The shares are anticipated to get listed on inventory exchanges on November 11, in line with publication Mint.

ALSO READ: Amitabh Bachchan’s NFT Collections Reach USD 520,000 On Day 1 Of Auction

The share allotment standing is anticipated to happen on November 8. The bidders can test the share allotment standing on the registrar’s web site Hyperlink Intime India Non-public Restricted or BSE web site. Nykaa shares can be found at a premium (GMP) of Rs640 within the gray market on Monday, in line with publication Mint.

After the share allotment is finalised, the ineligible buyers will get their refunds by November 9. The fairness shares will probably be credited to the Demat accounts of eligible buyers on the subsequent day, November 10

The three-day share sale opened for subscription on October 28 and concluded on November 1. The IPO comprised of fairness shares aggregating as much as Rs630 crore (recent subject) and a suggestion on the market (OFS) of as much as 41,972,660 fairness shares by promoters or present shareholders. The value band of the general public subject was fastened at Rs1,085-1,125 per share.

Headquartered in Mumbai, FSN E-Commerce Enterprise was included in 2012. Based by former funding banker Falguni Nayar, the sweetness e-commerce platform affords magnificence, vogue, and private care merchandise. 

What was the response to Nykaa IPO?

The portion reserved for the certified institutional consumers (QIBs) was subscribed 91.18 instances. The non-institutional buyers put bids 112.02 instances, whereas the retail particular person buyers (RIIs) booked the problem 12.24 instances. The corporate has fastened the worth band for the IPO at Rs 1,085-1,125 apiece. At an higher worth band of Rs 1,125, Nykaa IPO might elevate as much as Rs 5,352 crore from the problem.

Launched in 2012, Nykaa grew widespread by promoting cosmetics and grooming merchandise on its web site, apps, and thru its bodily shops, earlier than increasing into vogue, pet care, and family provides. Not like most startups, Nykaa has additionally achieved profitability, posting a consolidated internet revenue of Rs61 crore for the yr ended March 31, 2021 (FY21) as in comparison with a lack of Rs 16.3 crore in FY20.

Source link

You may also like

Leave a Comment