Nykaa IPO fully subscribed, retail portion sees 3.5 times bidding on Day 1

The three-day Nykaa IPO opened on Thursday and will close on Monday, November 1, 2021. On the first day of the subscription, the cosmetic e-tailers IPO started off slow in comparison to many of the recent public issues. The IPO was over subscribed at 1.55 as of 5 pm today. The retail portion, which was oversubscribed within an hour of opening, saw maximum participation.  

Retail Individual Investors (RIIs) oversubscribed the issue 3.5 times as the retail quota saw 1,66,33,956 bids against allotted potion of 47,53,187 shares for this segment, showed consolidate BSE bid details after the closing time at 5 pm.  

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Further, Non-Institutional Investors subscribed the issue 0.60 times with share bids of 42,64,632 shares as against alloted 71,29,781 shares. The Qualified Institutional Buyers (QIBs) subscribed it 1.39 times. 

Raised Rs 2,396 crore from anchor investors 

Earlier, FSN E-Commerce Ventures Ltd on Wednesday raised Rs 2,396 crore from anchor investors ahead of its initial share-sale, said news agency PTI.

The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore, according to a circular uploaded on the BSE website.

The Rs 5,352-crore public issue comprises fresh stock and an offer for sale. The price band for this IPO has been kept at Rs 1,085-1,125 per share.

Nykaa IPO Important Timeline
Application start date: 28-10-2021
Application end date: 01-11-2021
Allotment begin date: 8-11-2021  
Refund initiation date: 9-11-2021
Allotment date: 10-11-2021
Listing date: 11-11-2021

Company profile:  
Founded by banker-turned-businesswoman Falguni Nayar, Nykka was incorporated in 2012. The company runs the beauty and personal care segment through the Nykaa vertical and apparel and accessories vertical through Nykaa Fashion. The company manufactures its owned brand beauty and personal care products through third-party manufacturers and are sold under their brand name such as Nykaa Cosmetics, Nykaa Naturals, and Kay Beauty. Nykaa Fashion consists of 1,434 brands and 2.8 million SKUs (stock-keeping units) with fashion products across four consumer divisions - women, men, kids, and home. It also operates an offline channel, comprising 80 stores across 40 cities in India in three different store formats.