Nykaa IPO subscribed 82 times, NIIs portion booked 112 times times on last day

Nykaa initial public offering (IPO) was subscribed 82  times on the last of the subscription on Monday, November 1, 2021. Of 2,64,85,479 shares on sale, a bidding for whooping 2,16,58,63,836 shares or 81.78 times were made on the final day of the subscription.

The IPO saw maximum traction from Non-Institutional Investors (NIs). The three-day IPO of FSN E-Commerce Ventures Ltd runs online marketplace for beauty and wellness products Nykaa had opened on October 28.

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The IPO, which was driven by retail investors on Day1, saw participation from all categories of investors on the last day.  At 4.55 pm, NIIs, which made maximum bidding, had subscribed the issue whooping 112.02 times with application being received for  79,86,81,132  shares as against reserved quota of NIIs of 71,29,781 shares.  

Retail Individual Investors (RIIs) subscribed the issue 12.22 times around the same time. Retail portion saw bidding made for 5,80,99,728 shares against available 47,53,187 shares.

Qualified Institutional Buyers (QIBs) subscribed the issue 91.18 times. As against reserved number of 1,43,52,511 shares, idding was made for 1,30,86,13,056 shares.

Earlier, FSN E-Commerce Ventures Ltd had raised Rs 2,396 crore from anchor investors.

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
Allotment begin date: 8-11-2021  
Refund initiation date: 9-11-2021
Allotment date: 10-11-2021
Listing date: 11-11-2021
 
Nykaa 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.