Nykaa (India) is planning an initial public offering (IPO) with a valuation of $4.5 billion

Nykaa (India) is planning an initial public offering (IPO) with a valuation of $4.5 billion

29th October 2021, Mumbai:

(IPO) The initial share sale of Nykaa owning 'FSN E-Commerce Ventures Ltd' got fully subscribed DAY1 itself, while there are still two more big days to go in this first three-day offering that schedules to close on 1 November 2021.

As things stand the overall book which excluding the anchor investor allotment, is already got subscribed 1.56 x. Whilst as per the construct of 'IPO' the non-institutional category constituted of high net worth individuals (HNWI) drew 0.60 x the shares allocated to this given category.

To be informed that," The IPO offer size is been tweaked by a reduction to 2.64 crore equity shares against over 4.75 crore equity shares post the development of start-up has raised Rs 2,396 crore earlier from its anchor investors dated October 27 only.

As per nuances gathered the 'Qualified institutional buyers' have bought 1.39x of its designated allocated %age quota

Nykaa's an online digitally native beauty e-commerce platform start-up having made a strong consumer brand within a brief period of its history; The initial public offering (IPO) is to close on November 1. And its share construct is'" I have fixed a price band at Rs 1,085-1,125/ share.

Importantly Nykaa envisages garnering Rs 5,350 crore by going public at this time of the year when the stock frenzy is arguably at its very best.

Charges associated with IPO financing - PLblog

 

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