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.
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