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 oversubscribed 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 oversubscribed the issue 3.5 times as the retail quota saw 1,66,33,956 bids against the allotted potion of 47,53,187 shares.
Further, Non-Institutional investors subscribed to the issue 0.60 times with share bids of 42,64,632 shares as against the allotted 71,29,781 shares.
The qualified Institutional buyers subscribed to 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 Rs1,125 a share aggregating to Rs 2,395.84 crore, according to a circular uploaded on the SSE website.
Nykaa IPO important timeline
- Application start date: 28-10-2021
- application end date: 01-11-2021
- Allotment date: 8-11-2021
- Refund initiation data: 9-11-2021
- Allotment date; 10-11-2021
- Listing date: 11-11-2021
Founded by banker-turned-businesswomen Falguni Nayar, Nykka was incorporated in 2012.
The company runs the beauty and personal care segment.
Through the Nykaa vertical and the apparel and accessories vertical through Nykaa Fashion.
The company manufactured its owned brand beauty and personal care products through third-party manufactures and are sold under their brand names such as Nykka cosmetics, Nykaa Naturals, and kay beauty.
Nykaa fashion consists of 1,443 brands.
It also operates an offline channel, comprising 80 stores across 40 cities in India in three different formats.