Nykaa’s initial public offering, or IPO, was open for subscription last month and the company’s share allotment status will be finalized on Monday, November 8. NS Nykaa IPO It has received an overwhelming response from investors right from the time it opened for subscription. It was subscribed Nykaa IPO was subscribed 81.78 times, majority of which were subscribed by non-institutional buyers. According to reports, the shares allotted to Qualified Institutional Buyers (QIBs) were subscribed 91.18 times, while the shares allotted to non-institutional investors were subscribed 112.20 times. Meanwhile, retail individual investors (RIIs) booked the issue 12.24 times. The e-commerce company has fixed a price band of Rs 1,085-1,125 per share for the IPO. At the upper price band of Rs 1,125, Nykaa IPO is eligible to raise up to Rs 5,352 crore from its first issue.
“The IPO is being valued at 21.0-21.8x FY2021 revenue/sales of Rs 2,441 crore. The company has also posted a strong revenue CAGR of 48.2 per cent between FY 2019-20 and reported profit in FY21, despite the Covid crisis. While valuations based on P/E may sound costly, Nykaa is one of the very few profitable unicorns in India and we believe the company is well positioned to benefit from the rapid growth in the online beauty and fashion retailing business next year. is in position. decade,” said Angel One in a note Nykaa IPO Valuation.
Nykaa IPO GMP
Nykaa is one of the fastest growing beauty and fashion platforms in the country right now based on gross merchandise value growth. Investors are eyeing the IPO as the company sold the most products among India’s exclusive beauty and personal care (BPC) online platforms in FY11. This is backed by Nykaa’s omnichannel approach, strong distribution network and the company’s founder-led management team.
According to people dealing in unlisted shares of companies, the company’s gray market premium or GMP was selling at Rs 650 on Saturday. Nykaa’s GMP was up 58 per cent from the high end of the issue price at Rs 1,125 per share. Shares of Nykaa were trading at Rs 1,725 per share in the unlisted market on October 27. A rising GMP often indicates a good listing of shares in the stock exchanges.
How To Check Nykaa IPO Allotment Status
The allotment status of Nykaa IPO is to be finalized on November 8. To check Nykaa IPO allotment status, investors can opt for one of two methods – a) through BSE b) through the website of the registrar. Once finalised, ineligible investors will get their refund by November 9, while the equity shares will be credited to the demat accounts of eligible investors the next day on November 10.
The shares of Nykaa are likely to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 11.
Let’s have a look at how to check Nykaa IPO allotment status:
Via BSE: Firstly, visit the official website of BSE https://www.bseindia.com/investors/appli_check.aspx which will take you to the page named ‘Status of Issue Application’. Click on the ‘Equity’ option and then select ‘FSN E-Commerce Ventures Limited’ from the drop-down menu. Thereafter, you just need to enter your Application Number and Permanent Account Number (PAN) before you can verify the captcha. Click on the ‘Search’ button, which will show you the status of your application.
Via Registrar’s Website (Link Intime India):
Firstly go through the link Intime India official website https://www.linkintime.co.in/IPO/public-issues.html link. Then, select the option ‘FSN E-Commerce Ventures Limited’ from the drop-down list under ‘Company’. The name will be filled only after the allotment is finalized. Select any one of the three methods to check the status – Application Number, Client ID or PAN ID. In the application type, choose between ASBA and Non-ASBA and then enter the details of the mode that you had selected earlier. Now, fill the captcha and enter the ‘Submit’ option to get your allotment status.
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