Nykaa’s initial public offering (IPO) received an overwhelming response from investors when it was open for subscription. NS Nykaa IPO It was subscribed 81.78 times, largely backed by non-institutional buyers. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 91.18 times. Non-institutional investors bid 112.02 times, while retail individual investors (RIIs) booked the issue 12.24 times. The company has fixed a price band of Rs 1,085-1,125 for the IPO. The Nykaa IPO can raise up to Rs 5,352 crore from the issue at the upper price band of Rs 1,125.
Nykaa IPO Share Allotment Status Will be finalized on 8th November. Investors will be able to check their share allotment status in two ways – a) through BSE b) through the website of the registrar. After finalizing the share allotment of Nykaa IPO, ineligible investors will get their refund by November 9. The equity shares will be credited to the demat accounts of the eligible investors on the next day, 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.
How to Check Nykaa IPO Allotment Status through BSE
1) Visit the official website of BSE. Through URL (https://www.bseindia.com/investors/appli_check.aspx).
2) It will take you to a page named ‘Status of Issue Application’. There you have to select the ‘Equity’ option.
3) Select ‘FSN E-Commerce Ventures Limited’ from the drop-down menu, in addition to the name of the issue.
4) Input your Application Number and Permanent Account Number (PAN). You then click on ‘I am not a robot’ and click ‘Search’ to verify yourself. It will show you the status of the application.
How to Check Nykaa IPO Allotment Status through Registrar’s Website (Link Intime India)
1) Visit the Link Intime India website using the URL: (https://www.linkintime.co.in/IPO/public-issues.html)
2) Select the option ‘FSN E-Commerce Ventures Limited’ from the drop-down list under ‘Company’. Name will be filled only after finalization of allotment
3) You have to select any one of the three modes: Application Number, Client ID or PAN ID
4) In Application Type, choose between ASBA and Non-ASBA
5) Step 2. Enter the details of the mode you have selected in
6) Fill the captcha and enter the option ‘Submit’
Nykaa IPO Gray Market Premium
Nykaa is the largest Specialty Beauty and Personal Care (BPC) online platform in India in terms of value of products sold in FY 2021. It is one of the fastest growing fashion platforms in India by gross merchandise value addition. Omnichannel approach, strong distribution network and management team led by the founder of the company have generated a lot of interest for Nykaa IPO amongst the investors. According to people dealing in unlisted shares of companies, the unlisted shares of Nykaa were paying a premium of Rs 650 in the gray market. Nykaa’s gray market premium was 58 per cent higher than the issue price’s high end of Rs 1,125 per share. Good subscriptions and high gray market premium indicated a good listing for Nykaa IPO on stock exchanges next week.
On Nykaa IPO, Yasha Shah, Head of Equity Research, Samco Securities had earlier mentioned, “With a diverse assortment of beauty, personal care and fashion products, Nykaa’s supremacy lies in its ability to retain and attract clients. Nykaa has seen a steady increase in GMV over the years and has the highest AOV. It’s strong technology and materials engine, huge headroom for entry, along with a focus on capital efficiency and positive unit economics, gives the company a long runway for growth. The paucity of PAT positive new age companies in India and its first mover advantage enable Nykaa to command higher premiums. We believe that the company is able to improve its financial indicators and strengthen its position going forward.”
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