New Delhi: Initial share-sale of FSN E-Commerce Ventures Ltd., which runs an online marketplace for beauty and wellness products. hero, was subscribed 81.78 times on the last day of subscriptions on Monday, mainly helped by huge interest from institutional investors.
As per data available with NSE, bids were received for 2,16,59,47,080 shares, while 2,64,85,479 shares were offered for the Rs 5,352 crore IPO.
The category meant for Qualified Institutional Buyers (QIBs) was subscribed 91.18 times, non-institutional investors 112.02 times and Retail Individual Investors (RIIs) 12.24 times.
The initial share sale of FSN E-commerce Ventures was fully subscribed on the first day of subscription on Thursday.
The IPO of FSN E-Commerce Ventures consisted of a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 4,19,72,660 equity shares by the promoter and existing shareholders.
The offer price range was Rs 1,085-1,125 per share.
FSN E-Commerce Ventures Ltd on Wednesday raised Rs 2,396 crore from anchor investors.
According to the draft papers, the company plans to use the proceeds from the IPO for expansion, opening new retail stores and new warehouses.
It also plans to repay some of its debt, which should bring down interest costs and further increase its profitability.
In addition, the company plans to deploy the proceeds of the IPO for marketing and promotional activities to focus on establishing and promoting new brands as well as strengthening its 13 owned brands such as Nykaa Cosmetics, Nykaa Naturals and K Beauty. making plans.
The company has a diversified portfolio of beauty, personnel care and fashion products, which includes its proprietary manufactured brand products under its two business verticals – Nykaa and Nykaa Fashion.
Kotak Mahindra Capital Company, Morgan Stanley India Company, ICICI Securities, BofA Securities India, JM Financial and Citigroup Global Markets India are the Global Coordinators and Book Running Lead Managers of the offer.
The shares of the company will be listed on BSE and NSE.
As per data available with NSE, bids were received for 2,16,59,47,080 shares, while 2,64,85,479 shares were offered for the Rs 5,352 crore IPO.
The category meant for Qualified Institutional Buyers (QIBs) was subscribed 91.18 times, non-institutional investors 112.02 times and Retail Individual Investors (RIIs) 12.24 times.
The initial share sale of FSN E-commerce Ventures was fully subscribed on the first day of subscription on Thursday.
The IPO of FSN E-Commerce Ventures consisted of a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 4,19,72,660 equity shares by the promoter and existing shareholders.
The offer price range was Rs 1,085-1,125 per share.
FSN E-Commerce Ventures Ltd on Wednesday raised Rs 2,396 crore from anchor investors.
According to the draft papers, the company plans to use the proceeds from the IPO for expansion, opening new retail stores and new warehouses.
It also plans to repay some of its debt, which should bring down interest costs and further increase its profitability.
In addition, the company plans to deploy the proceeds of the IPO for marketing and promotional activities to focus on establishing and promoting new brands as well as strengthening its 13 owned brands such as Nykaa Cosmetics, Nykaa Naturals and K Beauty. making plans.
The company has a diversified portfolio of beauty, personnel care and fashion products, which includes its proprietary manufactured brand products under its two business verticals – Nykaa and Nykaa Fashion.
Kotak Mahindra Capital Company, Morgan Stanley India Company, ICICI Securities, BofA Securities India, JM Financial and Citigroup Global Markets India are the Global Coordinators and Book Running Lead Managers of the offer.
The shares of the company will be listed on BSE and NSE.
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