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Mumbai: Rs 5,352 crore initial public offering (IPO) For FSN E-Commerce Ventures, the company which works under hero The brand name was fully subscribed on the day it opened and sold out to the retail portion within the first hour. On Wednesday, it raised Rs 2,396 crore from 174 institutional buyers (anchor investors).
according to statistics BSEThe retail portion of the offer was subscribed 3.5 times while the institutional portion was subscribed 1.4 times. The non-institutional portion, also known as the high net worth investors portion, subscribed 60% and the quota reserved for Nykaa employees subscribed 70% of the shares on offer.
The IPO being offered in the Rs 1,085-1,125 per share price band will close on November 1. According to merchant bankers, there was a huge rush of investors even during the anchor allotment, which happened on Wednesday. He said shares worth around Rs 2,400 crore were offered, out of which the book was subscribed nearly 40 times.
Investors who were eventually allotted Nykaa shares through the anchor route included global financial giants: black Rock, Capital Group, fidelity to truth and the Singapore government, while the domestic majors were in SBI Mutual Fund, HDFC Mutual Fund And ICICI Prudential Mutual Fund. Established in 2012, Nykaa has a diversified portfolio of beauty, personal care and fashion products including its own brand products, a report by Religare Broking noted. It operates under two verticals – Nykaa: Beauty & Personal Care, and Nykaa Fashion: Apparel & Accessories, the couple added. The company is one of the few profit-making e-commerce entities in India with FY21 earnings per share of Rs 1.4, giving its shares an 803 times price-to-earnings ratio, at the upper end of the price band.
Mumbai: Rs 5,352 crore initial public offering (IPO) For FSN E-Commerce Ventures, the company which works under hero The brand name was fully subscribed on the day it opened and sold out to the retail portion within the first hour. On Wednesday, it raised Rs 2,396 crore from 174 institutional buyers (anchor investors).
according to statistics BSEThe retail portion of the offer was subscribed 3.5 times while the institutional portion was subscribed 1.4 times. The non-institutional portion, also known as the high net worth investors portion, subscribed 60% and the quota reserved for Nykaa employees subscribed 70% of the shares on offer.
The IPO being offered in the Rs 1,085-1,125 per share price band will close on November 1. According to merchant bankers, there was a huge rush of investors even during the anchor allotment, which happened on Wednesday. He said shares worth around Rs 2,400 crore were offered, out of which the book was subscribed nearly 40 times.
Investors who were eventually allotted Nykaa shares through the anchor route included global financial giants: black Rock, Capital Group, fidelity to truth and the Singapore government, while the domestic majors were in SBI Mutual Fund, HDFC Mutual Fund And ICICI Prudential Mutual Fund. Established in 2012, Nykaa has a diversified portfolio of beauty, personal care and fashion products including its own brand products, a report by Religare Broking noted. It operates under two verticals – Nykaa: Beauty & Personal Care, and Nykaa Fashion: Apparel & Accessories, the couple added. The company is one of the few profit-making e-commerce entities in India with FY21 earnings per share of Rs 1.4, giving its shares an 803 times price-to-earnings ratio, at the upper end of the price band.
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