Nykaa IPO was subscribed 82 times on the last day of issueShares of e-commerce charm huge Nykaa - the country's first woman-led unicorn, will be noted on Thursday, November 11, after its going public (IPO) concluded on November 1.
The IPO of the consumer technology platform was subscribed over 82 times at the end of the bidding procedure.
The IPO of FSN E-Commerce Ventures Limited, Nykaa's parent business - received bids for 2,16,59,47,080 shares against 2,64,85,479 shares that were on offer, and intends to raise Rs 5,351.92 crore through the issue.Here's how you can examine the status of allocation on the website of BSE or the registrar's site-- Link Intime India.Steps to examine the status of allotment through the BSE website: Visit to https://www.bseindia.com/investors/appli_check.aspxSelect Nykaa IPO from the listEnter your application numberProvide your PAN numberVerify that you are not a robot and click 's end'Actions to examine the status of allocation through the registrar's website (Link Intime India): Visit to https://www.linkintime.co.in/IPO/public-issues.htmlChoose 'FSN E-Commerce Ventures Ltd' from the drop-down listSelect one of the 3 modes-- application number, customer ID or PAN IDIn application type, choose in between ASBA and non-ASBAThen, send information of the mode you picked earlierFill Captcha and click 's end'The sale of the shares was held in between October 28 and November 1.
The equity shares are anticipated to be credited tomorrow - November 10.
Nykaa is set up to be listed on stock market NSE and BSE on November 11, 2021.
What experts state: Nykaa saw a powerful reaction from the investors where the IPO was subscribed 81 times.
We anticipate Nykaa to get noted around 1600-1700 where the existing GMP is around Rs 650 against the concern cost of Rs 1,125 on the upper price band.Eyeing the just recently listed new edge business and Nykaa's development strategy we expect the company to carry out far better.
We suggest the financiers to remain invested in the IPO where it can be a wealth developer in the next 2-3 years, said Mr.
Aayush Agrawal, Sr.
Research Analyst - Merchant Banking, Swastika Investmart Limited.