Mumbai: RS 5,352-Crore Initial Public Offering (IPO) for Ventures E-Commerce FSN, the company operating under the Nykaa brand name, completely subscribing to the day opened with a retail portion sold out in the first hour.
On Wednesday, he collected Rs 2,396 Crore from 174 institutional buyers (anchor investors).
According to data on BSE, the retail section of the supply of subscription is 3.5 times while the institutional section subscribes to 1.4 times.
Non-institutional parts, also called high-value investors section, 60% subscribe and quota provided for NYKAA employees subscribed to 70% of the shares offered.
IPO, offered in the ribbon stock price rs 1.085-1.125 per, will be closed in 1.
November according to Bankers Merchant, there are many heavy investors during the anchor allocation too, which occurred on Wednesday.
From stocks that are worth the nearly Rs 2,400 Crore offered, this book subscribes about 40 times, they said.
Among investors who finally allocated Nykaa shares through the anchors of anchors were global financial majors such as Blackrock, capital groups, loyalty and the Government of Singapore, while among the domestic department was SBI mutual funds, HDFC mutual funds and ICICI mutual funds.
Established in 2012, Nykaa has a diverse portfolio of beauty, personal care, and fashion including its own brand products, a report by broking religation recorded.
It operates under two verticals – Nykaa: Beauty & personal care, and Nykaa Mode: Clothing & Accessories, he added.
This company is one of the few e-commerce entities that generate profits in India with 2021 fiscal income per share in RS 1.4 which, at the top of the price ribbon, provides a price-to-revenue ratio shares of 803 times.