Nykaa initial public offering (IPO) is likely to be finalised on Monday, November 8. Nykaa operator, FSN E-Commerce Ventures Ltd, received a stellar response for its IPO. Nykaa IPO was subscribed 81.78 times over the 2.64 crore shares that were on offer. Nykaa IPO was opened for subscription from October 28-November 1, 2021. The price band for Nykaa IPO was fixed at Rs 1,085-1,125 per share. The most popular e-commerce platform in India, received bids of over 216.59 crore shares against the total issue size of over 2.64 crore shares, data available with the National Stock Exchange (NSE) showed.
If you have invested in Nykaa IPO, you can check the share allotment status on Monday. There are two ways to check the share allotment application status — 1) Via BSE, 2) Via the IPO registrar’s website. Once the shares are alloted, the ineligible investors will get their refunds on Tuesday. The equity shares will be credited to the demat accounts of eligible investors on November 10.
How to Check Nykaa IPO Allotment Status via BSE
1) Go to the official BSE website. Via the URL (https://www.bseindia.com/investors/appli_check.aspx).
2) It will take you to a page called ‘Status of Issue Application’. There you need to select the ‘Equity’ option.
3) Select ‘FSN E-Commerce Ventures Ltd’ from the drop-down menu that is besides the issue name.
4) Input your application number and the Permanent Account Number (PAN). Then you just click the ‘I am not a robot’ to verify yourself and click ‘Search’. This will show you the status of the application.
How to Check Nykaa IPO Allotment Status via the Registrar’s Website (Link Intime India)
1) Go to the Link Intime India website using the URL: (https://www.linkintime.co.in/IPO/public-issues.html)
2) Select the ‘FSN E-Commerce Ventures Ltd’ option from the drop-down list under ‘Company’. The name will be populated only if the allotment is finalised
3) You need to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) Fill Captcha and enter ‘Submit’ option
The portion allocated for the qualified institutional buyers (QIBs) was subscribed 91.18 times. The share of non institutional investors was subscribed a whopping 112.02 times and that of retail individual investors (RIIs) was subscribed 12.24 times. The shares for the employees’ segment was booked 1.88 times, the data showed.
Nykaa IPO Grey Market Premium Today
Nykaa IPO has also been garnered decent response in the unlisted market as well, according to the people with the knowledge. The grey market premium of Nykaa IPO stood at Rs 650 on November 8, according to IPO Watch. Nykaa shares were trading at 58 per cent higher than the upper end of the issue price.
For investors who have booked Nykaa IPOs, Ravi Singh, head of research and vice president, ShareIndia advised, “With a diverse assortment of beauty, personal care and fashion products, Nykaa’s supremacy lies in its ability to retain and attract customers. Nykaa has witnessed sustained growth in GMV over the years and has the highest AOV. Its robust technology and content engine, focus on capital efficiency and positive unit economics coupled with immense headroom for penetration, provide the company a long runway for growth. The dearth of PAT positive new-age companies in India and its first-mover advantage augurs well enabling Nykaa to command higher premium. We believe the company is capable of improving its financial metrics and cementing its position going forward and hence recommend investors Investors may book their 50 per cent position at the time of listing of Nykaa IPO and hold the remaining position for a longer period.”
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