Nykaa, a start-up company selling beauty products, got fully subscribed on the very first day of IPO subscription opening. The company has entered the primary market to raise capital of Rs 5,352 crore. However, Nykaa’s parent company FSN E-Commerce Ventures Ltd had already raised Rs 2395 crore from 174 anchor investors before the IPO. In this, Blackrock (Fidelity), JP Morgan, HDFC have invested in ICICI Nomura and Abu Dhabi Investment Authority. Nomura, and Abu Dabhi Investment Authority. Earlier the shares of the company were being sold at a premium of Rs 600 to 650 in the gray market.
The craze for the issue among retail investors
Today, Qualified Institutional Buyers (QIBs) had subscribed 1.20 times the share reserved for them till 4.30 pm. QIB had bid for 1.72 crore shares, while it was offered 1.43 crore shares. There was a tremendous craze of this IPO in the retail subscribers. Firstly the portion reserved for him was fully subscribed. Retail investors had bid for 1.63 crore shares. This is more than 3.45 times the share reserved for them.
Fino Payments Bank IPO: 1200 crore IPO to open tomorrow; parent company’s sentiment four times stronger; Whether to invest money or not, this is the opinion of experts
New shares worth Rs 630 crore issued under IPO
Non-institutional investors subscribed for 0.59 times of the share reserved for themselves, while employees of the company bid for 0.67 times of the share reserved for them. Investors can invest in the bid for the IPO in the band of Rs 1085-1125. Bidding can be done for these shares till November 1. Ten percent of this IPO is reserved for retail investors. New shares worth Rs 630 crore will be issued under the IPO, while shares worth Rs 4,721 crore will be sold through OFS.
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.