Thursday, November 4, 2021

Nykaa IPO: GMP remains Strong | Allotment likely next week


Nykaa IPO was fully subscribed on the first day of public issue that opened on Thursday, October 28, 2021

The initial public offering (IPO) of FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products Nykaa, was subscribed 81.78 times on the last day of subscription on Monday, mainly helped by huge interest from institutional investors. The initial share sale of Nykaa's parent company was fully subscribed on the first day of subscription on Thursday.

As per market observers, Nykaa shares are available at a premium (GMP) of ₹648 in the grey market today. The company's shares are expected to list on leading stock exchanges NSE and BSE on November 11.

Nykaa IPO's finalization of basis of share allotment is expected to take place next week on Monday, November 8, 2021. The bidders can check the share allotment status in the IPO registrar Link Intime India Private Limited's website or stock exchange BSE's website.

The ₹5,352 crore initial share sale received bids for 2,16,59,47,080 shares against 2,64,85,479 shares on offer, according to data available with the NSE. The category meant for qualified institutional buyers (QIBs) was subscribed 91.18 times, non-institutional investors 112.02 times and retail individual investors (RIIs) 12.24 times.

Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

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