Home / Markets / IPO / Nykaa's Rs 5,300-crore IPO sees strong interest; subscribed 82x

Nykaa's Rs 5,300-crore IPO sees strong interest; subscribed 82x

This is the second-biggest IPO since that of food delivery start-up Zomato's, the first by an Indian unicorn.

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FSN E-Commerce Ventures had set a price band of Rs 1,085-1,125 apiece for its IPO

3 min read Last Updated : Nov 02 2021 | 2:01 AM IST

The Rs 5,300-crore initial public offering (IPO) of FSN E-Commerce Ventures, which operates Nykaa, saw strong investor interest and was subscribed 82.4 times on Monday, the concluding day of the issue.

It received 2.16 billion bids for the 21.2 million shares, excluding the anchor portion, that were on offer. The institutional investor portion was subscribed 92 times, the wealthy investor portion 112.5 times, the retail investor portion 12.3 times, and the portion reserved for employees by 1.8 times.

This is the second biggest IPO since that of food delivery start-up Zomato’s, the first by an Indian unicorn. Zomato drew bids worth Rs

Topics : IPO Nykaa Markets

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