Mumbai: The Rs 5,352-crore preliminary public providing (IPO) for FSN E-Commerce Ventures that operates underneath the Nykaa model, closed with a subscription of 82.4 instances, boosted by sturdy subscriptions by excessive internet value traders (HNIs) and monetary establishments. Though there’s warning amongst a bit of the traders who thought that the inventory was extremely priced, a number of world establishments competed with one another to get a share of the anchor e book that was opened a day earlier than the IPO’s launch on October 28. On the higher finish of the value band (Rs 1,125), the price- to-earnings ratio for Nykaa inventory is at over 800.
On this provide, the HNI half was subscribed 113 instances, institutional half 92 instances and the retail half 12 instances. The portion reserved for workers was subscribed 1.9 instances, knowledge on BSE confirmed.
Established in 2012, Nykaa has a various portfolio of magnificence, private care and trend merchandise together with its owned model merchandise, a report by Religare Broking famous. It operates underneath two verticals – Nykaa: Magnificence & Private Care and Nykaa Style: Attire & Equipment, it famous.
The Rs 1,200-crore Fino Funds Financial institution was practically subscribed on the second day of the provide whereas PB Fintech (Policybazaar) IPO, that opened through the day, was subscribed 54%
Two extra IPOs additionally opened on Monday. The Rs 800-crore SJS Enterprises was subscribed 32% whereas the Rs 125-crore Sigachi Industries was subscribed 9.5 instances.
The present rush of IPOs would finish with the Rs 18,300-crore IPO of One 97 Communications, that operates underneath the PayTM model. The provide is about to open on November 8 and shut on November 10.
On this provide, the HNI half was subscribed 113 instances, institutional half 92 instances and the retail half 12 instances. The portion reserved for workers was subscribed 1.9 instances, knowledge on BSE confirmed.
Established in 2012, Nykaa has a various portfolio of magnificence, private care and trend merchandise together with its owned model merchandise, a report by Religare Broking famous. It operates underneath two verticals – Nykaa: Magnificence & Private Care and Nykaa Style: Attire & Equipment, it famous.
The Rs 1,200-crore Fino Funds Financial institution was practically subscribed on the second day of the provide whereas PB Fintech (Policybazaar) IPO, that opened through the day, was subscribed 54%
Two extra IPOs additionally opened on Monday. The Rs 800-crore SJS Enterprises was subscribed 32% whereas the Rs 125-crore Sigachi Industries was subscribed 9.5 instances.
The present rush of IPOs would finish with the Rs 18,300-crore IPO of One 97 Communications, that operates underneath the PayTM model. The provide is about to open on November 8 and shut on November 10.
Supply: Times of India