The preliminary public providing (IPO) of FSN E-Commerce Ventures Ltd, which owns Nykaa, was subscribed 4.86 occasions excluding the anchor guide on Friday, the second day of the three-day providing.
As of 5 pm, the IPO obtained purposes for 127.75 million shares in opposition to 26.28 million shares on supply, inventory trade information confirmed. The institutional investor class was subscribed 4.77 occasions, whereas the non-institutional class comprising high-net-worth people was subscribed 418% or 4.18 occasions.
Retail buyers, whose investments can not exceed ₹2 lakh per particular person, subscribed to six.34 occasions the 4.73 million shares on supply, information confirmed.
Individually, the Fino Funds Financial institution IPO was subscribed 51% on the primary day of its three-day providing closing on 2 November.
The general guide, excluding the anchor allotment, was subscribed 0.51 occasions.
Supply: Live Mint