Nykaa IPO Allotment Status and allotment date: IPOs of many companies are about to come before Diwali. The IPO of Nykaa, a start-up company selling beauty products, is now live. The company will raise capital of Rs 5325 crore through this IPO as the company has kept the price band of IPO from Rs 1085 to Rs 1125. New shares worth Rs 630 crore will be issued through IPO. Nykaa, the online beauty aggregator and one of India’s most popular online beauty and personal care product firms, is going for its Initial Public Offering on 28/10/2021. FSN is the owner of e-commerce ventures, Nykaa and Nykaa Fashion.
8 November 2021: Nykaa IPO Allotment Status is available to check now at bseindia.com and even on kfintech.com.
Nykaa IPO Allotment Status and Date
Nykaa intends to dedicate the funds raised in the IPO for the purposes as Rs 42 crore to be used to set up new physical retail stores in the next 3 years. Rs. 42 crores will be spent in setting up new go-downs and Rs 234 crore will be spent on marketing of its brand. Rs 156 crore will be used for repayment of their loans as a maximum of 25% of the net proceeds from the IPO will be used for general corporate purposes. Nykaa is the largest specialty beauty and personal care retailer in India in terms of value of products sold in 2021 and it is one of the fastest growing fashion brand company in India.
E-commerce beauty company Nykaa has launched its initial public offering on 28/10/2021. FSN E-commerce, which manages Nykaa, has raised the price of its IPO from Rs 1,085 to Rs 1,125 per share, valuing the company at Rs 7.11 billion. Ahead of its IPO launch, FSN E-commerce has raised Rs 2,396 crore from anchor investors and the company has decided to allot a total of 21,296,397 equity shares to anchor investors at a total value of Rs 2,395.84 crore Rs 1,125 per share.
Nykaa IPO Date & Price Band- Details
|IPO Size||Rs 5351.92. Crore|
|Face Value||Rs 1 Rs. Equity Share|
|Price Band||Rs 1085-Rs 1125 Per Share|
|Listing On||BSE, NSE|
|Issue Size||Rs 5351.92. Crore|
|Fresh Issue||Rs 630. Crore|
|Offer For Sale||Rs 4721.92. Crore|
Nykaa IPO 2021 Allotment Status
Anchor Books include Black-Rock Global Funds, Fidelity Funds, Nomura, Government of Singapore, Monetary Authority of Singapore, Canada Pension Plan Investment Board, T Rowe Price, Tiger Global Investment Fund, Goldman Sachs and Morgan Stanley. Nykaa is planning to IPO and will use the money to open new retail stores, raise capital and pay off debt.
The IPO of FSN e-commerce ventures consists of a fresh issue and offer for sale (OFS) of ₹630 crore equity shares as 41,972,660 equity shares by the promoter and existing shareholders. The issue has opened for public subscription on 28/10/2021 to 1/11/2021. Launched in 2012 by former investment banker Falguni Nair, it is a digitally native consumer technology platform that provides customers with a content-led, lifestyle retail experience.
Nykaa IPO Lead managers
- Kotak Mahindra Capital Company Limited
- Morgan Stanley India Company Private Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- JM Financial Limited
Nykaa IPO GMP Today Live Price
Nykaa’s parent company is SN E-commerce Ventures and it was started in the year 2012 by Falguni Nair, an investment banker. Within a few years, it became India’s top beauty products e-commerce company and the valuation, it is $ 7.2 billion i.e. Rs 53,200 crore. The company is preparing to raise Rs 5352 crore through IPO and out of this, Rs 630 crore is set to be raised via fresh issue and Rs 4772 crore through offer for sale.
The premium of the company’s shares was running at Rs 670 in the gray market. That is, if we add the higher price band and the gray market rate, then the unlisted shares of Nykaa are trading at Rs 1795.
|29/10/2021||₹ 700||₹ 700||₹ 6000|
|28/10/2021||₹ 700||₹ 700||₹ 6000|
|27/10/2021||₹ 600||₹ 700||₹ 6000|
|26/10/2021||₹ 670||₹ 800||₹ 7000|
|25/10/2021||₹ 650||₹ 750||₹ 7000|
|24/10/2021||₹ 650||₹ 750||₹ 7000|
|23/10/2021||₹ 670||₹ 650||₹ 6500|
Nykaa: About the company
Founded in 2012, Nykaa of FSN E-Commerce Ventures defined how Indians used to buy beauty and personal care products. Founded by Falguni Nair, Nykaa has been adhering to the mission of creating a world where customers have access to a finely curated, authentic collection of products and services that satisfy consumers. Nykaa is a lifestyle-focused digital consumer technology platform that offers a diverse range of beauty, personal care and fashion products, including many brands of its own. Nykaa has become a preferred destination for consumers to shop for luxury and prestige products.