The finalization of the basis for the share allocation of Nykaa IPO is expected on Monday, November 8, 2021. Initial Public Offering (IPO) Nykaa’s parent FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products, was subscribed more than 82 times at the end of the last day of bidding as compared to the previous week.
Bidders can check the share allotment status in the Registrar’s website link Intime India Private Limited Here or BSE website Here. The equity shares once allotted can be deposited on November 10, 2021. The company’s shares are expected to be listed on the major stock exchanges NSE and BSE on November 11.
The three-day share sale opened for subscription on 28 October and ended on 1 November. The IPO consisted of total equity shares. ₹630 crore (fresh issue) and offer for sale (OFS) of 41,972,660 equity shares by promoters or existing shareholders. The price band for the public issue was fixed by: ₹1,085-1,125 per share.
Founded in 2012 by former investment banker Falguni Nair, as of August 31, 2021, Nykaa had a cumulative download of 55.8 million across all mobile applications. Unlike most startups, Nykaa has also achieved profitability posting a consolidated net profit of ₹61 crore for the year ended 31st March, 2021 (FY21) as compared to a loss of ₹16.3 crore in FY20.
The e-commerce beauty startup offers 4,000 beauty, personal care and fashion brands through its website, app, and 80 brick-and-mortar stores. Ahead of its IPO, Nykaa Raises ₹2,396 crore from anchor investors. Nykaa plans to use the proceeds from the IPO to expand by setting up new retail stores and new warehouses. It also plans to pay down some of its debt, which should bring down interest costs, and further increase its profitability.
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