The initial public offering (IPO) of FSN E-commerce Ventures Ltd, which owns Nykaa, was subscribed 4.86 times on the second day of the three-day offering, excluding anchor book, on Friday.
Stock exchange data showed that till 5 pm, the IPO had received applications for 127.75 million shares as against 26.28 million shares. The institutional investor category was subscribed 4.77 times, while high-net-worth individuals in the non-institutional category were subscribed 418% or 4.18 times.
Retail investors who cannot invest more ₹2 lakh per person, a subscription of 6.34 times of the 4.73 million shares on offer, the data showed.
Separately, the IPO of Fino Payments Bank was subscribed 51% on the first day of the three-day offering that closed on November 2.
Excluding anchor allocation, the overall book was subscribed 0.51 times.
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