Did you apply for the initial public offering (IPO) of FSN E-Commerce Ventures, the owner of Nykaa? The finalisation of the basis of share allotment was announced on Tuesday, November 9. The initial share sale of Nykaa, which runs an online marketplace of beauty and wellness products, received a strong investor response as it was subscribed over 82 times.

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Nykaa had fixed the price band at Rs 1,081-1,125 per share for its IPO, which ran between October 28 and November 1. Investors who had applied for the Nykaa IPO can check the status of allotment of shares online, either through the registrar Link Intime's website or directly through the portal of BSE.

The status will only appear if the details are entered correctly. In the case of non-allotment, the blocked amount will be refunded to your bank account.

Here's how you can check the allotment status:

Through the website of registrar - Linkintime

1) Visit the website: https://www.linkintime.co.in/IPO/public-issues.html

2) Select IPO name from the drop down menu

3) Enter the application number or DP ID/Client ID or PAN

4) In the case of application number, select application type (ASBA or NON-ASBA) and 'Enter Application Number'. In the case of DPID/Client ID, select Depository "NSDL or CDSL" and enter "DP ID/Client ID".

5) Enter 'Captcha' and submit

On BSE:

1) Visit the website: https://www.bseindia.com/investors/appli_check.aspx.

2) Select ‘Equity’ and then from the dropdown, select issue name

3) Enter your Application Number and PAN Card number

4) Click on the "Search" button

The shares of Nykaa are expected to list on Thursday on both major exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The issue received a robust response from the investors and was oversubscribed 82 times on the final day of bidding. The portion reserved for retail investors was subscribed 12 times, while that of non-institutional investors' was subscribed 92 times, as per the subscription data available on the exchanges. Qualified institutional buyers subscribed 92 times their reserved portion.

Nykaa's public issue comprised of a fresh issue of shares worth Rs 630 crore and an offer for sale worth Rs 4,721 crore. Ahead of its IPO, the company had raised over Rs 2,300 from anchor investors.

The company aims to use these funds for expansion, setting new retail stores and warehouses. It also plans to repay its debt, which could bring down interest costs and shore profitability.

Brokerages recommended subscribing to the issue as Nykaa has a first-mover advantage and bright future prospects.

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First Published:Nov 8, 2021 10:49 AM IST