Nykaa's initial public offering (IPO) was subscribed more than 82 times on Monday, the final day of the bidding process. The Nykaa public offer, to raise over Rs 5,350 crore, opened for subscription on Thursday, October 28, and closed on November 1.

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At the end of the day, the initial share sale of FSN E-Commerce Ventures, which runs an online marketplace for beauty and wellness products under the name Nykaa, was subscribed 82.4 times.

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The portions reserved for qualified institutional investors (QIBs) and non-institutional investors were subscribed 92.2 and 112.5 times respectively, and the quota reserved for retail investors saw a subscription of 12.3 times. The quota reserved for employees was subscribed 1.9 times.

On Friday, the second day of bidding, the issue was subscribed 4.8 times, receiving bids for 12,77,48,892 shares.

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Nykaa's IPO comprised fresh issuance worth Rs 630 crore and an offer for sale (OFS) worth Rs 4,721 crore.

Potential investors could bid for Nykaa shares in the range of Rs 1,085-1,125 under the IPO. Bids could be placed in multiples of 12 shares. At the upper end of the price band, one lot cost investors Rs 13,500.

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FSN E-Commerce Ventures is a digital consumer fashion technology platform that specialises in content-led, retail lifestyle experience. Its portfolio includes fashion, beauty, and personal care products. It serves clients through both offline and online stores. The company has more than 80 stores in 40 cities across the country.

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First Published:Nov 1, 2021 12:28 PM IST