Nykaa Shares Will Be Ejected On The NSE And BSE Today

Nykaa IPO Date, Nykaa Shares Will Be Ejected: Nykaa shares are trading at a premium of Rs 780 to the issue price of Rs 1,125 on the grey market.

On Wednesday, Nykaa’s initial public offering (IPO) will go public. FSN E-Commerce Ventures Ltd, Nykaa’s parent business, raised Rs 5,351 crore in an oversubscribed initial public offering 82 times. Bids for 2,16,59,47,080 shares were received, compared to 2,64,85,479 shares on offer. Qualified institutional buyers (QIBs) received 91.18 percent of the votes, non-institutional investors received 112.02%, and individual retail investors (RIIs) received 12.24 percent.

FSN E-Commerce Ventures’ initial public offering (IPO) added a fresh issue of equity shares for Rs 630 crore. And a presentation for sale (OFS) of 4,19,72,660 equity shares by the promoter also existing shareholders. The offer’s price limit was Rs 1,085-1,125 per share. Nykaa Shares Will Be Ejected Before the IPO, FSN E-Commerce Ventures Ltd received Rs 2,396 crore from anchor investors.

Premium Nykaa Grey Market

Nykaa’s unlisted shares are trading at a substantial premium of Rs 780 in the grey market. 68% more than the issue price of Rs 1,125 per share. According to the draught filings, the company intends to use the proceeds from the IPO to expand by opening new retail outlets and warehouses. It also wants to pay down some of its debt, reducing interest costs and boosting profitability.

Furthermore, the company intends to use the IPO funds for marketing and promotional efforts. Focusing on strengthening existing 13 owned brands such as Nykaa Cosmetics, Nykaa Naturals, and Kay Beauty and building and promoting new brands.

The company bids a wide range of beauty, personal care. And fashion products through its two business verticals, Nykaa and Nykaa Fashion, including its brand products.