Nykaa IPO oversubscribed 82 times on final bidding day; retail portion subscribed 12 times

At the end of the final day of bidding, FSN E-Commerce Ventures Ltd’s initial public offering (IPO), which operates the online marketplace for beauty and wellness products Nykaa, had been subscribed to more than 82 times. Nykaa raised Rs. 2,396 crore from anchor investors ahead of its IPO. On the first day of sales, the issue was subscribed 100 percent. According to BSE and NSE cumulative bid figures as of 5:00 p.m. yesterday, it received 2.16 billion bids for the … Continue reading Nykaa IPO oversubscribed 82 times on final bidding day; retail portion subscribed 12 times