Nykaa IPO subscribed 1.56 times on first day, today is the second day to subscribe

• Retail investors fully subscribed to the IPO within an hour of the issue opening.
• Nykaa’s IPO will go on until November 1 and it will list on the market ten days later.
• The shares are available at a price band of ₹1,085 to ₹1,125 the lot size is 12 shares.

Fashion and beauty ecommerce platform Nykaa’s initial public offering (IPO) received a strong demand on October 28 and was subscribed 1.56 times on the first day of the issue.

The company received high demand from retail investors, who had fully subscribed to the IPO within an hour of the issue opening. The retail investors subscribed to Nykaa’s IPO 3.51 times, according to the stock exchange.

This was the highest among the three groups of investors — qualified institutional buyers (QIB), non-institutional investors and retail investors (also known as “individuals”).

Source: BSE

Nykaa’s IPO will go on until November 1 and the company will list on the stock exchange on November 11. It aims to raise ₹5,352 crore with this public issue. Nearly ₹630 crore will be raised through fresh issue of shares.

The shares are available at a price band of ₹1,085 to ₹1,125 the lot size is 12 shares.

The company raised ₹2,395.8 crore from 174 anchor investors on October 27. This also included the Government of Singapore, Goldman Sachs, JP Morgan, T Rowe Price, OP-India Fund.

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