FSN E-Commerce Ventures Nykaa IPO | GMP, Review, Price, Date

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Nykaa IPO

Nykaa IPO Details which listing on October 28th, 2021.

FSN E-Commerce Ventures Ltd Nykaa IPO: Should you apply?

FSN E-Commerce Ventures, a digital native consumer technology platform that runs Nykaa and Nykaa Fashion plan to launch its initial public offering (IPO) on 28th October 2021 and the offer closes on 1st November 2021. The issue will be listed on 11th November 2021.

IPO Open Date Oct 28, 2021
IPO Close Date Nov 1, 2021
Basis of Allotment Date Nov 8, 2021
Initiation of Refunds Nov 9, 2021
Credit of Shares to Demat Account Nov 10, 2021
IPO listing Date Nov 11, 2021

 

The company has fixed the IPO lot size of 12 shares with the price band at Rs. 1085-1125 a share. Retailers can invest a minimum of Rs. 13,500 for one lot and a maximum of Rs. 1,89,00 for 14 lots. At the upper end of the price band, the firm hopes to raise around Rs. 5,352 Cr.

The company has said it will spend Rs. 234 crore “to acquire and retain customers by enhancing the visibility and awareness of our brands.” About Rs. 156 Cr. will be used for debt repayment and Rs 84 crore will be used for setting-up of new retail stores and warehouses. 

Issue Type  Book Built Issue IPO
Face Value Rs. 1 per equity share
IPO Price Rs. 1085 to Rs. 1125 per equity share
Market Lot 12 shares
Min Order Quantity 12 shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of Rs. 1 (aggregating upto Rs.5,351.92 Cr.)
Fresh Issue [.] Eq shares of Rs. 1 (aggregating upto Rs. 630 Cr.)
Offer For Sale 41,972,660 Eq shares of Rs. 1 (aggregating upto Rs.4,721.92 Cr.)

 

Nykaa IPO  Open Date Close Date Listing Date:

The Nykaa IPO open date is Oct 28, 2021, and the close date is Nov 1, 2021. The issue may list on Nov 11, 2021.

IPO Open Date Oct 28, 2021
IPO Close Date Nov 1, 2021
Basis of Allotment Date Nov 8, 2021
Initiation of Refunds Nov 9, 2021
Credit of Shares to Demat Account Nov 10, 2021
IPO Listing Date Nov 11, 2021

 

FSN E-Commerce Ventures Nykaa IPO Lot Size:

The Nykaa IPO market lot size is 12 shares. A retail-individual investor can apply for up to 14 lots (168 shares or ₹189,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 12 ₹13,500
Maximum 14 168 ₹189,000

The main promoters Falguni Nayar Family Trust and Sanjeev Nayar Family Trust currently hold 22.33% and 23.67% stake respectively in the firm.

Currently, the company Board comprises 10 directors. Falguni Nayar, Sanjay Nayar, Adwaita Nayar, Anchit Nayar, Anita Ramachandran, Milan Khakhar, Alpana Praida, Pradeep Parameswaran, Seshashayee Sridhara, and Milind Sarwate are the members of the company’s Board of Directors.

FSN E-Commerce Ventures Ltd Nykaa Company Financials: 

Nykaa had reported a net profit of Rs 62 Cr. for the financial year 2020-21 (FY21) on revenues of Rs 2,453 Cr. As of 31st March 2021, the company’s total liabilities stand at Rs. 811 Cr.

Particulars 31st March 2021 31st March 2020 31st March 2019
Total Assets Rs. 1,302 Cr. Rs. 1,124 Cr. Rs. 776 Cr.
Total Liabilities Rs. 811 Cr. Rs. 802 Cr. Rs. 545 Cr.
Total Revenue Rs. 2,453 Cr. Rs. 1,778 Cr. Rs. 1,116 Cr.
Profit after Tax Rs. 61.94 Cr. Rs. -16.34 Cr. Rs. -24.54 Cr.

As per market observers, the grey market premium of Nykaa shares is at Rs 670. Experts expect a very good response for the IPO.

Nykaa IPO can be applied online through Zerodha, Upstox, 5paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. 

FSN E-Commerce Ventures Nykaa GMP (Gray Market Price):

Nykaa IPO GMP aka grey market premium is ₹660. on 25th October 2021.

Date GMP
Kostak Subject to
25 October ₹660 ₹750 ₹6500
24 October ₹650 ₹750 ₹7000
23 October ₹670 ₹650 ₹6500
22 October ₹670 ₹650 ₹6500
21 October ₹670 ₹700 ₹7000
20 October ₹680 ₹700 ₹7000
19 October ₹680 ₹700 ₹7000
18 October ₹650 ₹700 ₹7000
17 October ₹650 ₹700 ₹7000
16 October ₹650 ₹550 ₹5000
15 October ₹650 ₹550 ₹5000

FSN E-Commerce Ventures (Nykaa) Company Profile:

Incorporated in 2012, FSN E-Commerce Ventures is a digital native consumer technology platform, delivering a content-led, lifestyle retail experience. It has a diverse portfolio of beauty, personal care, and fashion products, including its own products. The company operates its beauty and personal care through the Nykaa vertical, and apparel and accessories via the Nykaa Fashion channel. The company also runs offline channels, comprising of 80 stores across 40 cities in India over three different formats, as of August 2021.

FSN E-Commerce Ventures Ltd Nykaa Registered Address:

The company registered office is at 104, Vasan Udyog Bhavan, Sun Mill Compound, Tulsi Pipe Road, Lower Parel, Mumbai 400 013, Maharashtra, and its email id is nykaacompanysecretary@nykaa.com.

More Details: Financial Solving

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