Nykaa IPO Subscribed 1.55 Times On First Day Of Issue

E-commerce beauty giant Nykaa’s ₹ 5,352 crore initial public offering (IPO) was subscribed 1.55 times on the first day of issue, according to subscription data on the stock exchanges. The beauty e-tailer’s IPO opened for bidding today and will close for subscription on November 1.

On Thursday, retail individual investors (RII) showed huge interest as the portion reserved for them was subscribed 3.50 times – the highest among the three groups of investors. The portion set aside for the qualified institutional buyers or QIB was subscribed 1.39 times, while the portion reserved for the non-institutional individual investors was subscribed 0.60 times.

The company has fixed a price band of ₹ 1,085-1,125 per share for the public offer. Bids can be made for a minimum of 12 equity shares and in multiples of 12 equity shares thereafter up to 14 lots.