Nykaa IPO Listing Date On BSE & NSE: Listing On November 10; Check GMP

Nykaa IPO (Initial Public Offering) is all set to hit Dalal street. The public issue will list on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Wednesday, November 10. The offer went live on October 28 and concluded on November 11. The Rs 5,352 crore-IPO had a price band of Rs 1,085-1,125 a share. Initially, the shares were going to list on Thursday. However, the company preponed the listing by a day.

FSN E-Commerce Ventures Limited, the parent company of Nykaa, received bids for 2,16,59,47,080 shares against 2,64,85,479 equity shares on offer, according to NSE data. The portion reserved for qualified institutional buyers (QIBs) was subscribed 91.18 times, the retail individual investors (RIIs) invested 12.24 times while the non-institutional investors bid 112.02 times.

The issue comprises fresh equity shares worth up to Rs 630 crore and an offer for sale (OFS) of up to 41,972,660 shares by existing shareholders. Those selling shares in the OFS include promoter Sanjay Nayar Family Trust and shareholders Lighthouse India Fund III, TPG Growth IV SF Pvt Ltd, Yogesh Agencies and Investments and some individual shareholders.

Nykaa IPO share GMP

The premium amount offered over the issue price in the unofficial grey market is called Grey Market Premium or GMP. The GMP of Nykaa IPO is surging for the past week. According to reports, the Nykaa IPO GMP currently stands at more than Rs 760. 

It suggests a strong list on Dalal street. As per the current trends, Nykaa IPO can be listed at around 65% premium or more than Rs 1,850 which is more than half at the upper price band of Rs 1,125. 

About Nykaa

Incorporated in 2012 by Falguni Nayar, FSN E-Commerce Ventures Ltd is an e-commerce firm that owns Nykaa. The Mumbai-based company trades beauty and wellness and fashion products. It also has more than 75 offline stores. As of 2020, the online store retails over 2,000 brands and two lakh products across its platforms.

Image: Twitter/@HimaniGJani9, PTI