Nykaa IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Nykaa IPO or FSN E-Commerce Ventures IPO release date, IPO offer price, subscription, Nykaa IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 1085 to Rs 1125 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 12 Shares |
| Listing Date | Nov 11, 2021 |
| Offer for Sale | Rs 47219.20 Million |
| Fresh Issue | Rs 6300 Million |
| IPO Size | Rs 53519.20 Million |
| Tick Size | 1 |
FSN E-Commerce Ventures IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
FSN E-Commerce Ventures IPO – Summary
They are a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. Since their incorporation in 2012, they have invested both capital and creative energy towards designing a differentiated journey of brand discovery for their consumers.
They manufacture owned brand beauty and personal care products through third-party manufacturers contracted by them. They have entered into manufacturing agreements with several manufacturers in India, for the manufacture of such products which are sold under their owned brands such as “Nykaa Cosmetics”, “Nykaa Naturals” and “Kay Beauty”.
The Promoter of this company is FALGUNI NAYAR, SANJAY NAYAR, FALGUNI NAYAR FAMILY TRUST AND SANJAY NAYAR FAMILY TRUST. The lead manager to the issue is Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, BofA Securities India Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited, and JM Financial Limited and the Registrar to this issue is Link Intime India Private Limited.
FSN E-Commerce Ventures / Nykaa IPO Date
The opening and the closing date of FSN E-Commerce Ventures IPO are Oct 28, 2021, and Nov 1, 2021.
Check out Related IPO Links:
| FSN E-Commerce Ventures IPO GMP |
| FSN E-Commerce Ventures IPO Allotment |
Nykaa IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 28th Oct | 1.39x | 0.60x | 3.50x | 0.68x | 1.55x |
| 2nd Day – 29th Oct | 4.72x | 4.17x | 6.32x | 1.18x | 4.82x |
| 3rd Day – 1st Nov | 91.18x | 112.02x | 12.24x | 1.88x | 81.78x |
| Shares Offered or Net Issue | 14,352,511 | 7,129,781 | 4,753,187 | 250,000 | 26,485,479 |
The shares subscribed by the public will be updated here.
Check Nykaa IPO LIVE Subscription
- FSN E-Commerce Ventures IPO LIVE Bid details on BSE
- FSN E-Commerce Ventures IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Nykaa IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Nykaa IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Nov 8, 2021 |
| Refunds Initiation | Nov 9, 2021 |
| Credit of Shares to Demat Account | Nov 10, 2021 |
| Share Listing Date | Nov 11, 2021 |
FSN E-Commerce Ventures IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs.Rs 1085 to Rs 1125
Nykaa IPO Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs.Rs 1085 to Rs 1125 per equity share aggregating to Rs.53519.20 Million.
Nykaa IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.53519.20 Million
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FSN E-Commerce Ventures IPO – Live Performance
The listing date of this IPO is Nov 11, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – FSN E-Commerce Ventures Share Price |
Nykaa IPO GMP / Grey Market Premium
The FSN E-Commerce Ventures Limited IPO Grey Market Premium price is Rs 750, the Kostak rate is Rs 800 and the Subject to Sauda is Rs 7000.
FSN E-Commerce Ventures IPO – Company Overview
They have a diverse portfolio of beauty, personal care, and fashion products, including their owned brand products manufactured by them. As a result, they have established themselves not only as a lifestyle retail platform but also as a popular consumer brand. They offer consumers an Omnichannel experience with an endeavor to cater to the consumers’ preferences and convenience
Their online channels include mobile applications, websites, and mobile sites. As of March 31, 2021, they had cumulative downloads of 43.7 million across all their mobile applications and during the Financial Year 2021, 86.7% of their online GMV came through their mobile applications.
Their lifestyle portfolio spans beauty, personal care, and fashion products. They believe that consumers have different journeys for different lifestyle needs, and this has led them to build business vertical-specific mobile applications, websites, and physical stores. These independent channels allow them to tailor their content and curation optimally for the convenience of consumers and to cater to the different consumer journeys that exist in these business verticals:
- Nykaa: Beauty and personal care
- Nykaa Fashion: Apparel and accessories
FSN E-Commerce Ventures IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||||
| 30-Jun-21 | 30-Jun-20 | Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 16,314.82 | 10,071.84 | 13,019.90 | 11,244.82 | 7,756.57 |
| *Total Revenue | 10,071.84 | 2,910.46 | 24,526.37 | 17,778.50 | 11,163.82 |
| Total Expense | 8,185.65 | 3,572.74 | 23,772.99 | 17,902.80 | 11,481.02 |
| Profit After Tax | 35.22 | (545.07) | 619.45 | (163.40) | (245.39) |
Earnings per Equity Share (in Million)
| 30-Jun-21 | 30-Jun-20 | Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 0.08 | (1.23) | 1.39 | (0.39) | (0.59) |
| Diluted | 0.07 | (1.23) | 1.34 | (0.39) | (0.59) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 619.45 Million, Rs. (163.40) Million and Rs. (245.39) Million respectively.
FSN E-Commerce Ventures IPO – Promoters
The Promoter of this company is:
- FALGUNI NAYAR
- SANJAY NAYAR
- FALGUNI NAYAR FAMILY TRUST
- SANJAY NAYAR FAMILY TRUST
List of Related Parties (Key Managerial Personnel)
- Falguni Nayar, Executive Chairperson, Managing Director, and Chief Executive Officer
- Sanjay Nayar, Additional Non-Executive Director
- Adwaita Nayar, Executive Director
- Anchit Nayar, Executive Director
- Anita Ramachandran, Independent Director
- Milan Khakhar, Non-Executive Director
FSN E-Commerce Ventures IPO – Promoters Holding
- Pre Issue Share Holding – 54.22%
- Pos Issue Share Holding – 52.56%
Nykaa IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.53519.20 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 467,324,550 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Nykaa IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Investment in certain of their Subsidiaries, namely, FSN Brands and/or Nykaa Fashion for funding the set-up of new retail stores;
- Capital expenditure to be incurred by their Company and investment in certain of their Subsidiaries, namely, Nykaa E-Retail, Nykaa Fashion, and FSN Brands for funding the set-up of new warehouses;
- Repayment or prepayment, in full or in part, of certain borrowings availed by their Company and one of their Subsidiaries, namely, Nykaa E-Retail;
- Expenditure to enhance the visibility and awareness of their brands; and
- General corporate purposes.
Nykaa – Business Strategy
- Continue to acquire new consumers and increase consumer loyalty
- Deepen and broaden their brand relationships
- Leveraging on the art of retailing to expand into lifestyle adjacencies and launch new channels
- Further, expand Omnichannel capabilities
- Invest in their owned brand portfolio
- Focused, selective international expansion as well as acquisitions and joint ventures in India
Nykaa IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One of India’s leading lifestyle-focused consumer technology platform
- They are the preferred destination for luxury and prestige products in India for consumers and brands
- Resilient, capital-efficient business with a combination of strong growth and profitability
- Their proprietary technology stack
- A founder-led company supported by a professional management team
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 1.39 | 1.34 | 12.62 | 11.00 |
| 31-Mar-20 | (0.39) | (0.39) | (5.16) | – |
| Mar-19 | (0.59) | (0.59) | (10.63) | – |
FSN E-Commerce Ventures IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| FSN E-Commerce Ventures Limited | 1 | [●] | 1.39 | 12.62 | 10,071.84 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
FSN E-Commerce Ventures IPO Lead Managers
| Lead Managers |
|
Kotak Mahindra Capital Company Limited Morgan Stanley India Company Private Limited BofA Securities India Limited Citigroup Global Markets India Private Limited ICICI Securities Limited JM Financial Limited |
FSN E-Commerce Ventures IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400 083, Maharashtra Telephone: +91 22 4918 6200 E-mail: nykaa.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance e-mail: nykaa.ipo@linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
FSN E-Commerce Ventures IPO – Other Details
- Statutory Auditor – V.C. Shah & Co., Chartered Accountants
- Legal Counsel to the Company – AZB & Partners
- Bankers to the Company – Kotak Mahindra Bank Limited, HDFC Bank Limited, CITI BANK N.A, IDFC FIRST Bank Limited, and ICICI Bank Limited
FSN E-Commerce Ventures IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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FSN E-Commerce Ventures Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
FSN E-Commerce Ventures IPO Review FAQs
Ques – What is the Issue Size of FSN E-Commerce Ventures IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Nykaa IPO?
Answer – The price band for this particular IPO ranges between Rs 1085 to Rs 1125. As far as the face value of the share is of concern, it is Rs.1 per share.
Ques – What is the FSN E-Commerce Ventures IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Oct 28, 2021, while the closing date is set at Nov 1, 2021.
Ques – What is the FSN E-Commerce Ventures IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Nov 8, 2021, refund initiation is on Nov 9, 2021, credit of shares is on Nov 10, 2021, and share listing date is on Nov 11, 2021.
Ques – What is the FSN E-Commerce Ventures IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Nov 11, 2021. The date, when the listing would be done, is stagnant on Nov 11, 2021.
Ques – Who is the Registrar of FSN E-Commerce Ventures IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of FSN E-Commerce Ventures IPO?
Answer – Here are the promoters of this IPO – FALGUNI NAYAR, SANJAY NAYAR, FALGUNI NAYAR FAMILY TRUST, AND SANJAY NAYAR FAMILY TRUST. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Nykaa IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 750. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is FSN E-Commerce Ventures IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of FSN E-Commerce Ventures Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 619.45, 2020 is (163.40), 2019 is (245.39).
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