How to check the status of the online application

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The finalization of the allocation basis for Nykaa IPO shares has been announced. The initial public offering (IPO) of Nykaa’s parent company, FSN E-Commerce Ventures Ltd, which operates an online marketplace for beauty and wellness products, was subscribed more than 82 times by the end of the year. last day of auction, last week.

Bidders can check the award status of the shares on the Registrar’s website Link Intime India Private Limited here or the ESB website here. Equity shares, once awarded, will be creditable on November 10, 2021. The company’s shares are expected to be listed on the major NSE and BSE stock exchanges on November 11.

The three-day share sale was opened for subscription on October 28 and closed on November 1. ??630 crore (new issue) and an offer to sell (OFS) of a maximum of 41,972,660 shares by the promoters or existing shareholders. The price range of the public issue was set at ??1,085 to 1,125 per share.

Founded in 2012 by former investment banker Falguni Nayar, as of August 31, 2021, Nykaa had accumulated 55.8 million downloads on all of its mobile applications. Unlike most startups, Nykaa also achieved profitability, posting a consolidated net profit of ??61 crore for the year ended March 31, 2021 (FY21) compared to a loss of ??16.3 crores to FY20.

The beauty e-commerce startup offers 4,000 beauty, personal care and fashion brands through its website, app and some 80 physical stores. Prior to its IPO, Nykaa raised ??2,396 crore from anchor investors. Nykaa plans to use the proceeds of the IPO for expansion, creating new retail stores and establishing new warehouses. It also plans to repay some of its debt, which should lower interest charges and further boost profitability.

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