Shares in Nykaa and Nykaa Fashion’s parent company, FSN E-Commerce Ventures, will be distributed today. The company’s IPO began on October 28 and ended on November 1. This IPO had 81.78 subscriptions as of the last day. Retail investors’ reserve shares were filled 12.06 times. NII, on the other hand, had a share of 112.02 times and QIB had a share of 91.18 times. The reserved share for the company’s employees, on the other hand, received 1.87 times the bid.
When will the shares be allotted and listed?
The distribution of Nykaa shares is scheduled for today. Those who do not receive these shares will have their money returned on November 9. Those who will receive Nykaa shares will see them appear in their Demat account on November 10. On November 11, the company’s shares will be listed on the BSE-NSE.
What’s going on GMP?
According to market experts, Nykaa’s unlisted shares are trading at a premium of Rs 650 in the gray market. The issue price of the company is Rs 1085-1125. According to this, the shares of Nykaa are trading at Rs 1775 (1125 + 650).
If you have also applied for Nykaa IPO then you can check IPO allotment status by visiting the online portal of Link Intime India Private Limited, which is the registrar for this IPO. By visiting this portal, you have to select Nykaa IPO first. There you will have to enter your PAN card number or Application ID or Client IT and Depository Participant Identification Number, after which the allotment status will be displayed in front of you.
Another way to check
The fact that Nykaa’s IPO was subscribed to 82 times until the last day tells you how popular it was. This is also one of the main reasons why people are eagerly awaiting its allotment status. Nykaa’s initial public offering (IPO) began on October 28 and ended on November 1. The price range for the IPO has been set by the company at Rs 1085-1125.