Bookbuilding IPO | ₹5,350 Cr | Listed at BSE, NSE | Thu, Oct 28, 2021 - Mon, Nov 1, 2021
FSN E-Commerce Ventures IPO is a book build issue of ₹5,349.72 crores. The issue is a combination of fresh issue of 0.56 crore shares aggregating to ₹630.01 crores and offer for sale of 4.20 crore shares aggregating to ₹4,719.72 crores.
FSN E-Commerce Ventures IPO bidding started from Oct 28, 2021 and ended on Nov 1, 2021. The allotment for FSN E-Commerce Ventures IPO was finalized on Nov 8, 2021. The shares got listed on BSE, NSE on Nov 10, 2021.
FSN E-Commerce Ventures IPO price band is set at ₹1,125 per share. The lot size for an application is 12. The minimum amount of investment required by an retail is ₹13,500 (12 shares) (based on upper price). The lot size investment for sNII is 15 lots (180 shares), amounting to ₹2,02,500, and for bNII, it is 75 lots (900 shares), amounting to ₹10,12,500.
The issue includes a reservation of up to 2,50,000 shares for employees offered at a discount of ₹100.00 to the issue price.
BOFA Securities India Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to FSN E-Commerce Ventures IPO RHP for detailed Information.
IPO Open
Thu, Oct 28, 2021
IPO Close
Mon, Nov 1, 2021
Issue Price
₹1125 per share
Market Cap (Pre-IPO)
₹53,204.31 Cr
| IPO Date | 28 Oct to 1 Nov, 2021 |
| Listed on | Wed, Nov 10, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹1085 to ₹1125 |
| Issue Price | ₹1125 per share |
| Lot Size | 12 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹100.00 |
| Total Issue Size | 4,75,75,326 shares (agg. up to ₹5,350 Cr) |
| Fresh Issue | 56,02,666 shares (agg. up to ₹630 Cr) |
| Offer for Sale | 4,19,72,660 shares of ₹1 (agg. up to ₹4,720 Cr) |
| Share Holding Pre Issue | 46,73,24,550 shares |
| Share Holding Post Issue | 47,29,27,216 shares |
| BSE Script Code / NSE Symbol | 543384 / NYKAA |
| ISIN | INE388Y01029 |
FSN E-Commerce Ventures IPO comprises a total issue size of 4,75,75,326 shares. The net offer to the public is 4,73,25,326 shares, after excluding 2,50,000 shares under a preferential allotment. Of the Net offer 3,54,93,996 (75.00%) are allocated to QIB, 70,98,798 (15.00%) allocated to NII 47,32,532 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,54,93,996 | 75.00% | 74.61% | NA |
| − Anchor Investor Shares Offered | 2,12,96,397 | 44.76% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 1,41,97,599 | 29.84% | NA | |
| NII (HNI) Shares Offered | 70,98,798 | 15.00% | 14.92% | NA |
| Retail Shares Offered | 47,32,532 | 10.00% | 9.95% | 3,94,377 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,50,000 | 0.53% | NA | |
| Total Shares Offered | 4,75,75,326 | 100.00% | 100.00% | |
Investors can bid for a minimum of 12 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 12 | ₹13,500 |
| Retail (Max) | 14 | 168 | ₹1,89,000 |
| S-HNI (Min) | 15 | 180 | ₹2,02,500 |
| S-HNI (Max) | 74 | 888 | ₹9,99,000 |
| B-HNI (Min) | 75 | 900 | ₹10,12,500 |
FSN E-Commerce Ventures IPO raises ₹2,395.84 crore from anchor investors. FSN E-Commerce Ventures IPO Anchor bid date is October 27, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Oct 27, 2021 |
| Shares Offered | 2,12,96,397 |
| Anchor Portion (₹ Cr.) | 2,395.84 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Dec 8, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Feb 6, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2012, Nykaa is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including their own brand products manufactured by them. The company operates under 2 major verticals:
Under the Beauty and Personal Care Offering, the company has 197,195 SKUs from 2,476 brands primarily across make-up, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories as of March 31, 2021. For beauty and personal care offerings, Nykaa's business is mainly inventory-led. The company manufactures its owned brand beauty and personal care products through third-party manufacturers and are sold under their brand name such as "Nykaa Cosmetics", "Nykaa Naturals" and "Kay Beauty".
Apparel and accessories verticals consist of 1,350 brands and over 1.8 million SKUs with fashion products across four consumer divisions: women, men, kids, and home. Nykaa Fashion also has six owned brands.
The company provides an omnichannel shopping experience to its customers by providing both online and offline shopping channels. Online channels include mobile apps, websites, and mobile sites while offline channel consists of 73 physical stores spread across 38 cities in India.
Competitive Strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in certain of our Subsidiaries, namely, FSNBrands and / or Nykaa Fashion for funding the set-up of new retail stores | 42.00 |
| 2 | Capital expenditure to be incurred by our Company and investment in certain of our Subsidiaries, namely, Nykaa E-Retail, FSN Brands and Nykaa Fashionfor funding the set-up of new warehouses | 42.00 |
| 3 | Repayment or prepayment of outstanding borrowingsavailed by our Company and one of our Subsidiaries, namely, Nykaa E-Retail | 156.00 |
| 4 | Expenditure to acquire and retain customers by enhancing the visibility and awareness of our brands | 234.00 |
| 5 | General corporate purposes | 126.95 |
The Nykaa IPO is subscribed 81.78 times on November 1, 2021 5:00:00 PM (Day 3). The public issue subscribed 12.24 times in the retail category, 91.18 times in the QIB category, and 112.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 91.18 | 1,43,52,511 | 1,30,86,13,056 |
| NII | 112.02 | 71,29,781 | 79,86,81,132 |
| Retail | 12.24 | 47,53,187 | 5,81,82,972 |
| Employee | 1.88 | 2,50,000 | 4,69,920 |
| Total | 81.78 | 2,64,85,479 | 2,16,59,47,080 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Global Co-ordinators and Book Running Lead Managers' and Book Running Lead Managers’ fees andcommissions (including any underwriting commission) | 148.35 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 13.77 |
| 3 | Fees payable to Registrar to the Offer | 0.41 |
| 4 | Fees payable to the other advisors to the Offer(including fees for legal counsels) | 15.43 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 13.85 |
| 6 | Advertising, Marketing, Printing and Stationery Expenses | 37.80 |
| 7 | Miscellaneous | 12.74 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,125.00 | ₹1,125.00 |
| Open | ₹2,001.00 | ₹2,018.00 |
| Low | ₹1,994.10 | ₹2,000.00 |
| High | ₹2,248.10 | ₹2,248.00 |
| Last Trade | ₹2,206.70 | ₹2,205.80 |
Lead Manager Reports
FSN E-Commerce Ventures IPO is a main-board IPO of 4,75,75,326 equity shares of the face value of ₹1 aggregating up to ₹5,350 Crores. The issue is priced at ₹1125 per share. The minimum order quantity is 12.
The IPO opens on Thu, Oct 28, 2021, and closes on Mon, Nov 1, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in FSN E-Commerce Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in FSN E-Commerce Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in FSN E-Commerce Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The FSN E-Commerce Ventures IPO opens on Thu, Oct 28, 2021 and closes on Mon, Nov 1, 2021.
FSN E-Commerce Ventures IPO lot size is 12, and the minimum amount required for application is ₹13,500.
You can apply in FSN E-Commerce Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for FSN E-Commerce Ventures IPO will be done on Monday, November 8, 2021, and the allotted shares will be credited to your demat account by Tue, Nov 9, 2021. Check the FSN E-Commerce Ventures IPO allotment status.
The FSN E-Commerce Ventures IPO listing date is on Wed, Nov 10, 2021.
