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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 ₹1125.00 per share . The lot size for an application is 12. The minimum amount of investment required by an retail is ₹13,020 (12 shares). 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 Date | October 28, 2021 to November 1, 2021 |
| Listing Date | November 10, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹1085 to ₹1125 per share |
| Issue Price Final | ₹1125 per share |
| Lot Size | 12 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,75,75,326 shares (aggregating up to ₹5,349.72 Cr) |
| Fresh Issue | 56,02,666 shares (aggregating up to ₹630.01 Cr) |
| Offer for Sale | 4,19,72,660 shares of ₹1 (aggregating up to ₹4,719.72 Cr) |
| Employee Discount | ₹100.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 46,73,24,550 shares |
| Share Holding Post Issue | 47,29,27,216 shares |
Nykaa IPO offers total 4,75,75,326 shares. Out of which 3,54,93,996 (74.61%) allocated to QIB, 1,41,97,599 (29.84%) allocated to QIB, 70,98,798 (14.92%) allocated to NII, 47,32,532 (9.95%) allocated to RII and 2,12,96,397 (44.76%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,54,93,996 (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 (14.92%) | NA |
| Retail Shares Offered | 47,32,532 (9.95%) | 3,94,377 |
| Employee Shares Offered | 2,50,000 (0.53%) | NA |
| Total Shares Offered | 4,75,75,326 (100.00%) |
| 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 |
FSN E-Commerce Ventures IPO opens on October 28, 2021, and closes on November 1, 2021.
| IPO Open Date | Thu, Oct 28, 2021 |
| IPO Close Date | Mon, Nov 1, 2021 |
| Tentative Allotment | Mon, Nov 8, 2021 |
| Initiation of Refunds | Tue, Nov 9, 2021 |
| Credit of Shares to Demat | Tue, Nov 9, 2021 |
| Tentative Listing Date | Wed, Nov 10, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 1, 2021 |
Investors can bid for a minimum of 12 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 30-Jun-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 16,314.82 | 10,071.84 | 13,019.90 | 11,244.82 | 7,756.57 |
| Total Revenue | 8,217.14 | 2,910.46 | 24,526.37 | 17,778.50 | 11,163.82 |
| Profit After Tax | 35.22 | (545.07) | 619.45 | (163.40) | (245.39) |
The Company FSN E-Commerce Ventures IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Well, this IPO created hype ever since it filed its DRHP and was eagerly awaited. Post Zomato episode, this IPO too created a fancy among primary market investors. However, based on its financial parameters, the issue is exorbitantly priced and hence risk seekers/cash surplus investors may consider investment for a long term reward. Others may avoid. Read detail review...
| Listing Date | November 10, 2021 |
| BSE Script Code | 543384 |
| NSE Symbol | NYKAA |
| ISIN | INE388Y01029 |
| Final Issue Price | ₹1125 per share |
| BSE Listing Group | B |
FSN E-Commerce Ventures Ltd.
104, Vasan Udyog Bhavan, Sun Mill Compound,
Tulsi Pipe Road, Lower Parel,
Mumbai 400 013, Maharashtra
Mumbai, Maharashtra
Phone: + (91) 22 6614 9616
Email: nykaacompanysecretary@nykaa.com
Website: https://www.nykaa.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: nykaa.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹5,349.72 Crores. The issue is priced at ₹1125 per share. The minimum order quantity is 12.
The IPO opens on October 28, 2021, and closes on November 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 October 28, 2021 and closes on November 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 Tuesday, November 9, 2021. Check the FSN E-Commerce Ventures IPO allotment status.
The FSN E-Commerce Ventures IPO listing date is on Wednesday, November 10, 2021.
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