InvestorQ : What has been the response to the Nykaa IPO from investors?
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What has been the response to the Nykaa IPO from investors?

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Riya Dwivedi answered.
6 months ago
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FSN E-Commerce Ventures (Nykaa) IPO was subscribed 82X at close on 01-November. Against the issue size of Rs.3.000 crore (net of anchor), Nykaa got bids of Rs.243,000 crore. While QIB portion was subscribed 92 times, the HNI portion was subscribed 112 times. Nyka is currently commanding a GMP of Rs.570 per share in the informal market. It is, after all, one of the few profit-making digital plays in India.

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