Mumbai: The initial public offer (IPO) of FSN E-Commerce Ventures, the parent of fashion and beauty e-commerce platform , was subscribed 4.82 times on Friday – the second day of the offer. The offer, which ends on Monday, received bids for 12.77 crore shares as against the 2.65 crore on offer, according to stock exchange data.
The retail individual investors category was subscribed 6.32 times. The non-institutional investors category was subscribed 4.17 times. The qualified institutional buyers’ category was subscribed 4.72 times.
The Rs 5,352-crore public offer was fully subscribed on its first day. The price band of the IPO is fixed at Rs 1,085-1,125 per share. An investor can bid for a minimum of 12 equity shares and in multiples thereof.
The IPO comprises a fresh issue of up to Rs 630 crore and an offer for sale of up to 4,19,72,660 shares.
At an adjusted earnings per share of Rs 2.54 on a post-issue basis, the stock could trade at a price to earnings ratio of 443.46 with a market cap of Rs 53,204 crore after listing.
