The Rs 5,352 crore IPO received bids for 2,16,59,47,080 shares against 2,64,85,479 shares on offer, according to data available with the NSE, translating into a subscription of 81.78 times.
The IPO of FSN E-Commerce Ventures had a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 4,19,72,660 equity shares by the promoter and existing shareholders.
According to the draft papers, the company plans to use the proceeds from the IPO for expansion, by setting up new retail stores and establishing new warehouses.
It also plans to retire some of its debt, which should bring down interest costs and further shore up its profitability.
In addition, the company is planning to deploy the proceeds of the IPO for marketing and promotional activities, to focus on strengthening its 13 owned brands such as Nykaa Cosmetics, Nykaa Naturals and Kay Beauty along with establishing and promoting new brands.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
1) Visit – https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select FSN E-Commerce Ventures Limited from the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’, and hit submit.
You can also check the allotment status on the online portal of
Link Intime India Private Limited, the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such. It electronically processes all applications and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading refunds, and attending to all investor-related queries after the issue is completed.
To check IPO allotment details at Link Intime India, follow these steps:
1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit
Bidders who could not get allotment in the IPO may see the initialisation of refunds on November 9. Others, who would be allotted shares may see the credit of shares in the Demat account by November 10. The listing of the IPO is likely on November 11.
