NEW DELHI: TPG-backed FSN E-commerce Ventures (Nykaa) is all set to hit the primary market with its Rs 5,352 crore IPO on Thursday. The IPO will be a mix of a fresh issue and an offer for sale (OFS).
The company will utilize net proceeds from the fresh issue for establishing new retail stores. The remaining portion will be considered for repayment of debt and enhancing the brand visibility.
Here are key things you should know about the Rs 5,352-crore issue:
- When will FSN E-commerce Ventures or Nykaa IPO open for subscription?
FSN E-commerce Ventures’ IPO will open for subscription on Thursday, October 28, and will close on Monday, November 1. - What is the price band of FSN E-commerce Ventures IPO?
The price band of FSN E-commerce Ventures IPO has been fixed at Rs 1,085-1,125. - What is the lot size of FSN E-commerce Ventures IPO?
Investors can subscribe to FSN E-commerce Ventures IPO by betting for a lot of 12 shares or in multiples thereof. At the upper range of price band, one lot of the IPO is worth Rs 13,500. A retail bidder can bid for a maximum of 14 lots. - What does FSN E-commerce Ventures do?
Incorporated in 2012, FSN E-commerce Venture is the parent company of Nykaa and Nykaa Fashion. Nykaa is a digital consumer technology platform, delivering a content-led, lifestyle retail experience. It has a diverse portfolio of beauty, personal care and fashion products, including its own brands.The company runs the beauty and personal care segment through the Nykaa vertical. Its apparel and accessories vertical is operated through Nykaa Fashion.It also operates an offline channel, comprising 80 stores across 40 cities in India in three different store formats, as of August 2021. - What is the issue size of FSN E-commerce Ventures IPO?
The issue comprises a fresh issue worth Rs 630 crore and an offer for sale of up to 4,18,72,660 shares worth Rs 4,721.92 crore. At the upper end of the price band, the issue size stands at Rs 5,351.92 crore. - Who are the investors participating in the offer for sale of FSN E-commerce Ventures IPO?
Promoter Sanjay Nayar Family Trust will sell up to 48 lakh equity shares through OFS, and investors TPG Growth IV SF Pte Ltd and Lighthouse India Fund III will offload 54.21 lakh equity shares and 48.44 lakh equity shares, respectively.Among other investors, Yogesh Agencies & Investments Pvt Ltd, will sell 25.38 lakh equity shares and JM Financial and Investment Consultancy Services will offload 9.14 lakh equity shares. - What is the quota reserved for retail investors in FSN E-commerce Ventures IPO?
The quota for retail investors in FSN E-commerce Ventures IPO is fixed at 10 per cent of the net offer. QIB quota is fixed at 75 per cent while for NII, the quota is reserved at 15 per cent. - Is there any quota reserved for employees of the company in FSN E-commerce Ventures IPO?
The company has reserved 2.5 lakh equity shares of the total issue size for employees. - When will the basis of allotment be finalised for FSN E-commerce Ventures IPO?
The finalisation of the basis of allotment is likely by November 8 and the initialisation of refunds is likely by November 9. Meanwhile, credit of shares in the demat account is likely by November 10. - On which date will FSN E-commerce Ventures IPO list?
FSN E-commerce Ventures will make its market debut on November 11. - Where could we check FSN E-commerce Ventures IPO allotment status?
Those who would bid for the issue can check the subscription status on the online portal of Link Intime India Private Ltd, the registrar to the IPO. - Who are the leading book managers to the issue?
Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, Citigroup Global Markets India, ICICI Securities, and JM Financial are the merchant bankers to the issue. - How has FSN E-commerce Ventures performed last year?
Nykaa recorded a 38.10 percent growth in revenue from operations at Rs 2,440.89 crore in FY21, compared to the previous year. It clocked a profit of Rs 61.95 crore for FY21 against a loss of Rs 16.34 crore the previous year.It generated EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs 161.43 crore and margin of 6.61 percent for FY21.During the quarter that ended in June 2021, it clocked revenues of Rs 816.99 crore with a bottomline of Rs 3.52 crore.
