Nykaa Shares To Be Listed Today. How To Check Allotment Status

Shares of e-commerce magnificence big Nykaa – the nation’s first woman-led unicorn, can be listed immediately – November 10, after its preliminary public providing (IPO) concluded on November 1. The IPO of the buyer expertise platform was subscribed over 82 instances on the finish of the bidding course of. 

The IPO of FSN E-Commerce Ventures Restricted, Nykaa’s dad or mum firm – acquired bids for two,16,59,47,080 shares in opposition to 2,64,85,479 shares that have been on provide, and goals to lift Rs 5,351.92 crore by way of the problem.

Here is how one can test the standing of allotment on the web site of BSE or the registrar’s web site — Hyperlink Intime India.

Steps to test the standing of allotment by way of the BSE web site:

1. Log in to https://www.bseindia.com/investors/appli_check.aspx
2. Choose Nykaa IPO from the listing
3. Enter your software quantity
4. Present your PAN quantity
5. Confirm that you’re not a robotic and click on ‘submit’

Steps to test the standing of allotment by way of the registrar’s web site (Hyperlink Intime India):

1. Log in to https://www.linkintime.co.in/IPO/public-issues.html
2. Select ‘FSN E-Commerce Ventures Ltd’ from the drop-down listing
3. Choose one of many 3 modes — software quantity, shopper ID or PAN ID
4. In software kind, select between ASBA and non-ASBA
5. Then, submit particulars of the mode you selected earlier
6. Fill Captcha and click on ‘submit’

The sale of the shares was held between October 28 and November 1. The fairness shares are anticipated to be credited tomorrow – November 10. Nykaa is scheduled to be listed on inventory exchanges NSE and BSE on November 11, 2021.
 

What analysts say:

”Nykaa noticed a formidable response from the buyers the place the IPO was subscribed 81 instances. We anticipate Nykaa to get listed round 1600-1700 the place the present GMP is round Rs 650 in opposition to the problem worth of Rs 1,125 on the higher worth band.

Eyeing the not too long ago listed new edge enterprise and Nykaa’s development plan we anticipate the corporate to carry out significantly better. We advocate the buyers to remain invested within the IPO the place it may be a wealth creator within the subsequent 2-3 years,” stated Mr. Aayush Agrawal, Sr. Analysis Analyst – Service provider Banking, Swastika Investmart Restricted.