Nykaa's Rs 5,352 cr IPO subscribed 5x; Fino Payments Bank garners 51%

Brokerages bullish on Nykaa given the firm's high growth potential

The initial public offering (IPO) of FSN Ecommerce Ventures, operator of online beauty startup Nykaa, was subscribed nearly five times on Friday. The issue IPO closes on Monday. The institutional investor category has so far garnered 4.8 times subscription; retail quota was subscribed 6.3 times subscribed. High networth individual (HNI) portion was subscribed 4.2 times.

On Wednesday, the company allotted shares worth Rs 2,396 crore to 174 anchor investors at the upper price band of Rs 1,125 per share. At the top-end, Nykaa is valued at Rs 53,200 crore ($7 billion).

Blackrock, Capital Group, Fidelity, Government of Singapore, SBI Mutual