News > Nykaa IPO subscribed over 80 times, retail segment 12.2 times

Nykaa IPO subscribed over 80 times, retail segment 12.2 times

02/11/2021 09:10 AM | Click to read full article

The initial public offering (IPO) of FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products Nykaa, was subscribed more than 82 times at the end of the final day of bidding.

Ahead of its IPO, Nykaa raised ₹2,396 crores from anchor investors. The issue was fully subscribed on the first day of the sale.