Nykaa IPO fully subscribed on day one; retail tranche booked 3.50x
Nykaa's Rs 5,350 crore IPO (price band Rs 1,085-1,125) was subscribed 1.55x overall on day one, led by retail at 3.50x. QIB portion booked 1.39x, NII 60%. Anchor round raised Rs 2,396 crore. Issue closes November 1 with a likely BSE/NSE debut on November 11, 2021.
Nykaa's IPO was fully subscribed on day one, with retail portion booked 3.50 times. The Rs 5,350 crore offer, priced Rs 1,085-1,125, closes November 1 with likely BSE/NSE debut November 11, 2021.
Why this matters
The strong IPO demand follows Nykaa's aggressive expansion, including taking over Kiehl's India operations in an exclusive L'Oréal Luxe deal, signaling investor confidence in its beauty retail scale.
Retail-company signals are accelerating, up +736500% QoQ.