All that you should know about the Company before applying for the IPO..
The public issue of equity shares of FSN E-Commerce Ventures Limited will open for subscription on October 28, 2021 and closes on November 01, 2021. It is expected to list on the stock exchanges on November 11, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
Incorporated in 2012, The Company is a lifestyle products retail platform with omnichannel presence serving customers via online and offline channels. The Company has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by the Company itself, such as Nykaa Cosmetics, Nykaa Naturals and Kay Beauty.
The Company has 2 business verticals –
The online channels include mobile applications, websites and mobile sites – the Company has cumulative downloads of 55.8 million across all its mobile applications. Its offline channel comprises of 80 physical stores across 40 cities in India over 3 different store formats – Nykaa Luxe, Nykaa On-Trend, and Nykaa Kiosks.
Falguni Nayar, Sanjay Nayar, Falguni Nayar Family Trust and Sanjay Nayar Family Trust
Some of the key strengths of the Company are listed below.
There are no listed peers in India
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects –
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
|IPO Size||₹ 5351.92 Crore*|
|Offer Mix||Fresh Issue ₹ 630 Crore + Offer For Sale ₹ 4721.92 Crore|
|Price Band||₹ 1085 - ₹ 1125|
|Lot Size||12 Shares (& in multiples thereof)|
|Face Value||₹ 1|
|Application Amount||Min. ₹ 13,500 (1 lot) | Max. ₹ 1,89,000 (14 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||Link Intime India Private Limited|
|Discount||₹ 100 per equity share for Eligible Employees Category only|
|Cut-off time for UPI Mandate Confirmation||02-Nov-2021 (up to 12:00 PM)|
₹ 3992.84 Crore
(75% of Net Issue Size)
₹ 798.57 Crore
(15% of Net Issue Size)
₹ 532.38 Crore
(10% of Net Issue Size)
|Employee Reservation Portion||
₹ 28.13 Crore
(2,50,000 Equity Shares)
|IPO Opens||October 28, 2021|
|IPO Closes||November 01, 2021|
|Finalization of the basis of allotment||November 08, 2021|
|Unblocking of funds / Initiation of refunds||November 09, 2021|
|Credit of equity shares to Demat accounts||November 10, 2021|
|Listing of equity shares||November 11, 2021|
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