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Nykaa Ipo Share assignment probably today.  Here’s how to check the status

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Nykaa Ipo Share assignment probably today. Here’s how to check the status

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The share allocation of FSN E-Commerce Ventures, the owner of Nykaa, is expected to take place on Monday, November 8. The company, which runs an online marketplace for beauty and wellness products, received a strong response from investors, having subscribed more than 82 times on the last day of the bidding.

The IPO that took place between October 28 and November 1 had set the price band at Rs 1,081-1,125 per share. Investors can check the status of the award at the Issue Registrar Link Intime, as well as at BSE.

The status will only appear if the details are entered correctly. In the event of non-award, the blocked amount will be refunded to your bank account.

Here’s how you can check the status of the assignment:

Through the registrar’s website – Linkintime

2) Select the IPO name from the drop-down menu

3) Enter the application number or DP ID / Client ID or PAN

4) In the case of the application number, select the type of application (ASBA or NON-ASBA) and ‘Enter application number’. In the case of DPID / Client ID, select Custodian “NSDL or CDSL” and enter “DP ID / Client ID”.

5) Enter ‘Captcha’ and send

About BSE:

2) Select ‘Equity’ and then from the drop-down menu, select the name of the problem

3) Enter your application number and PAN card number

4) Click the “Search” button

Nykaa’s shares are expected to trade on Thursday on the two major exchanges: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The issue received strong investor response and was oversubscribed 82 times on the last day of the tender. The portion reserved for retail investors was subscribed 12 times, while that of non-institutional investors was subscribed 92 times, according to subscription data available on the exchanges. Qualified institutional buyers subscribed 92 times their reserved share.
Nykaa’s public issue consisted of a new share issue worth Rs 630 crore and a sell offer worth Rs 4,721 crore. Before its IPO, the company had raised more than Rs 2,300 from anchor investors.
The company aims to use these funds for expansion, establishing new retail stores and warehouses. You also plan to pay off your debt, which could lower your interest costs and offshore profitability.

First published: IST

Nykaa Ipo Share assignment probably today. Here’s how to check the status

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