FSN Ecommerce Ventures IPO
FSN Ecommerce Ventures Limited (NYKAA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 10 November 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +53.8% (likely range +33% to +87%), day's high +77.2%, chance of a gain 97%. Actual: +79.4% at the open, +99.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | — | — | 91.2x | |
| NII (HNI) total | — | — | 112x | |
| Retail | — | — | 12.2x | |
| Employees | — | — | 1.88x | |
| Total | — | — | 81.8x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 2% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to FSN Ecommerce Ventures's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Ami OrganicsSep 2021 | 86.6x | 155x | 13.4x | 64.5x | ₹569 Cr | +49.2% | +58.5% |
| Route MobileSep 2020 | 89.8x | 193x | 12.7x | 73.3x | ₹609 Cr | +104.9% | +110.0% |
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
| RITESJun 2018 | 71.7x | 195x | 15.7x | 67.2x | ₹799 Cr | +2.7% | +21.4% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| Affle IndiaJul 2019 | 55.3x | 199x | 11.0x | 86.5x | ₹457 Cr | +24.3% | +28.7% |
Offer documents (NSE)
Frequently asked
What is the FSN Ecommerce Ventures IPO price band and lot size? ₹1,085–1,125 per share, with a lot of 12 shares, so the smallest retail bid is ₹13,500.
How many times has it been subscribed? 81.8x overall: QIB 91.2x, NII 112x, retail 12.2x, employees 1.88x.
How did it list? It opened at ₹2,018, +79.4% against the issue price of ₹1,125, and closed its first day +96.1%.
