NYKAA IPO: IPO to open Today, know whether or not you should subscribe to the issue?

NYKAA IPO: The IPO of Rs 5,352 crores of FSN E-Commerce Ventures, which possessed proprietary rights on Nayaka is opening today.

The price band of NYKAA’s issue is 1085-1125 per share. Accordingly, the company’s valuation is Rs 52,574 crore. The company will raise Rs 5,352 crores from IPO. It has a fresh issue of Rs 630 crore. While shares of Rs 4,197 crore will be sold in offers for sale.

What to do investor?

Most brokerage houses are concerned about the issue of NYKAA and they are advising to buy it. Although Marwadi Shares and Finance has advised investing investors and invest. The brokerage firm has given the “Subscribe With Caution” rating to the NYKAA issue.

On the basis of the last 12 months in June 2021, the company’s adjusted EPS is 2.54 rupees. According to the issue price, the listing of NYKAA will be at 443.45 p / e and its market cap will be Rs 53,204 crore.

The brokerage firm has written in its report, “The company is the Leading Life Style Focus Consumer Technology Platform. It offers luxury and well-known brands for consumers and brands. However, the valuation of the company was decided on the basis of its earlier financial status. Therefore, investors should invest in it with caution. “

About NYKAA HEM Securities says that there is a big chance near Nykaa in Beauty and Personal Care Market. By 2025, the growth of NYKAA will be at a rate of 12% annually. Along with this, the company has achieved better growth without a discount or discount.

The brokerage firm has said that due to the strong management team of NYKAA, the scope of work, the company has made itself like an industry due to a better chance in profit growth and the beauty market. In such a case, Hem Securities has advised buying the issue of Nykaa.

Rs. 2400 crores mobilized with anchor investors

One day before the opening issue, NYKAA has raised Rs 2400 crore from Anchor Investors. NYKAA had reserved as much portion for anchor investors, anchor investors had bid 40 times more than him.

Nayak’s parent company FSN E-Commerce Ventures had reserved a stock of Rs 2,400 crore for anchor investors. The biggest bid investment firm for these shares made BlackRock Capital Group and Asset Manager Fidelity. Apart from this, many large global institutional investors, including the Canadian’s largest pension fund manager CPPIB and Singapore’s Sovereign Wealth Fund GIC participated in this bid.