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NYKAA and FINO Payment Bank IPO



Two company's initial public offerings (IPOs) will be available for subscription in the last week of September.


The first is FSN E-Commerce Ventures Limited, which operates Nykaa, an online marketplace for lifestyle and cosmetic items. It will be available for subscription on October 28. Fino Payments Bank, the second, will begin accepting subscriptions on October 29.


IPO of NYKAA


When Nykaa's public issue opens  it is largely expected to do well. Nykaa's Rs 5,352 crore initial public offering (IPO) has a price band of Rs 1,085-1,125 per share.


After the IPO, the stock markets are expected to list on November 11. Kotak Mahindra Capital, Morgan Stanley India, Bofa Securities, Citigroup Global Markets India, ICICI Securities, and JM Financial are the issue's principal book running managers.


Nykaa is a significant player in the online beauty aggregator industry, thus most investors and experts are hopeful about the IPO. Falguni Nayar, an investment banker, launched it in 2012.


FINO PAYMENTS BANK INITIAL PUBLIC OFFERING


Fino Payments Bank is the other IPO that will be available for subscription this week. Subscriptions for the public issue will start on October 29 and finish on November 2.


The IPO consists of a new issue of equity shares worth Rs 300 crore and an offer for sale by promoter Fino Paytech of 15,602,999 equity shares.


Fino Payments Bank is a scheduled commercial bank focused to providing digital financial services to the expanding Indian market.


Investors in the payments bank include Blackstone, Bharat Petroleum, IFC, and ICICI Group, among others.


The IPO proceeds will be utilised to increase the bank's tier-1 capital base in order to satisfy future capital needs. The anticipated exchange listing date is November 12.


Investors will have until November 1 to subscribe to the IPO. The IPO consists of a new issue of equity shares for Rs 630 crore and a promoter and existing shareholder offer for sale (OFS) of 41,972,660 equity shares.

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