Nykaa Shares Will Be Allotted Today: IPO Launched On 28th Oct

Nykaa shares will be allotted today: Nykaa Shares Allocation Status.

The allotment of shares for those investing in the Initial Public Offer (IPO) of online fashion and beauty product company Nykaa will be done today i.e. on November 9.

Nykaa’s IPO opened for subscription on 28 October and closed on 1 November.

In this IPO of Nykaa, 41,972,660 shares were sold (OFS) by the promoter and existing shareholders with a fresh issue of equity shares of 630 crores.

The company can get its shares listed on BSE and NSE on November 11.

Nykaa’s IPO received a 100% subscription on the very first day of IPO launch. The company had fixed a price band of Rs 1,085-1,125 per share for its offer.

Earlier, Nykaa had raised Rs 2,396 crore through its anchor investors.

The Singapore government, Goldman Sachs, JP Morgan, Fidelity Investment Fund, and other investors also participated in the round.

Anand Mahindra shared a video of a monk taking Dakshina from UPI, digital payment is growing rapidly in the country

The country’s renowned industrialist Anand Mahindra has shared a video of a man making digital payments to a monk using India’s home payment interface UPI from his official Twitter account.

Along with this, the chairman of Mahindra Group has also written in his tweet that, “Do you need any more proof of conversion to digital payments on a large scale in India?”

By looking at the video tweeted by Anand Mahindra, it can be gauged that the trend of digital or UPI-based transactions has increased very fast in the country.

According to the video, people dependent on cash or cash transactions are also now turning to UPI.

Digital payments are expanding across the country with increased access to the Internet and increased use of smartphones.

Its impact can be clearly seen on our financial transactions as well. With the availability of digital and online payment options, financial transactions have become much easier and faster.

At present, there are many financial apps that support UPI, using which we can easily handle money transactions, shopping, bill payments in a matter of seconds.

Along with this, there has been a significant increase in the number of users using UPI-based platforms and also in transactions through it.

At present, there is hardly any person who does not use UPI-based facilities.