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Nykaa IPO versus Fino Payments Bank: Which issue should you pick this week?

Nykaa IPO opens for subscription today, while that of fintech company Fino Payments Bank will be available from tomorrow. Read on to know which of the two is a better investment bet

October 28, 2021 / 05:34 PM IST
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FSN E-Commerce Fashion Ventures, which operates online beauty, wellness and apparel platforms Nykaa and Nykaa Fashion, will open its initial public offering for subscription on October 28, while the bidding for fintech company Fino Payments Bank’s offer will start the next day. Experts largely prefer the IPO of the Nykaa operator over Fino Bank.

Among the reasons for opting for the Nykaa share sale, analysts cited a profitable entity in the ecommerce space, they listed it having a capital-efficient business model, good brand name recall, support from marquee investors, robust relationships with global brands, a loyal customer base, an omnichannel presence, a strong technology-led platform and an effective good management team.

In the case of Fino Payments Bank, it is the first such bank to get listed on the bourses, beating out Paytm. It became profitable in the fourth quarter of financial year 2020 and has been profitable in subsequent quarterly periods.

Nykaa is backed by founder and CEO Falguni Nayar, formerly managing director of Kotak Mahindra Capital Company, and private equity firm TPG.