The IPO of Nykaa-parent FSN E-Commerce Ventures was subscribed 4.8 times on the second day of issue. Investors made bids for over 12.7 crore equity shares against the total issue size of over two crore equity shares, NSE data revealed. The IPO was subscribed 1.55 times on the first day. Nykaa aims to raise over ₹5,350 crore through the IPO.