Nykaa, the extensively identified title for Falguni Nayar-promoted FSN E-Commerce Ventures, noticed bumper demand from traders on its debut day of November 10, because the inventory doubled regardless of volatility available in the market, backed by robust IPO subscription demand and superior administration workforce together with robust model and financials.
The inventory rallied by Rs 1,081.70 or 96.15 % to shut at Rs 2,206.70 towards concern worth of Rs 1,125 on the BSE, and on the National Stock Exchange, it shot up 96 % to Rs 2,205.80. It traded with quantity of three.59 crore fairness shares.
FSN E-Commerce crossed Rs 1 lakh crore market cap, at Rs 1,04,360.85 crore, on the itemizing day itself, whereas the identical at a day’s excessive worth of Rs 2,248.10 stood at Rs 1.06 lakh crore.
The inventory opened at Rs 2,001, a 79 % premium over concern worth, which was a lot increased than analysts’ expectations and gray market premium.
“Nykaa made a bumper listing today. It is among the rare lucrative new edge businesses. Furthermore, it is a high-growth company and into the right business where it may remain to grow in double digits for many years. We are bullish on this counter and see it as a good bet for the long term,” mentioned Rahul Sharma, Co-Founder at Equity99.
Sneha Poddar, AVP Retail Research at Motilal Oswal Financial Services, additionally mentioned they appreciated Nykaa given its management place in on-line BPC market, buyer centric method, worthwhile tech platform and capital environment friendly enterprise mannequin.
The Rs 5,352-crore public concern of Nykaa had acquired robust demand from traders, subscribing 81.78 occasions throughout October 28-November 1. The firm will utilise web recent concern proceeds (of Rs 630 crore) for enlargement, debt reimbursement and model consciousness, whereas the supply on the market cash of Rs 4,722 crore was acquired by promoting shareholders together with promoter and traders.
Brand Nykaa, based and promoted by banker-turned-businesswoman Falguni Nayar, operates magnificence & private care (BPC) phase, and Nykaa Fashion offers in attire & equipment by way of on-line in addition to offline channels.
It is likely one of the few worthwhile new age companies, having a revenue of Rs 61.95 crore in FY21 towards a lack of Rs 16.34 crore in FY20. It had reported a 38.10 % progress in income at Rs 2,440.89 crore for the monetary yr FY21, in comparison with the earlier yr.
“It is one of the very few profitable new-age company and is the first women led unicorn which also attracted lot of investor interest. Apart from leadership in online BPC in India, Nykaa is also one of the fastest growing fashion platforms in India based on GMV (gross merchandise value). Given 35 percent market share of Nykaa in online BPC, we believe Nykaa is rightly placed to tap the high growth digital/online penetration in BPC/Fashion market,” mentioned Sneha Poddar.
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Nykaa Shares Listing Today Live News: Shares of FSN E-Commerce Ventures, which operates the net magnificence e-commerce platform Nykaa, made a robust debut and received listed at a premium of over 79 per cent above their concern worth within the inventory exchanges at present.
The scrip received listed at Rs 2018 apiece on the National Stock Exchange (NSE), thereby registering a acquire of 79.38 per cent from its supply worth of Rs 1,125, whereas on the BSE, it opened at Rs 2001, up 77.87 per cent from the difficulty worth.
The inventory continued its momentum and inched additional up within the intraday commerce touching a excessive of Rs 2,248.10 on BSE and Rs 2,248.00 on the NSE. The market capitalisation (m-cap) of the corporate additionally breached the Rs 1 lakh crore mark within the course of.
The scrip finally ended at Rs 2,206.70 on the BSE, up 96.15 per cent from the difficulty worth whereas on NSE it settled at Rs 2,208.00. The m-cap on the finish of the primary day stood at Rs 1,04,360.85 crore, knowledge from the BSE confirmed.
Over 3.43 crore (3,43,24,631) shares of Nykaa have been traded on the primary day on NSE whereas over 16.21 lakh (16,21,322) shares exchanged arms on the BSE, knowledge from the respective inventory alternate confirmed.
The Rs 5,352 crore preliminary public providing (IPO) of the net magnificence e-commerce platform was subscribed 81.78 occasions throughout its supply interval from October 28-November 1, 2021.
The Nykaa IPO comprised of a recent concern of fairness shares value Rs 630 crore and a proposal on the market (OFS) of 41,972,660 fairness shares by the promoter and current shareholders.
FSN E-Commerce Ventures, based in 2012 by Falguni Nayar – a former funding banker turned entrepreneur, is a digitally native shopper expertise platform, delivering a content-led, way of life retail expertise to customers.
Nayar, who owns about half of Nykaa, is now value about $6.5 billion put up the itemizing of shares at present. She’s develop into India’s wealthiest self-made feminine billionaire, in accordance with the Bloomberg Billionaires Index.
Nykaa Shares Listing Today Live News: Shares of FSN E-Commerce Ventures, which operates the net magnificence e-commerce platform Nykaa, made a robust debut and received listed at a premium of over 79 per cent above their concern worth within the inventory exchanges at present.
The scrip received listed at Rs 2018 apiece on the National Stock Exchange (NSE), thereby registering a acquire of 79.38 per cent from its supply worth of Rs 1,125, whereas on the BSE, it opened at Rs 2001, up 77.87 per cent from the difficulty worth.
The inventory continued its momentum and inched additional up within the intraday commerce touching a excessive of Rs 2,248.10 on BSE and Rs 2,248.00 on the NSE. The market capitalisation (m-cap) of the corporate additionally breached the Rs 1 lakh crore mark within the course of.
The scrip finally ended at Rs 2,206.70 on the BSE, up 96.15 per cent from the difficulty worth whereas on NSE it settled at Rs 2,208.00. The m-cap on the finish of the primary day stood at Rs 1,04,360.85 crore, knowledge from the BSE confirmed.
Over 3.43 crore (3,43,24,631) shares of Nykaa have been traded on the primary day on NSE whereas over 16.21 lakh (16,21,322) shares exchanged arms on the BSE, knowledge from the respective inventory alternate confirmed.
The Rs 5,352 crore preliminary public providing (IPO) of the net magnificence e-commerce platform was subscribed 81.78 occasions throughout its supply interval from October 28-November 1, 2021.
The Nykaa IPO comprised of a recent concern of fairness shares value Rs 630 crore and a proposal on the market (OFS) of 41,972,660 fairness shares by the promoter and current shareholders.
FSN E-Commerce Ventures, based in 2012 by Falguni Nayar – a former funding banker turned entrepreneur, is a digitally native shopper expertise platform, delivering a content-led, way of life retail expertise to customers.
Nayar, who owns about half of Nykaa, is now value about $6.5 billion put up the itemizing of shares at present. She’s develop into India’s wealthiest self-made feminine billionaire, in accordance with the Bloomberg Billionaires Index.
