Nykaa makes a strong debut, lists at over 79% premium above issue price

The stock continued its momentum and inched further up in the intraday trade touching a high of Rs 2,248.10 on BSE and Rs 2,248.00 on the NSE. The market capitalisation (m-cap) of the company also breached the Rs 1 lakh crore mark in the process.

The scrip eventually ended at Rs 2,206.70 on the BSE, up 96.15 per cent from the issue price while on NSE it settled at Rs 2,208.00. The m-cap at the end of the first day stood at Rs 1,04,360.85 crore, data from the BSE showed.

Over 3.43 crore (3,43,24,631) shares of Nykaa were traded on the first day on NSE while over 16.21 lakh (16,21,322) shares exchanged hands on the BSE, data from the respective stock exchange showed.

The Rs 5,352 crore initial public offering (IPO) of the online beauty e-commerce platform was subscribed 81.78 times during its offer period from October 28-November 1, 2021.

The Nykaa IPO comprised of a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by the promoter and existing shareholders.

FSN E-Commerce Ventures, founded in 2012 by Falguni Nayar – a former investment banker turned entrepreneur, is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers.

Nayar, who owns about half of Nykaa, is now worth about $6.5 billion post the listing of shares today. She’s become India’s wealthiest self-made female billionaire, according to the Bloomberg Billionaires Index.