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

Nykaa IPO Listing Today Live Updates, Nykaa Share Price details: The scrip of FSN E-Commerce Ventures, which operates the online beauty e-commerce platform Nykaa, got listed at Rs 2,018 apiece on the National Stock Exchange (NSE), thereby registering a gain of 79.38 per cent from its offer price of Rs 1,125.00.

By: Express Web Desk | New Delhi |
Updated: November 10, 2021 7:11:22 pm
Nykaa IPO Listing Details, Nykaa IPO Latest news todayThe IPO comprises a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by promoter and existing shareholders (Image: Facebook/MyNykaa)

Nykaa Shares Listing Today Live News: Shares of FSN E-Commerce Ventures, which operates the online beauty e-commerce platform Nykaa, made a strong debut and got listed at a premium of over 79 per cent above their issue price in the stock exchanges today.

The scrip got listed at Rs 2018 apiece on the National Stock Exchange (NSE), thereby registering a gain of 79.38 per cent from its offer price of Rs 1,125, while on the BSE, it opened at Rs 2001, up 77.87 per cent from the 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.

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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.

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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.

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First published on: 10-11-2021 at 10:00:22 am

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