Nykaa makes a powerful debut, lists at over 79% premium above difficulty value

Nykaa share value: Shares of FSN E-Commerce Ventures, which operates the web magnificence e-commerce platform Nykaa, made a powerful debut and acquired listed at a premium of over 79 per cent above their difficulty value within the inventory exchanges as we speak.
The scrip acquired listed at Rs 2018 apiece on the National Stock Exchange (NSE), thereby registering a acquire of 79.38 per cent from its provide value of Rs 1,125, whereas on the BSE, it opened at Rs 2001, up 77.87 per cent from the difficulty value.
The inventory continued its momentum and inched additional up in preliminary offers touching an intraday excessive of Rs 2,129.00 on BSE and NSE to date in the course of the first jiffy of commerce. The market capitalisation (m-cap) of the corporate additionally breached the Rs 1 lakh crore mark within the course of.
At 10:10 am, the scrip was buying and selling at Rs 2,037.95 on the BSE, up 81.15 per cent from the difficulty value whereas on NSE it was buying and selling at Rs 2,040.00. The m-cap was at Rs 96,380.20 crore, knowledge from the BSE confirmed.
The Rs 5,352 crore preliminary public providing (IPO) of the web magnificence e-commerce platform was subscribed 81.78 instances throughout its provide interval from October 28-November 1, 2021.
The Nykaa IPO comprised of a recent difficulty of fairness shares price Rs 630 crore and a proposal on the market (OFS) of 41,972,660 fairness shares by the promoter and present shareholders.
FSN E-Commerce Ventures, based in 2012 by Falguni Nayar – a former funding banker turned entrepreneur, is a digitally native client know-how platform, delivering a content-led, way of life retail expertise to customers.