Investors loved Nykaa's story for long-term ownership: Falguni Nayar, Founder & CEO
Nykaa IPO witnessed a bumper listing with a premium of nearly 83%.
FSN Ecommerce Ventures, the parent of e-commerce beauty giant, Nykaa made a stellar stock market debut on Wednesday as shares were listed on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE).
Nykaa IPO witnessed a bumper listing with a premium of nearly 83%. Nykaa stock listed above Rs 2050. As a result, the m-cap has reached above Rs 1 lakh crore.
Talking on the listing, Zee Business Senior Special Correspondent Anurag Shah spoke to Falguni Nayar, Founder and CEO of FSN Ecommerce Ventures (Nykaa).
"When we planned the IPO, we met a lot of investors globally and saw a high-quality interest among the investors. After listing also, we planned to keep the momentum going. And today is the validation of that," she said.
Nair added that investors loved the Nykaa's story for long-term ownership. This is a great moment for us as we have put in a lot of hard work in this, and will continue to grow the company.
But, today is the validation of this story that investors have liked the company's strategy and business model, she further added.
#Nykaa की 83% के प्रीमियम पर बंपर लिस्टिंग!
Nykaa का शेयर ₹2050 के ऊपर लिस्ट...
देखिए दमदार लिस्टिंग कंपनी की MD फाल्गुनी नायर से अनुराग
शाह की खास बातचीत...#NykaaListing | #NykaaIPO | @MyNykaa | @anuragshah_ pic.twitter.com/8AvpVDL90v— Zee Business (@ZeeBusiness) November 10, 2021
Talking about the company's future plans, she added e-commerce is in its early days. If you will see the penetration of beauty e-commerce is only 8%, and fashion is 12%. Moving ahead, customers will keep coming in e-commerce. So, company like us should focus on customer acquisitions. And we will keep doing customer acquisitions. Also, we pivot on CRM, where we focus on the existing customers relationships.
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With 80-85 stores currently, we are also planning to open new stores in top 100 cities of the country. We have also raised capital to open new stores in IPO. Some new stores could not open due to the Covid-19 pandemic.
The company's growth was good due to inventory model. Beauty fashion, along with the brand on fashion, retailers are also joining the business.
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