Nykaa makes strong debut on bourses, opens at Rs 2,001 per share on BSE
Nykaa shares were listed on the Bombay Stock Exchange at Rs 2,001 per share while the Shares of Nykaa opened at a premium of 79% at Rs 2,018 per share on the NSE as against issue price of Rs 1,125 per share.
Nykaa operator FSN E-Commerce Ventures IPO made a strong debut on bourses on Wednesday. Nykaa shares were listed on the Bombay Stock Exchange at Rs 2,001 per share while the Shares of Nykaa opened at a premium of 79% at Rs 2,018 per share on the NSE as against issue price of Rs 1,125 per share.
See Zee Business Live TV Streaming Below:
Earlier, Nykaa initial public offering (IPO) was subscribed 82 times on the last of the subscription on November 1, 2021. Of 2,64,85,479 shares on sale, a bidding for whooping 2,16,58,63,836 shares or 81.78 times were made on the final day of the subscription.
The NSE Bell has been rung in celebration of the FSN E-Commerce Ventures Limited (@MyNykaa) listing on the Exchange! #NSE #Listing #NYKAA pic.twitter.com/fkHWkrUDcI
— NSEIndia (@NSEIndia) November 10, 2021
The IPO saw maximum traction from Non-Institutional Investors (NIs). The three-day IPO of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, had opened on October 28.
कहां होगी #Nykaa की लिस्टिंग?
क्या दोगुना हो जाएगा Nykaa का शेयर?
जानिए अनिल सिंघवी से#EditorsTake | #IPOToInvest | #IPOAlert | #listings
#AnilSinghvi | @AnilSinghvi_ pic.twitter.com/SCBazT7cGx— Zee Business (@ZeeBusiness) November 10, 2021
Talking about the stock market movement today, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said today's trading activity in the market is likely to be dominated by the listing and trading in Nykaa.
"Investors should not be carried away by the exuberance in the IPO market where IPOs are made at a huge premium. Even in this highly-valued market, there are some high-quality stocks available at reasonable valuations. For instance, in financial services and health care. Investors may look at such tried and tested names rather than chasing high priced IPOs driven by expectations," he said.
The Rs 5,352-crore public issue comprises fresh stock and an offer for sale. The price band for this IPO has been kept at Rs 1,085-1,125 per share.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
01:34 PM IST
Post strong market debut, Nykaa plans massive offline expansion, targets 100 cities for stores 
Nykaa cools off after stellar debut; what should investors do – time to buy or book profits?
Investors loved Nykaa's story for long-term ownership: Falguni Nayar, Founder & CEO
Nykaa shares surge 99% on issue price to Rs 2,235 after stellar debut on bourses
NYKAA bumper debut! Is it time for retail investors to add some beauty to their portfolio?