Nyka’s great start in NSE

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Thetimesofcapital/10/11/2021/National desk : Nyka’s great start in NSE Shares of FSN E-commerce Ventures, the parent company of Nykaa NSE 84.88 %, made a stellar debut on Dalal Street on Wednesday.

The company’s shares were listed at Rs 2,001 on BSE on Wednesday, a hefty premium of 77.87 per cent over its issue price of Rs 1,125. On NSE, the scrip was listed at Rs 2018, a premium of 79.38 per cent.

Nyka’s great start in NSE Nykaa IPO was open for subscription from October 28-November 1 to raise Rs 5,352 crore from it.

Nyka’s great start in NSE Nyka’s name is on every Zumba, in such a situation, Nyka has taken a new mode by coming to NSE. Shares of FSN E-commerce Ventures, the parent company of Nykaa NSE 78.22 %, made a stellar debut on Dalal Street on Wednesday. The company’s shares were listed at Rs 2,001 on BSE on Wednesday, a hefty premium of 77.87 percent over its issue price of Rs 1,125. On NSE .

A day before listing, the counter was commanding a strong premium of Rs 800 per share in the grey market, which signalled a blockbuster listing for the new-age startup on the bourses.

Before listing, the stock was showing good signs and trying to live up to everyone’s expectations and as soon as the listing was done, Nykaa jumped with a good sign.

Nykaa IPO received bids of over 216.59 crore shares against the total issue size of over 2.64 crore shares, data available with the National Stock Exchange (NSE) showed.

Everyone was stunned by the blazing listing of Nykaa shares, the members of the company also jumped with joy.

Nyka’s great start in NSE The issue was subscribed 82 times, with the portion for qualified institutions bidders subscribed over 91 times, while non-institutional buyers’ quote received bids for 112 times. Retail bidders’ portion was subscribed over 12.24 times.

Nykaa is Indiaโ€™s biggest online marketplace for beauty, personal care and fashion brands. The company delivered 17.1 million orders in FY21 and operates 80 offline stores in 40 cities across India.

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