Nykaa's Market Capitalization Exceeds INR 1 lakh Crore; Lists on NSE at INR 2,018
Nykaa goes public at INR 2,018 with a 79 % premium and a market capitalization of INR 1 lakh crore.
FSN E-Commerce, Nykaa's parent business, had a blockbuster debut on Wednesday, with its shares going live on the stock markets at an almost 80 % premium.
Its shares were launched on the National Stock Exchange (NSE) at INR 2,018, up 79.37 percent from the issue price of INR 1,125. It was listed on the BSE for INR 2,001 per share.
It reached a high of INR 2,129 on both bourses, causing its market capitalization to surpass INR 1 Lakh Cr minutes after the stocks were launched.
However, shares have fallen from their highs, and as of 10.18 a.m., they were trading at INR 2,064.15, up INR 46.15 or 2.29% from their opening level of INR 2,018 on the NSE.
Its shares were trading at INR 2,050.40 on the BSE, up 2.47% from the exchange's initial public offering price of INR 2,001.
The company's market capitalization has dropped to INR 97,099 crore.
After the initial public offering, which took place between October 28 and November 1, was subscribed 81.78 times, the bumper listing was mostly on expected lines.
The sale received bids totaling about $32.53 billion at the top end of the IPO price band of INR 1,085 – INR 1,125.
At the high end of the IPO price band of INR 1,085 – INR 1,125, the auction received bids totalling around $32.53 billion.
The allocated component of the shares was subscribed 91.18 times by QIBs, while the retail portion was purchased 12 times.
The beauty and lifestyle startup raised approximately INR 2,395.84 crore before the IPO by distributing over 2.13 crore shares to 174 anchor investors, including Blackrock, Fidelity International, the Singapore government, and the Monetary Authority of Singapore.
A fresh issue of INR 630 crore and an offer for sale (OFS) of up to 41,972,660 shares were part of the above INR 5,000 crore IPO.
Nykaa has a market share of more than 18.5 percent in the online beauty and personal care industry (measured as revenue of FY20/TAM). By 2025, the online beauty and personal care business in India is expected to reach $5.4 billion. Other companies in this industry include Purplle, SUGAR Cosmetics, Pureplay, Mamaearth, and MyGlamm. MyGlamm joined the unicorn club a few days ago.
FSN E-Commerce, Nykaa's parent business, had a blockbuster debut on Wednesday, with its shares going live on the stock markets at an almost 80 % premium.
Its shares were launched on the National Stock Exchange (NSE) at INR 2,018, up 79.37 percent from the issue price of INR 1,125. It was listed on the BSE for INR 2,001 per share.
It reached a high of INR 2,129 on both bourses, causing its market capitalization to surpass INR 1 Lakh Cr minutes after the stocks were launched.
However, shares have fallen from their highs, and as of 10.18 a.m., they were trading at INR 2,064.15, up INR 46.15 or 2.29% from their opening level of INR 2,018 on the NSE.
Its shares were trading at INR 2,050.40 on the BSE, up 2.47% from the exchange's initial public offering price of INR 2,001.
The company's market capitalization has dropped to INR 97,099 crore.
After the initial public offering, which took place between October 28 and November 1, was subscribed 81.78 times, the bumper listing was mostly on expected lines.
The sale received bids totaling about $32.53 billion at the top end of the IPO price band of INR 1,085 – INR 1,125.
At the high end of the IPO price band of INR 1,085 – INR 1,125, the auction received bids totalling around $32.53 billion.
The allocated component of the shares was subscribed 91.18 times by QIBs, while the retail portion was purchased 12 times.
The beauty and lifestyle startup raised approximately INR 2,395.84 crore before the IPO by distributing over 2.13 crore shares to 174 anchor investors, including Blackrock, Fidelity International, the Singapore government, and the Monetary Authority of Singapore.
A fresh issue of INR 630 crore and an offer for sale (OFS) of up to 41,972,660 shares were part of the above INR 5,000 crore IPO.
Nykaa has a market share of more than 18.5 percent in the online beauty and personal care industry (measured as revenue of FY20/TAM). By 2025, the online beauty and personal care business in India is expected to reach $5.4 billion. Other companies in this industry include Purplle, SUGAR Cosmetics, Pureplay, Mamaearth, and MyGlamm. MyGlamm joined the unicorn club a few days ago.
