Nykaa Makes a Debut of Market Capitalisation of ₹1 Lakh Crore

Nykaa Makes a Debut of Market Capitalisation of ₹1 Lakh Crore

Nykaa Makes a Debut of Market Capitalisation of ₹1 Lakh Crore

Nykaa is only one of the leading one beauty and skin care retailers, selling lifestyle and enhanced body care products to its consumers. 

It crossed the market capitalization of ₹1 lakh crore during its market debut today with a splendid listing at both Bombay Stock Exchange and National Stock Exchange. 

Nyaka shares opened for trading stood at ₹2,018 on the NSE, upto 79 percent higher than the issue price of ₹1,125 per share. 

At BSE, stock trading stood at a shre price of ₹2,001, about 78 percent than its issue price.

The shares of FSN, parent company of Nykaa stood ₹2,129 on NSE with an 89 percent hit. 

A retail investor can set trading for a minimum of 12 shares or 1 lot in the IPO for which Rs 13,500 needs to be the allocated fund. One could apply for a maximum of 14 lots, comprising 168 shares for which bids worth Rs 1,89,000 will have to be shared for trading. 

The company assigned shares on November 8.

Falguni Nayar, Sanjay Nayar, Falguni Nayar Family Trust And Sanjay Nayar Family Trust are working for promotions for the company.

Post the IPO, their post has fallen to 52.56 per cent from the pre-issue 54.26 per cent. Kotak Mahindra Capital, Morgan Stanley India, Bank of America Securities, Citigroup Global Markets India, ICICI Securities and JM Financial were the merchant bankers to the issue.

At 10:55 am, the stock assent was trading at Rs 2029 against the issue price of Rs 1,125. The market cap of the firm stood at Rs 95,878 crore on BSE.
 

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