Nykaa makes a stellar debut, stock lists at 79% premium

Nykaa makes a stellar debut, stock lists at 79% premium

FSN E-Commerce Ventures, the operator of Nykaa and Nykaa Fashion chain, made a bumper debut as the stock listed with a massive 79% premium on November 10.
The share opened at Rs 2,001 on the BSE, while the listing price on the National Stock Exchange was Rs 2,018.
The Rs 5,352-crore public issue saw a huge demand and was subscribed 81.78 times during the October 28-November 1 period, receiving bids for 216.59 crore equity shares against the offer size of 2.64 crore shares.
Qualified institutional buyers and non-institutional investors showed strong interest in the offer, as their reserved portion was subscribed 91.18 times and 112.02 times, respectively. The shares set aside for retail investors were subscribed 12.24 times and that of employees 1.88 times.

FSN E-Commerce Ventures, a digital native consumer technology platform, is promoted by banker-turned-businesswoman Falguni Nayar and backed by private equity firm TPG Group.
The company runs beauty and personal care business under the Nykaa vertical, where it has a leading position and apparel and accessories business under the Nykaa Fashion vertical. It also operates an offline channel, comprising 80 stores across 40 cities in India in three different store formats, as of August 2021.
The Indian beauty and personal care (BPC) market is estimated to grow at approximately Rs 2 lakh crore by 2025 from Rs 1.1 lakh crore in 2020, and the Indian fashion market is expected to grow to approximately Rs 8.7 lakh crore by 2025 from Rs 3.8 lakh crore in 2020.

Disclaimer –
This document is meant for the recipient only for use as intended and not for circulation. This document should not be reproduced or copied or made available to others. The information contained herein is from the public domain or sources believed to be reliable. While reasonable care has been taken to ensure that information given is at the time believed to be fair and correct and opinions based thereupon are reasonable, due to the very nature of research it cannot be warranted or represented that it is accurate or complete and it should not be relied upon as such. Also above note is not a recommendation to Buy or SELL and is only a view based on facts and figures and we will be in no way responsible for any losses incurred by anyone who uses this information to either trade or invests securities mentioned herein.