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Nykaa Stock Lists on NSE, BSE at 83% Premium Over Issue Price; Check Nykaa Share Price

Nykaa shares noticed a stellar debut on Dalal Street on Wednesday, November 10. Nykaa share opened at Rs 2,063 on BSE, a rise of 83 per cent premium over the upper finish of the problem worth. On NSE, Nykaa inventory opened made a debut at Rs …, up 70 per cent. The distinctive inventory-led enterprise mannequin and wholesome share within the premium magnificence and private care section in India has attracted an amazing response from buyers.

Nykaa IPO opened for subscription from October 28-November 1, 2021. The firm deliberate to lift Rs 5,352 crore from its maiden public provide. Nykaa operator FSN E–Commerce Ventures has the worth band at Rs 1,085-1,125 per fairness share. Nykaa IPO includes of Rs 630 crore and a suggestion on the market (OFS) of 4.19 crore fairness shares by a number of shareholders, together with the promoters and a few buyers. The web proceeds from Nykaa IPO will go in direction of two subsidiaries — FSN Brands and or Nykaa Fashion and for establishing new retail shops.

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