Nykaa lists with 78% premium on the BSE
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FSN E-Commerce Ventures (Nykaa) has debuted at Rs 2001 on the BSE, up by 876 points or 77.87% from its issue price of Rs 1125.
The scrip is currently trading at Rs 2065.05, up by 940.05 points or 83.56% from its issue price. It has touched a high and low of Rs 2129 and Rs 2001 respectively. So far 8.37 lakh shares were traded on the counter.
The offering, which was open for subscription between October 28, 2021 and November 2, 2021 was subscribed 81.78 times on the last day of subscription, mainly helped by huge interest from institutional investors. The issue price was fixed at Rs 1,125 per share i.e. at upper end of price band of Rs 1,085-1,125 apiece.
FSN E-Commerce Ventures (Nykaa) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it.
