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| Nykaa market cap crosses Rs 1 lakh crore after listing of the company on BSE and NSE |
Nykaa stock hit an intraday high of Rs 2,129 on BSE, rising 89.24% contrasted with the IPO issue cost.
Online excellence retailer Nykaa crossed the market capitalization of Rs 1 lakh crore during today market debut. The market cap of Nykaa penetrated the Rs 1 lakh crore mark for some time after the heavenly posting of the organization on BSE and NSE.
The offer hit an intraday high of Rs 2,129 on BSE, rising 89.24% contrasted with the issue cost. Afterward, the stock saw some benefit booking, prompting market cap plunging beneath Rs 1 lakh crore. At 10:55 am, the stock was exchanging at Rs 2029 against the issue cost of Rs 1,125. The market cap of the firm remained at Rs 95,878 crore on BSE.
Prior, Nykaa made its market debut at Rs 2,001 for every offer (77% premium) on the BSE against the IPO issue cost of Rs 1,125. Value band of the IPO was fixed at Rs 1,085-1,125 for every offer.
The IPO was open for membership from October 28 to November 1. The offer rose 79% on its market debut on NSE. The offer opened at Rs 2,018 on NSE against IPO cost of Rs 1125.
The first sale of stock (IPO) of Nykaa's parent FSN E-Commerce Ventures Ltd was bought in excess of multiple times toward the finish of the last day of offering on November 1. The firm raised Rs 2,396 crore from anchor financial backers on October 27.
A retail financial backer could apply for at least 12 offers or 1 parcel in the IPO for which Rs 13,500 should be spent. One could apply for a limit of 14 parts, involving 168, shares for which offers worth Rs 1,89,000 should be put.
The firm dispensed offers on November 8.
Falguni Nayar, Sanjay Nayar, Falguni Nayar Family Trust And Sanjay Nayar Family Trust are the advertisers of the organization.
Post the IPO, their stake has tumbled to 52.56 percent from the re-issues to 54.26 percent. Kotak Mahindra Capital, Morgan Stanley India, Bank of America Securities, Citigroup Global Markets India, ICICI Securities, and JM Financial were the vendor brokers to the issue.
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