The Giant market debut by E-Commerce company Nykaa: Market cap hits 1 lakh crore: Have you missed it?

Falguni Nayar, the founder of Nykaa and a former banker, became the wealthiest self-made billionaire on Wednesday after Nykaa made a robust stock exchange debut compared to its IPO issue price of Rs 1,125 per share, Nykaa shares started trading at a premium of quite 82% on the NSE. On the primary day of trading on the BSE, the company’s stock closed 10% higher, at Rs 2,208 per share. The beauty and fashion retailer’s market capitalization reached over 1 lakh crore.        

FSN E-commerce Ventures Ltd.    (FSNEV) popularly referred to as “Nykaa”, incorporated in 2012 offers products on beauty, wellness, and fashion across websites, mobile apps also as 76 offline stores. Nykaa has two business verticals: Nykaa Beauty: Cosmetics and private care; Nykaa Fashion: Apparel and accessories. Nykaa’s initial public offering closed on November 1 after having opened on October 28. The corporate raised an initial price offering of Rs 5,352-crore comprising of Rs 630 crore fresh issue and the remaining 4,772crores was an offer of sale. The company had fixed a price band of Rs. 1085 to Rs. 1125 per share and therefore the market lot size is 12 shares.

As a unicorn company led by a woman, it is one of the few profitable new-age companies attracting investors’ attention. Nykaa, which is a leader in online business process outsourcing (BPO) in India, is also one of the fastest-growing fashion platforms in India that supported GMV (gross merchandise value).

 
If you have missed this golden opportunity to get approx. 82% return in one day then consult with our SKW Investment Adviser for more upcoming IPO like Nykaa.
 
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