Is Nykaa an IPO?
Is Nykaa an IPO?
Nykaa IPO to open on Oct 28; seeks valuation of 7.4 billion dollar. Nykaa, India’s biggest e-tailer of cosmetics, is set to debut on Dalal Street. The company will launch its IPO on October 28 and is looking to raise as much as Rs 5,200 crore.
What is the listing date of Nykaa IPO?
Nykaa IPO (Initial Public Offering) is all set to hit Dalal street. The public issue will list on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Wednesday, November 10. The offer went live on October 28 and concluded on November 11. The Rs 5,352 crore-IPO had a price band of Rs 1,085-1,125 a share.
NEW DELHI: Domestic brokerage JM Financial has reiterated its ‘buy’ rating on FSN E-Commerce Ventures (Nykaa) with a March 2023 price target of Rs 2,120, suggesting a 60 per cent potential upside. JM Financial said Nykaa remains a differentiated player with a rapidly growing and loyal consumer base.
Is Nykaa IPO successful?
Nykaa witnessed a stellar IPO performance. Shares of Nykaa made an amazing debut in the Indian stock markets this month. The stock begin its trading at a premium of about 82% compared to its IPO issue price of ₹1,125 per share. The market capitalization for Nykaa post Listing crossed ₹1 lakh crore in early deals.
Is Nykaa listed company?
FSN E-Commerce Ventures (Nykaa) made a strong stock market debut, with its shares listing at Rs 2,018, a 79 per cent premium over its issue price of Rs 1,125 per share, on the National Stock Exchange (NSE) on Wednesday.
Is Nykaa listed today?
Nykaa operator FSN E-Commerce Ventures will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10 am on November 10.
Step 1: Login to the mobile app and select the IPO option under the console. Step 2: Select the IPO you want to invest in. Step 4: Select investor type for your application and enter the lot size announced by the company. Step 5: Tick on the cut-off price for more chances of allotment of shares.
What was Nykaa IPO size?
The Nykaa offer got bids for 216.59 crore shares against the IPO size of 2.64 crore equity shares.
Nykaa stock coverage has been initiated by Jefferies with a target price of Rs 1,650 per share, an upside of 10% from today’s lows. However, a bullish scenario could see the stock rally to Rs 2,300 apiece. Under this scenario, analysts have built a 30% CAGR order growth for Nykaa BPC over FY22-26E.
Furthermore, Nykaa’s revenue has still grown 36% year-on-year. For the beauty and personal care segment – the bulk of its business – gross merchandise value increased 32% from a year ago. A lower price will give long-term investors a compelling entry-point, according to investment bank Morgan Stanley.
Is Nykaa good for long-term?
“We view FSN (Nykaa) as a consumer business with a technology edge. The recent stock correction gives a compelling entry point for long-term investors to play the theme of evolution in India’s beauty market,” Morgan Stanley said in a note. Nykaa’s share price is down 20% year-to-date.
Why Nykaa IPO is a big deal?
Unlike most startups, Nykaa has not gone in for huge funding rounds; it has, so far, raised five rounds of funding, of which only three were from institutional investors. After the IPO, Nayar and the family (as individual members and through family trusts) have a little over 50% stake in the company.
Which IPO is better Nykaa or Paytm?
Market share Nykaa is at the top of its game. None of its direct competitors come close to its size and they’re nowhere near stock market debuts. Rival Purplle’s IPO, for instance, is still four years away.
What happened to Nykaa IPO?
The company had issued shares at a price of Rs 1,125 per share in its initial public offer (IPO). The stock had made a market debut on November 10, 2021. At 11:22 am; Nykaa erased its intra-day loss and was up 2 per cent at Rs 1,524, as compared to a 0.21 per cent decline in the S&P BSE Sensex.
What is the name of Nykaa IPO?
Ahead of its IPO, Nykaa has transformed itself into a public entity under the name of FSN e-commerce Ventures Private Limited….FSN E–Commerce Ventures Limited IPO (Nykaa) IPO Important Dates.
| IPO Open Date | Oct 28, 2021 |
|---|---|
| IPO Listing Date | Nov 11, 2021 |
How can I get Nykaa IPO?
Here’s how to do it:
- Log in to your bank’s net banking account.
- Go to the investment section and select the IPO option.
- Fill your investment and bank account details to complete the verification process.
- Later select the IPO you want to apply for.
- Enter the number of shares and bid price.
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