Nykaa Shares End At 96.07% Premium On Market Debut
The stock listed at Rs 2,001 apiece, a 77.8% premium to its IPO price of Rs 1,125.
![<div class="paragraphs"><p>Falguni Nayar, Katrina Kaif at Nykaa's listing ceremony on the NSE. (Source: NSE/Facebook)</p></div>](https://media.assettype.com/bloombergquint%2F2021-11%2F44531cd1-6f4e-4b7c-9fe3-2ed5f057356f%2FScreenshot_2021_11_10_at_9_26_08_AM.png?rect=0%2C0%2C2880%2C1620&auto=format%2Ccompress&w=200)
Shares of Nykaa gained on market debut after investors piled into the initial public offering of the beauty and personal care products retailer.
The stock listed at Rs 2,001 apiece, a 77.8% premium to its IPO price of Rs 1,125, according to Bloomberg data. It ended the day at Rs 2,205.80 apiece, up 96.07%. The company's market cap crossed Rs 1-lakh-crore mark.
The three-day IPO by FSN E-Commerce Ventures Ltd.—parent of the fashion and beauty marketplace—was subscribed 81.7 times. It was the fourteenth-most subscribed offer so far this year.
The firm had set a price band of Rs 1,085-1,125 apiece, giving it a market value of up to Rs 53,204 crore, or about $7.1 billion.
The NSE Bell has been rung in celebration of the FSN E-Commerce Ventures Limited (@MyNykaa) listing on the Exchange! #NSE #Listing #NYKAA pic.twitter.com/fkHWkrUDcI
— NSEIndia (@NSEIndia) November 10, 2021