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Nykaa lists at 80% premium over IPO price, market cap hits ₹1 lakh cr briefly
short by Kiran Khatri / on Wednesday, 10 November, 2021
Nykaa parent FSN E-Commerce Ventures made a strong market debut on Wednesday, listing at ₹2,018 apiece on NSE. The stock listed with a premium of around 80% over the IPO price of ₹1,125. The beauty e-commerce platform's market capitalisation briefly hit ₹1 lakh crore as shares surged on debut. Nykaa is first woman-led profitable unicorn to go public in India.
read more at Moneycontrol