Nykaa lists at 79% premium


FSN E-Commerce Ventures, the operator of Nykaa and Nykaa Fashion chain, made a bumper debut as the stock listed with a massive 79 percent premium on November 10.

The share price opened at Rs 2,001 on the BSE and the listing price on the National Stock Exchange was Rs 2,018.

The Rs 5,352-crore public issue had seen a strong demand from investors as it was oversubscribed by 81.78 times during October 28-November 1, receiving bids for 216.59 crore equity shares against the offer size of 2.64 crore equity shares.

News Source: Moneycontrol

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