nykaa listing, nykaa share price
ETtechNew Delhi: In the IPO line-up, FSN E-commerce Ventures — the parent company of beauty and lifestyle omnichannel Nykaa — has pushed its listing a day earlier.
Shares of Nykaa are going to make their Dalal Street debut on Wednesday, November 10. The company was earlier scheduled to list on Thursday. The counter is commanding a strong premium in the grey market, signalling a blockbuster listing of the new-age startup.
Shares of FSN E-commerce Ventures are available at a hefty premium of Rs 760-780 apiece, which is about 70 per cent more than its price range of Rs 1,085-1,125 per share.
Abhay Doshi, co-founder, UnlistedArena, said investors who get allotment are likely to gain from a strong listing pop. This is an ideal startup to be invested in, and deserves expensive valuation. “Nykaa boasts efficient and quality management, robust cash flows and strong prospects for future growth,” the avid grey market tracker added. “However, it is not a buy and forget story. Investors should review it periodically.”
The Nykaa IPO opened for subscription from October 28-November 1, 2021. The company raised Rs 5,352 crore from its primary stake sale.
Aayush Agrawal, Senior Research Analyst-Merchant Banking, Swastika Investmart, said Nykaa would be listed in the range of Rs 1,600-1,700, considering its current grey market premium. “Eyeing the recently listed new-age business and Nykaa’s growth plan, we expect the company to perform much better,” he added. “We recommend investors to stay invested in the IPO as it can be a wealth creator in the next 2-3 years.”

STARTUP ROCKSTARS IN 2021

Sign-in to see our list of the most promising startups of 2021

nykaa listing, nykaa share price

The popular e-commerce platform in India received bids of over 216.59 crore shares against an issue size of 2.64 crore shares, data available with the National Stock Exchange (NSE) showed. The issue was subscribed 82 times, with the portion for qualified institutions bidders subscribed over 91 times, while non-institutional buyers’ quote received bids 112 times more than the quota. Retail bidders’ portion was subscribed over 12.24 times.
Harshad Chetanwala, co-founder of MyWealthGrowth.com, said companies like Nykaa offered unique propositions and have raised money to further grow their business. “Investors should evaluate any new aspects of the company — like the prospect and strengths of the business, plans of promoters after listing, utilisation of capital and valuations of the company — before taking any decision,” said Chetanwala, who has made known his preference for a long-term play.
Nykaa is India’s biggest online marketplace for beauty, personal care and fashion brands. The company delivered 17.1 million orders in FY21 and operates 80 offline stores in 40 cities across India.
Ankur Saraswat, Research Analyst, Trustline Securities, said the company has an omni-channel approach to enhance brand contribution and would further upscale this proposition with fresh funding. “Nykaa will most likely look at achieving overall profitability this year as consumers shift towards digital interactions, boosting its business,” he added.

TECH NEWS RELATED

NASA's laser communications tech, science experiment safely in space

A United Launch Alliance Atlas V rocket launches with the Department of Defense’s Space Test Program 3 (STP-3) mission from Space Launch Complex 41 at Cape Canaveral Space Force Station on Tuesday, Dec. 7, 2021. The mission’s Space Test Program Satellite-6 (STPSat-6) spacecraft hosts NASA’s Laser Communications Relay Demonstration ...

View more: NASA's laser communications tech, science experiment safely in space

Prioritising protection for threatened carbon-storing landscapes

Bitter Creek grass and hills: Private ranchland now protected adjacent to Bitter Creek Wilderness Study Area in Montana’s Northern Great Plains. Credit: Brian Martin As efforts accelerate to mitigate the threat of runaway climate change through nature-based approaches like large-scale reforestation, a new study led by scientists from the ...

View more: Prioritising protection for threatened carbon-storing landscapes

Best thin cases for iPhone 13 Pro 2021

Best thin cases for iPhone 13 Pro iMore 2021 You’ve got a gorgeous iPhone 13 Pro, and you want to keep it looking that way. You know you need one of the best iPhone 13 Pro cases, but you don’t want to bulk up your iPhone or obscure its sleek ...

View more: Best thin cases for iPhone 13 Pro 2021

Google may replicate smartphone concept in global markets

AgenciesGoogle, which in partnership with Reliance Jio, launched a low-cost smartphone for India earlier this year may replicate the concept in global markets, a top executive told ET.The JioPhone Next, which runs on the Pragati OS custom-made Android operating system and is targeted at first-time internet users, offers Google a ...

View more: Google may replicate smartphone concept in global markets

How to use Private Safe in OxygenOS 12

Source: Harish Jonnalagadda / Android Central OPPO introduced a nifty feature in ColorOS 6.0 called Private Safe that allows you to safeguard sensitive data — including photos, videos, and documents — behind a passcode. With OnePlus using ColorOS 12 as the foundation for OxygenOS 12, the feature is making its ...

View more: How to use Private Safe in OxygenOS 12

Google Photos' 'Best of 2021' Memories collection begins rolling out

Source: Nick Sutrich / Android Central What you need to know Google Photos’ “Best of 2021” Memories collection has started rolling out. The collection highlights some of the “best” photos that you uploaded to the service over the last twelve months. You’ll be able to view the new collection alongside ...

View more: Google Photos' 'Best of 2021' Memories collection begins rolling out

What Is an XV File?

How to open, edit, and convert XV files

View more: What Is an XV File?

How to Enable Your Wireless Router's Built-In Firewall

You may already own a powerful firewall and not even know it

View more: How to Enable Your Wireless Router's Built-In Firewall

What Is an ERF File?

A crypto savings account delivers huge interest — but at what cost?

Soap bubbles inspire new software making mining more cost-effective

YouTube stays on Roku devices as companies strike multi-year deal

AI video avatar platform Synthesia raises $50 mln in venture capital

PagerDuty revenues up 33% in Q3 as land and expand strategy continues to pay off

Satechi announces an 11-port Thunderbolt 4 dock and two new adapters designed for M1 Macs

Amazon Halo View

Entrust Expands Cloud Security Services Footprint in Europe and Beyond With nShield as a Service

Tesla 'knew about the problem well before 2017,’ whistleblower says on alleged solar panel fire risk

Anker MagGo 633 Magnetic Wireless Charger review: A 4-in-1 MagSafe stand worthy of your desk space

Lenovo ThinkPad X1 Extreme (Gen 4) review: An update that improves nearly everything except battery life

OTHER TECH NEWS

;