Nykaa Makes Stellar Market Debut, Shares List At Premium Of 79%

FSN Ecommerce Ventures, the parent of e-commerce beauty giant, Nykaa made a stellar stock market debut on Wednesday. Nykaa shares opened for trading at ₹ 2,018 on the National Stock Exchange, up 79 per cent from its issue price of ₹ 1,125 per share. On the BSE, Nykaa shares opened for trading at ₹ 2,001, up 78 per cent from the issue price.

Nykaa’s three-day share sale via initial public offering (IPO), which closed on November 1, saw huge demand for shares as the offer was subscribed 82 times.