Nykaa’s Shares List at a Premium of Almost 80%

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Nykaa’s Shares List at a Premium of Almost 80%
10 Nov 2021
3 min read

News Synopsis

Nykaa saw a surge in its share price as the company's shares were listed at Rs. 2,001 on BSE on Wednesday. Nykaa opened its IPO for subscription from October 28 to November 1, the aim of this IPO was to raise Rs 5,352 crore. According to the data available on the National Stock Exchange, the company's IPO has received bids of over 216.59 crore shares against the total issue size. 

Nykaa, an online shopping platform for beauty care products and fashion brands and has delivered over 17.1 million orders in the Financial Year 2021. It also operates 80 offline stores in 40 cities across the country. 

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