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Falguni Nayar joined the rarefied ranks of self-made billionaire women this week as the beauty startup she founded went public.
Beauty e-tailer Nykaa's shares nearly doubled on the bourses yesterday, as investors rushed to grab a piece of one of the few profitable Indian start-ups. Should you book out on your holding?
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Nykaa's Rs 5,352-crore IPO was subscribed 82 times, the most among large start-up IPOs
FSN E-Commerce, the promoter company of Nykaa, closed on Wednesday with a market capitalisation of Rs 1.043 trillion
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Debutant Nykaa almost doubled from its issue price of Rs 1,125 at the day's high of Rs 2,248, and finally ended with a 96 per cent premium over its issue price
BENGALURU (Reuters) - Shares of cosmetics-to-fashion platform Nykaa made a blockbuster opening on Wednesday, valuing the Indian company at near $13 billion, in the latest startup listing after food delivery firm Zomato's stellar debut in July.
Post listing, shares of Nykaa touched a high of Rs 2,129, up 89 per cent versus the issue price of Rs 1,125
She's become India's wealthiest self-made female billionaire, according to Bloomberg Billionaires Index.
This is the second-biggest IPO since that of food delivery start-up Zomato's, the first by an Indian unicorn.
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The company received bids for 40 times the number of shares it plans to sell to anchor investors in its IPO
Brokerages bullish on Nykaa given the firm's high growth potential
Institutional category subscribed 1.4x, retail quota 3.5x while HNI portion was subscribed 60%; issue closes Monday
With Sensex and Nifty below near-term support levels, what's the road ahead for markets? Will this weakness shift focus to primary markets, where Nykaa and Policybazaar are ready with their IPOs?
Financials led by PSU banks, realty, metal and FMCG shares where the major losers in trade. All NSE sectoral indices ended with losses of more than a per cent
The much-awaited IPO of FSN E-Commerce Ventures, which owns online e-tailer Nykaa, will open for subscription on Thursday in a price band of Rs 1,085 - Rs 1,125
The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore