Nykaa Listing: Shares of Nykaa, a startup company selling beauty products, had a great start in the market today. This gave investors better listing gains amid weak trends in the domestic equity market. Shares of Nykaa were listed today on November 10 at a price of Rs 2001, which is about 78 percent premium over the issue price of Rs 1125 i.e. investors got a profit of Rs 876 on listing. The company’s market cap at the time of listing stood at Rs 94,632.74 crore. The IPO of this beauty product company received a good response from investors and was subscribed 81.78 times in a three-day subscription period. Its IPO was fully subscribed on the very first day.
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This is the opinion of experts
- Aditya Kondavar, COO, JST Investments, expects the company to do well in the beauty products market. Kondavar said, “If you have been allotted a share, it can be put on hold. But new purchases should not be made at this time. In addition, investors should closely monitor the competitive intensity of the sector and see how they address those challenges.”
- According to Yesha Shah, Head of Equity Research, Samco Securities, the company has been able to strengthen its financial position and can now keep its position strong even further. Its Gross Merchantize Value has consistently grown and has the highest average order value.
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(Article: Surbhi Jain)
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