Nykaa shares rise on, market cap exceeds ₹ 1 lakh crore

Nykaa shares made a strong debut on Indian stock exchanges on Wednesday. The stock began trading with a premium of over 82% at 2,054 per share on the NSE over its IPO issue price of 1,125 coin. Its market capitalization has exceeded ₹ 1 lakh crore in early offerings. The stock closed more than 10% at 2,208 per share on its first day on BSE.

The initial public giving of FSN E-Commerce Ventures Ltd, that runs an internet marketplace for beauty and wellness merchandise Nykaa, was signed 81.78 times on the last day of subscription, mainly helped by large interest from institutional investors. the worth vary for the supply was ₹1,085-1,125 per share.

Nykaa ipo was signed 81.78 times on the last day of the initial share sale that closed on November 1.