Nykaa IPO: Should investors partially book profits or hold on for now

FSN E-Commerce Ventures, the parent company of Nykaa, debuted in the stock market at Rs 2,018 apiece yesterday, commanding a premium of 79 per cent over its issue price of Rs 1,125 on the National Stock Exchange. Backed by strong investor interest, the shares scaled a high of Rs 2,248, up 100 per cent versus the issue price, in the intra-day trade.

They, however, ended at Rs 2,208, up 96 per cent against the issue price. The strong debut also pushed Nykaa’s market capitalisation over Rs 1-trillion mark, placing it among the top-60 most valuable companies on the BSE. Meanwhile, Nykaa owner Falguni Nayar’s net worth, who owns about half of Nykaa, swelled to $6.5 billion courtesy the solid listing.