Nykaa lists at 79% premium to issue price; market cap crosses Rs 1 trillion

FSN E-Commerce Ventures (Nykaa) made a strong stock market debut, with its shares listing at Rs 2,018, a 79 per cent premium over its issue price of Rs 1,125 per share, on the National Stock Exchange (NSE) on Wednesday. On the BSE, the stock opened at Rs 2,001, a 78 per cent premium against the issue price. Post listing, shares of Nykaa scaled a high of Rs 2,129, up 89 per cent versus the issue price.

The strong listing saw Nykaa’s market capitalisation (market-cap) cross Rs 1-trillion mark and enter the top-60 most valuable companies on the BSE. With a market-cap of Rs 1.003 trillion at 10:03 am, Nykaa stood at 55th position in the overall market-cap ranking of the BSE listed companies, exchange data showed.