Nykaa IPO - Listing Day Performance

No image 5paisa Research Team

Last Updated: 10th December 2022 - 02:36 pm

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FSN E-Commerce Ventures (Nykaa) had a robust listing on 10th November as it listed at a premium of Rs.79.38%, but gained more heft to close at a broader premium to the issue price. The stock closed the day, well above the IPO price and also the listing price.

With overall subscription of 81.78X and GMP ranging from 80-85%, the listing was expected to be very robust. Here is the FSN E-Commerce Ventures (Nykaa) listing story on 10-Nov.

The Nykaa IPO price was fixed at the upper end of the band at Rs.1,125 after the 81.78X subscription. The price band for the IPO was Rs.1,085 to Rs.1,125 on 10th Nov, the stock of FSN E-Commerce Ventures (Nykaa) listed on the NSE at a price of Rs.2,018, a premium of 79.38% above the issue price of Rs.1,125. On the BSE, the stock listed at Rs.2,001 a premium of 77.87% over the issue price.

On the NSE, FSN E-Commerce Ventures (Nykaa) closed on 10-Nov at a price of Rs.2,208, a first day closing premium of 96.27% on the issue price. On the BSE, the stock closed at Rs.2,208.35, a first day closing premium of 96.3% on the issue price. On both the exchanges, the Nykaa stock not only held above the listing price but also closed at a premium.

On Day-1 of listing, FSN E-Commerce Ventures (Nykaa) touched a high of Rs.2,248 on the NSE and a low of Rs.2,000. It closed nearer to the high price of the day. On Day-1 of listing, the FSN E-Commerce Ventures (Nykaa) stock traded a total of 343.25 lakh shares on NSE amounting to value of Rs.7,172.30 crore.

Check - Nykaa IPO - Subscription Day 1

On 10-Nov, Nykaa was the most liquid stock on the NSE in terms of value and the 10th most liquid in terms of volumes.

On the BSE, FSN E-Commerce Ventures (Nykaa) touched a high of Rs.2,248.10 and a low of Rs.1994.10. On BSE, the stock traded a total of 16.21 lakh shares amounting to value of Rs.338.71 crore. Even on the BSE, Nykaa was ranked top in terms of value traded.

At the close of Day-1 of listing, FSN E-Commerce Ventures (Nykaa) had a market capitalization of Rs.104,361 crore with free-float market cap of just Rs.8,349 crore. The stock almost doubled over the issue price on day-1 of listing.

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