Nykaa IPO: Today Nykaa Gray Market Premium at Rs. 893
Nykaa IPO subscribed 81.4 times on the final day of subscription. After the announcement of share allotment all eyes on the listing date. As of expert analysis, Nykaa Gray Market Premium ought to perform extremely on the IPO. It may available at a premium of Rs. 765 in GMP.
In addition, the GMP of Nykaa remained raised for the last week. Today, it reached Rs. 893. Nykaa IPO shares listing on both NSE and BSE at 10 AM on 10th November 2021.
Nykaa IPO Listing:
The Nykaa IPO got listed at Rs 2018 per share on the National Stock Exchange (NSE), which gains 79.38% from its offer price of Rs 1,125. On the other hand, it got listed at Rs 2001 on BSE up 77.87% from the issue price.
According to the official data, India’s biggest online marketplace for beauty and personal care products firm IPO held subscribed 81.78 times over 2.64 crore shares. The IPO received a good response from all types of investors. The firm has a fixed price band of IPO between Rs. 1085 – Rs. 1125.
“DON’T WAIT FOR BETTER INVESTMENT OPTIONS, INVEST AND THEN WAIT FOR BETTER TIME.”
This public issue comprises a fresh issue of Rs. 630 crores and offer for sale of 4,18,72,660 shares worth Rs. 4,721.92 crores. However, the total size of the issue remains at Rs. 5,351.92 crores.
In its draft red herring prospectus, Nykaa firm stated as net proceeds of the fresh issue to utilize for new retail stores and to invest in 2 subsidiaries. Remains net proceeds will also utilize towards repayment or prepayment, of outstanding borrowings availed by the company and one of their subsidiaries, namely, Nykaa E-Retail.