Nykaa Values About $13 Billion on Debut

Shares of Nykaa made a blockbuster opening valuing the company at around $13 billion in the latest startup listing. Shares of FSN E-Commerce Ventures, the parent company of the Nykaa brand, rose to 89.2 per cent to Rs 2,129. The debut cost was at a 79.4% per cent premium to the initial public offering (IPO) of Rs 1,125, providing the startup with a valuation of $12.86 billion.

The company’s offering last week drew bids was $32.55 billion as it was oversubscribed by nearly 82 times. Many Indian startups have already filed or are thinking to file an IPO, including Paytm, Oyo, Ola and Delhivery.

Get Daily Prediction & Stocks Tips On Your Mobile

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More