Shares of FSN E-commerce Ventures (parent company of Nykaa) made a stellar debut on the bourses today (10-11-2021). Its scrip was listed at Rs 2,018 on the NSE, a premium of 78 percent over its issue price of Rs 1,125. Similarly, it marked its debut at Rs 2,001 on the BSE, a premium of 77 percent. The listing of Nykaa was pushed a day earlier to Wednesday. The company was earlier scheduled to list on Thursday.
According to analysts investors should not think of making any fresh investment in the company at this point in time. "Investors should book partial profits in the company after this robust listing. One can book 50-75 percent of holdings and keep the remaining portion for a longer-term," they said.
Nykaa IPO was open for subscription from October 28-November 1, 2021. The company raised Rs 5,352 crore from its primary stake sale.
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