NEW DELHI: Stock start-up Beauty Nykaa has a blockbuster debut on Wednesday with a 79% premium on listings.
The market capitalization crosses Crore Rs 1 Lakh.
E-commerce FSN business shares, parent entities that have Nykaa, are opened to trade at Rs 2,018 on the National Stock Exchange, up 79% of the price of the issue of Rs 1,125 per share.
After listing, Nykaa’s shares menskala high RS 2,129, up 89% versus problem prices.
The FSN E-Commerce Ventures is the first unicorn woman in the country to hit the stock market, making the founder of the falguni nayare billionaire female richest in India.
He is now worth around $ 6.5 billion, according to Bloomberg Bilionaire Index.
Narggles have about half of the company with her husband and their twins.
The promoter family will continue to hold 51% of the shares even though IPO.
IPO NYKAA consists of a new edition of Rs 630 Crore and offers for sale worth Rs 4,722 Crore.
At the top of the price of one lot from 12 NYKAA shares in the cost of IPO RS 13,500.
NYKAA IPO has received a star response from institutional investors and IPO retail witnessing large demand from qualified institutional buyers because the portions provided for them subscribe to 91.18 times.
The section set aside for retail investors subscribes 12 times and the number of shares set aside for non-institutional investors is ordered more than 100 times.
‘Book 50% of the benefits’Since shares have been listed around 79% of premiums, investors must order 50% profit and keep the remaining 50% for the long term with a minimum two years horizon.
“Those who got Nykaa IPO through allotment were recommended to order a 50% profit and keep the remaining 50% for 2 years with the target of Rs 3,600.
However, for those who missed to get Nykaa’s shares as long as the allotment was recommended to wait for some advantages – booking and buying around Rs 1,900 per stock level for a two-year target of Rs 3,600, “said Ravi Singhal, Deputy Chairperson at GCL Securities.
‘90% listings’ gains “are currently trading around the level of Rs 2,200 and offers more than 90% list of increases.
The categories intended for qualified institutional buyers subscribe 91.18 times, non-institutional investors 112.02 times and individual retail investors 12.24 times …
Investors who only subscribe to problems for lists of increases can consider ordering benefits.
Given the prospects, long-term investors can accommodate this stock for the medium to length, if allocated, “said Likhita Chepa, a global senior analyst at Capitvia.
‘Wait for a correction to buy further digits for years.
“We expect reverse momentum can continue at least for 1-2 days, it can be stabilized for some time because the assessment can be a concern after the profit of a large list but level 2000 can act as a level of support in the near future.
Maybe the head goes to the level of 2100/2200 even after the opening Great.
Those who play to get a list can stop the loss of Rs 1,950 while aggressive investors are advised to hold this stock for the long term because it is one of the few shares in the New EDGE company to have into your portfolio.
It is difficult to buy after a big increase at the time Opening but fresh investors can accumulate in parts where they can buy 25℅ at the opening of what they want to invest into this stock while if it witnesses the correction towards the level of 1,800 then they can add more, “Meena added.
The company runs a business of beauty and personal care under the Nykaa Vertical business, as well as the clothing and accessories business under NYKAA Vertical Fashion.
It also operates offline channels, consisting of 80 stores in 40 cities in India in three different store formats, in August 2021.
“Nykaa has been able to create strong consumers after and 70% repetitive purchases led by inventory LED BPC models that ensure authenticity and product quality assurance offered by Nykaa, 2 million stock storage units’, 3,826 brands and availability in 24,817 PIN codes, consumer education through 1,363 influencers, 39,500 Facebook posts (12.6 million followers) and 1.1 million YouTube customers.
This It also has the ability to bring global brands such as Estee Lauder, Huda Beauty, Charlotte Tilbury etc., to Indian consumers “said Broker Prabhudas Lilladher.
Nykaa is the largest online market for India for beauty, personal care and fashion brands.
Oswal Motilal is also bullish about Nykaa, given its leadership position in the BPC online market, a customer-centric approach, a profitable technology platform and capital efficient business model.