nykaa ipo gmp

Nykaa IPO GMP market, Details, name, Best Price, lot size, Grey Market 1

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Nykaa!! Share market people all Retailers investors Nykaa come up with IPO of 5352 crores One of the FSN E-commerce ventures which own Nykaa Going to open this on Thursday

Nykaa IPO GMP
Photo by freestocks.org on Pexels.com

Nykaa IPO GMP is TGP Backed Startup and people Widely purchase Fashion branded products online and there are people who shifting online

Opening on 28/10 Today and Going to Close on 1 November

Nykaa IPO is the third biggest IPO this year after big IPOs like Zomato and Sona Comstar, so should you invest in it or not?

in this IPO 630, crores pf fresh equity and 4723 crores, rs 4311 crore shares will be sold (OFS) in this IPO

So what will be Nykaa IPO GMP the issue price

Nykaa IPO GMP issue price is 1085 to 1125 rupees but in a gray market, this share premium is 670 rupees will be

The issue price of Nayaka is Rs 1085-1125 but the premium of its shares is running at Rs 670 in the gray market.
It is 60% higher than its higher price band

Unlisted shares of Nykaa were trading at Rs 1795 (1125+670) in the gray market on Tuesday

The valuation of the company is $7.11 billion i.e. Rs 53,200 crore

Nayaka’s shares may get listed on BSE and NSE on November 11. Minimum 12 lots can be bid for.

what is a brokerage Nykaa IPO GMP

Most brokerages recommend investors to buy it. 

But Marwadi Shares and Finance has advised investors to buy it with caution.

It says there is no doubt that the company is one of the leading platforms related to lifestyle consumer technology but its valuation is based on past financials

Hem Securities, on the other hand, says that Nykaa’s beauty and personal care (BPC) market is expected to grow at 12 percent annually till 2025.

Similarly, the fashion market may grow at 18 percent by 2025. At the same time, the company has shown strong growth without infusing cash

The brokerage says it can be bought for listing gains and long-term.

Involved in Profitable retailers

Nykaa is one of the few profitable etailers in India.

Falguni Nayar, who was an investment banker, started Nykaa in 2012 and today it is one of the top e-commerce sites for beauty products in the country.

In the last financial year, the company’s revenue had increased to Rs 2,441 crore. During this, the company had achieved a profit of Rs 61.9 crore.

The merchant bankers for this IPO are Kotak Mahindra Capital Company, Morgan Stanley, BofA Securities, Citigroup Global Markets, JM Financial, and ICICI Securities.

Raised Rs 2,396 crore from anchor investors

Nykaa IPO GMP, FSN E-Commerce Ventures on Wednesday raised Rs 2,396 crore from 174 anchor investors.&nbsp

The company has decided to allot 21,296,397 equity shares to anchor investors at a price of Rs 1,125 per share, the company said in a statement to BSE.

Nykaa IPO GMP the Domestic investors include Axis Mutual Fund, Kotak MF, ICICI Prudential, Franklin MF, and UTI MF.

Aditya Birla Sun Life Trustee, SBI Mutual Fund, HDFC Trustee Company, Nippon Life India Trustee, Sundaram MF, IDFC MF, L&T MF, Tata MF, Edelweiss,

Disclaimer This article is for information purpose we never share any market investment tips its your own understanding and known risk taking we are not responsible for any market activities its tottaly on you

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