Nykaa Makes Blockbuster Debut, Market Cap Crosses Rs 1 Lakh Crore
FSN Ecommerce Ventures, the parent of e-commerce beauty giant, Nykaa made a stellar stock market debut on Wednesday with its market capitalisation crossing ₹ 1 lakh crore. Nykaa shares opened for trading at ₹ 2,018 on the National Stock Exchange, up 79 per cent from its issue price of Rs 1,125 per share. On the BSE, Nykaa shares opened for trading at Rs 2,001, up 78 per cent from the issue price. Nykaa shares rose as much as 89 per cent to hit an intraday high of ₹ 2,129 on the NSE.
