Nykaa makes bumper stock market debut, lists at 79% premium

FSN E-Commerce Ventures, the parent company of Nykaa, has made a stellar debut on the stock market after its initial public offering received a strong response from investors.

The parent company of Nykaa and Nykaa Fashion, FSN E-Commerce Ventures Limited, listed on the stock markets at a massive premium of over 79 per cent on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Nykaa's market capitalisation has crossed Rs 1 lakh crore after the blockbuster listing.

Nykaa shares listed on the BSE at Rs 2001 apiece and were hovering around Rs 2002-Rs 2003 at around 10:30 am. The listing price on the NSE was Rs 2,018, but it has fallen marginally to Rs 2,002 and its trading at a premium of over 78 per cent.