The condition of all startup stocks like Zomato, Nykaa, Paytm, Policybazaar are all similar now. Investor wealth has plummeted in these stocks.
Shares of FSN E-Commerce Ventures (Nykaa) opened at Rs 2,018 on the NSE, compared to the issue price of Rs 1,125, marking a premium of 79.38%.
Housing Development Finance Corporation announced plans to raise Rs 3,000 crore by issuing secured, redeemable NCDs on a private placement basis.
The offer received bids for 216.59 crore shares as against 2.64 crore shares on offer.
Nykaa offer alone may see bids worth anything between Rs 80,000 -Rs 90,000 crore in the HNI category, says a report
The firm is a new-age digital retail platform delivering a content-led, lifestyle retail experience to consumers.
The retail brand is going public at a valuation of a little over $7 billion
Nykaa has fixed the price band for the issue at Rs 1,085-1,125 per share. Investors can bid for a minimum of 12 shares & in multiples, thereafter.
SEBI recently gave a go-ahead for IPOs to companies like Paytm, Nykaa, Fino Payments, Policybazaar, Adani Wilmar and Star Health & Allied Insurance
The IPO comprises fresh issue of equity shares worth Rs 525 crore and an OFS of 43,111,670 equity shares