Thursday, June 30, 2022
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

Nykaa’s parent company FSN E-Commerce Ventures makes stellar debut, stock lists at Rs 2,018 with 79% premium

Jaleel M. by Jaleel M.
November 10, 2021
in Business
0
Nykaa’s parent company FSN E-Commerce Ventures makes stellar debut, stock lists at Rs 2,018 with 79% premium
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter


The share opened at Rs 2,001 on the BSE, while the listing price on the National Stock Exchange was Rs 2,018

Related posts

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

10 grams of 24-carat stands at Rs 50,790; silver at Rs 61,200 per kilogram  

May 18, 2022
How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

How will you get tax benefits under new I-T rules for charitable organisations? Read on to find out

May 17, 2022

Nykaa's parent company FSN E-Commerce Ventures makes stellar debut, stock lists at Rs 2,018 with 79% premium

Representational image. News18 Gujarati

FSN E-Commerce Ventures, the operator of Nykaa and Nykaa Fashion chain, made a bumper debut as the stock listed with a massive 79 percent premium on 10 November.

The share opened at Rs 2,001 on the BSE, while the listing price on the National Stock Exchange was Rs 2,018.

The Rs 5,352-crore public issue saw a huge demand and was subscribed 81.78 times during the October 28-November 1 period, receiving bids for 216.59 crore equity shares against the offer size of 2.64 crore shares.

Qualified institutional buyers and non-institutional investors showed strong interest in the offer, as their reserved portion was subscribed 91.18 times and 112.02 times, respectively. The shares set aside for retail investors were subscribed 12.24 times and that of employees 1.88 times.

FSN E-Commerce Ventures, a digital native consumer technology platform, is promoted by banker-turned-businesswoman Falguni Nayar and backed by private equity firm TPG Group.

The company runs beauty and personal care business under the Nykaa vertical, where it has a leading position and apparel and accessories business under the Nykaa Fashion vertical. It also operates an offline channel, comprising 80 stores across 40 cities in India in three different store formats, as of August 2021.

The Indian beauty and personal care (BPC) market is estimated to grow at approximately Rs 2 lakh crore by 2025 from Rs 1.1 lakh crore in 2020, and the Indian fashion market is expected to grow to approximately Rs 8.7 lakh crore by 2025 from Rs 3.8 lakh crore in 2020.

The majority of analysts had assigned a “subscribe” rating to the IPO, citing the company’s strong brand and experienced management team, strong financials, leading market share in the beauty & personal care segment, wide product range and strong customer base, etc.

Prabhudas Lilladher recommended subscribe rating to the IPO, saying Nykaa revolutionised the art of online retailing of BPC products in India.

“Nykaa has been able to create strong consumer following and 70 percent repeat purchase led by 1) Inventory led BPC Model which ensures authenticity and guarantee of quality 2) wide product range offered by Nykaa 3) 2 million stock keeping units’, 3,826 brands and availability in 24,817 pin codes 4) consumer education through 1,363 influencers, ~39,500 Facebook posts (12.6 million followers) and 1.1 million Youtube subscribers 5) Ability to bring global brands like Estee lauder, Huda Beauty, Charlotte Tilbury etc. to Indian consumers, 6) private labels like Nykaa Beauty, Nykaa Naturals, Kay Beauty,” the brokerage reasoned.

Motilal Oswal also said it liked Nykaa, given its leadership position in online BPC market, customer-centric approach, profitable tech platform and capital-efficient business model.

“We believe Nykaa is rightly placed to tap the high growth digital/online penetration in the BPC/Fashion market. We recommend Subscribe,” it said.

Nykaa reported a 38.10 percent growth in revenue from operations at Rs 2,440.89 crore in FY21, compared to the previous year. It clocked a profit of Rs 61.95 crore for FY21 against a loss of Rs 16.34 crore the previous year.

During the quarter that ended in June 2021, it posted revenues of Rs 816.99 crore, a growth of 183.05 percent YoY. Profit during the quarter was Rs 3.52 crore against a loss of Rs 54.5 crore in Q2FY21.



Source link

Previous Post

Nykaa makes debut on stock market, listed on BSE and NSE; check share price here

Next Post

Total subscription at 1.51 times on final bidding day, retail portion booked 2.13 times

Next Post
Total subscription at 1.51 times on final bidding day, retail portion booked 2.13 times

Total subscription at 1.51 times on final bidding day, retail portion booked 2.13 times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Sensex ends 18 points down, Nifty closes at 15,818; today’s top gainers and losers

Sensex ends 18 points down, Nifty closes at 15,818; today’s top gainers and losers

12 months ago
Facebook to buy customer service startup Kustomer for $1 billion

Facebook to buy customer service startup Kustomer for $1 billion

2 years ago
Sensex fall by 433 points, Nifty ends at 17,873; check top winners and losers here

Sensex fall by 433 points, Nifty ends at 17,873; check top winners and losers here

8 months ago
Here Tech launches route planning solution in India with free access for SMEs

Here Tech launches route planning solution in India with free access for SMEs

2 years ago

FOLLOW US

  • 114 Followers
  • 29.5k Followers
  • 172k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    Charles B and Kamil Ghaouti Collaborate on Groovy New Track “You’re Not Mine,” featuring LauraBrown. Out on Protocol Recordings

    0 shares
    Share 0 Tweet 0
  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • Salted vs. Unsalted Pistachios

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy