About Nykaa
Nykaa is a new beauty venture founded in India. The shares of Nykaa seem to be falling below IPO issue price. Even the tasks are seen climbing down the ladder by 52%, since November 2021.
By how much percent the shares have fallen according to IPO issue price?
According to the reports, shares of FSN E-Commerce departure which is a parent company to fashion retailer Nykaa have fallen by at least 2%. The prices have fallen to at least Rs. 1107 per piece on BSE (Tuesday’s session). The IPO issue price has decreased too. The price after the price decline is Rs.1125.
The price of Delhivery (the delivery partner of Nykaa) before the price decline was Rs. 428 and now the new price is Rs.377. This decline is nearly 52 weeks low. It was last year when Nykaa got registered in the decline rate in the share marketplace. Since Nykaa made its debut in the market, it has seen a 52% decline in the market. There have been changes in the prices as well.
According to the sources, the rate of Nykaa in IP was 81.78 which was because of the high interest from institutional investors. Approximately, the price of each share is Rs.1085- Rs1125. Delhivery which is the largest logistics service in India and also the delivery partner of Nykaa and many other E-commerce companies has raised its IPO issue price, since May 2022. The current price of Delhivery has risen to Rs2035 crores in the IPO.
What did the sources say?
According to the authorities of Delhivery, “There are high levels of inflation where an average user spends a lot. This is flat or lower during the ongoing festive season”.
Apart from Nykaa, business giants like Paytm, Zomato, and PB Fintech have also gone through their toughest months recently due to the increase and decrease in the price of the share market. The market is tough and predictable, added the other sources of the market.
The increase and decrease in the shares were decoded by Deepak Shenoy who is an authority figure in CapitalMind. After decoding the stocks, he took his Twitter to handle to let people know about a massive thing about the share market. According to Deepak Shenoy, “Delhivery, Nykaa, and Policy Bazaar are falling in terms of the stock price for one reason I think. Massive supply coming after locking open. Even Zomato had a scare that saw massive sales, earlier this year. This will affect all the IPOs which have big pre-IPO investors”.
What have the sources of Nykaa got to say about the price fall in the share market?
Nykaa has fixed the record date of November 3, 2022, for the purpose of determining members who will be eligible for the Bonus equity shares. Earlier in October, Nykaa had confirmed that the board has been approved for the issuance of bonus equity shares in the company which will be in the ratio 1:5 (which means Nykaa will be giving a bonus of 5 shares to every single shareholder on the record date).
Read More: Nykaa Share price at 1110.60: Lowest since the Issue of the IPO
