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Nayaka’s stock has risen tremendously. Shares of Nykaa rose over 7% on Friday to Rs. reached 164.20. The company’s shares hit an 11-month high. Shares of Nayaka on Thursday were Rs. closed at 153.20. Shares of the company are up more than 45 percent from their 52-week lows. Nykaa shares hit a 52-week high of Rs. is 196.65. Nykaa’s parent company is FSN E-Commerce Ventures Limited. The company is in the business of beauty and personal care, apparel and accessories.
Up more than 45% from the 52-week low
Nykaa shares have seen a good recovery in the last few months. On 26 April 2023, the company’s shares were at a low of Rs.114.30. On 17 November 2023, the shares of the company were Rs. 164.20 has been reached. Nykaa shares are up more than 45% from their 52-week lows. Nykaa has a market cap of around Rs. 46500 crores.
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The IPO came at a price of Rs 1125, the company has issued 5 bonus shares
Nykaa’s parent company FSN E-Commerce Ventures Limited’s IPO at Rs. It came in the price band of 1085-1125. Shares of the company in IPO Rs. 1125 were allocated. Nykaa shares were listed at Rs 2001. However, a few days after the listing, the company’s shares fell sharply. Meanwhile, the company announced bonus shares to its investors in the ratio of 5:1. The company gave 5 bonus shares to the investors for every one share.
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