Shares of FSN E-Commerce Ventures, the parent company of Nykaa, rose to Rs 2,358.90, gaining over 6% on BSE in intra-day trade. With a market capitalisation of Rs 1.11 lakh crore, Nykaa stood at the 48th position overall, according to BSE data.
Meanwhile, food delivery platform Zomato hit an all-time high of Rs 155 on BSE after the scrip was included in the MSCI India Index, which is designed to measure the performance of the large and mid-cap segments of the Indian market. With 101 constituents, it covers about 85% of the Indian equity universe. Zomato’s stock opened higher at Rs 141.40 against its previous close of Rs 140.80.
Nykaa had made a strong market debut on Wednesday, with its shares priced at Rs 2,207 on the BSE at the end of the day, a 96% premium over its issue price of Rs 1,125 a share.
The company had earlier raised Rs 5,352 crore from its primary share sale. The issue was subscribed 82 times, with the company receiving more than 216.59 crore bids for 2.64 crore shares, according to data from the National Stock Exchange.
Zomato, which became the first Indian tech startup to go public, had
made a stellar debut on Dalal Street on July 23, when the stock opened at Rs 116 on the NSE, 52.63% higher than its offer price of Rs 76. On BSE it was at Rs 115, up 51.32%.
