Nykaa witnessed a 35 per cent increase in its total expenses in the fourth quarter of FY22 to Rs 978.64 crore as its marketing and advertisement expenses increased 66% to Rs 116.5 crore.
The Falguni Nayar-led Nykaa will form a new category of nutraceuticals and wellness products under Nudge Wellness
Indian benchmark indices opened lower amid weak global cues. At 10.30 hours, the 30-share BSE index was trading 700 points lower at 58,337, and the broader NSE Nifty was down 225 points to 17,339.
A tweet on Wednesday morning by an account named '@BabuBongo' said that 'how rich founders treat poor bank employees' and included an audio clip.
The company’s Investor Presentation on Monday said that Nykaa’s total number of physical stores stood at 84 as of September 30, 2021.
The company, which was listed on the BSE on November 10, had logged a net profit of Rs 27 crore in the July-September 2020 quarter, FSN said in a regulatory filing.
The subscription data of Paytm indicates that bigger investors have not bid as aggressively compared to recent IPOs such as Nykaa and Zomato.
Nykaa's parent company FSN floated on the Mumbai stock exchange, hitting a valuation of 1 trillion rupees ($13.5 billion) in the first five minutes of trade.
The stock debuted at Rs 2,001, reflecting a jump of 77.86 per cent on the BSE.
Despite rich valuation, majority of brokerages are positive on the IPO and have given it a subscribe rating.
Founded by Kolkata-based Suyash Saraf and Anisha Saraf, Dot & Key, is a new age brand focused on providing solutions to skincare concerns.
Nykaa's IPO comprises a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by the promoter and existing shareholders.
Apart from these, Penna Cement Industries, Latent View Analytics and Sigachi Industries too received Sebi's clearance to raise funds through the initial public offerings.
The initial public offering (IPO) comprises fresh issue of equity shares worth Rs 525 crore and an offer for sale (OFS) of 43,111,670 equity shares
Nykaa's IPO comprises a fresh issue of equity shares worth Rs 525 crore and an offer for sale of 4,31,11,670 equity shares by the selling shareholders.