While it does not really make any difference for the company itself, it does matter to the promoters and early-stage investors who want to encash the stock market frenzy.
The company has logged a 47 per cent jump in revenue to Rs 885.3 crore, even as its net profit declined over 95 per cent to Rs 1.2 crore.
CarTrade Tech, Easy Trip Planners and nine more IPOs of new age companies in 2021 had 100 percent Offer for Sale (OFS) translating to transfer of risk from rich individuals to retail public.
Falguni Nayar’s hard work pays off for Nykaa’s early investors as they offload shares worth Rs 4,720 crore through IPO.
After the recent IPO boom, Nykaa has jolted Nayar to the world’s richest.
The Zerodha co-founder added that the beauty products e-retailer listed at 1600 times price to earnings
The stock debuted at Rs 2,001, reflecting a jump of 77.86 per cent on the BSE. It then zoomed 89.24 per cent to Rs 2,129.
As per the stock market experts, Nykaa shares may list up to 95 per cent premium as they are expecting it to list in the range of Rs 1900 to Rs 2200 per share levels.
The Rs 5,352 Crore IPO was subscribed 1.55 times on the opening, receiving bids for approx 4.09 crore shares against about 2.65 crore shares put on offer.
The IPO of FSN E-Commerce Ventures 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.
Reena Chhabra, who is CEO of Nykaa’s private label section FSN Brands, is likely to make Rs 250 crore with 2.1 million shares and 0.12 million employee stock options (ESOPs).
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.