Friday, Jan 28, 2022
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Dec 19, 2021 Pallavi Chakravorty 2021 turned out to be the most spectacular year for the Indian startup ecosystem, helping it attract billions of investments and churning out a record 42 unicorns in the process. Experts say this is just the beginning.
Nov 16, 2021 Outlook Business Team 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.
According to the filing, Nykaa's Beauty and Personal Care GMV (gross merchandise value) grew by 38 per cent year-on-year to reach Rs 1,185.9 crore.
Nov 15, 2021 Rajiv Ranjan Singh 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.
A flood of IPOs has hit India’s stock markets recently. Nykaa, Paytm, Policybazaar are some of the well-known names that opened in November. Big daddy LIC is slated to hit the market soon. Do your due diligence before investing.
Falguni Nayar’s hard work pays off for Nykaa’s early investors as they offload shares worth Rs 4,720 crore through IPO.
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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).
Last week, Nykaa had announced that it would open for public subscription on October 28. It had stated that it intends to use the proceeds from the IPO for further expansion by setting up new retail stores and establishing new warehouses, its red herring draft papers stated.
The three-day offering would close on November 1. The equity shares of the company would be listed both on NSE and BSE.
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.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.
PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.
PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.
PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.
PTI Photo/ Shahbaz Khan
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.
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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.
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