Nykaa Share Price: Investors investing in the IPO of beauty and wellness company Nykaa have suffered a tremendous setback. Nykaa’s stock has slipped below the IPO price level for the first time since its listing on the stock exchange. Bad news came for the stock of Nykaa, which created panic with its bumper listing on the stock exchange in Samvat 2078, with the beginning of Samvat 2079. In Tuesday’s trading session, the stock of Nykaa fell below its IPO price of Rs 1125 to the level of Rs 1117. But it’s gone.
Below IPO price for the first time
Nykaa’s stock opened at Rs 1147.80 in the morning. But due to profit-booking, the stock fell by 2 percent to the level of Rs 1120. This is the first time Nykaa’s share price has come below Rs 1125 since its listing in 2021. When the company was listed on the Stock Exchange on November 10, 2021, the stock gave a bumper return to the investors from the IPO price. Nykaa’s share of Rs 1125 had reached Rs 2573. But the stock fell 56 per cent due to profit-booking. The market cap of Nykaa has come down to Rs 52,914 crore.
lock-in period is coming to an end
The one-year lock-in period of investing in shares for anchor investors is going to end on November 10, 2021. It is believed that after the end of the lock-in period, the stock of Nykaa may fall further. After the completion of one year of the listing of online food delivery company Zomato, there was a big fall in the stock.
Shares of tech companies below IPO price
The stock of Nykaa has also fallen below the IPO price level. Shares of tech companies like Paytm, Policybazaar, Zomato, Cartrade, which came in 2021, are also trading below the IPO price level.
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