Nykaa IPO Listing: Nykaa’s listing on the stock exchange on Wednesday, know what’s going on GMP!

Nykaa IPO Listing: Nykaa’s IPO (Initial Public Offering) will be listed on the stock exchanges on Wednesday, November 10. Earlier the listing was to happen on November 11 but now the listing will be a day earlier.

Nykaa is trading at a premium rate of Rs 760 to 780

Nykaa IPO is commanding a tremendous premium in the gray market. The indication is clear that Nykaa is likely to have a BlockBuster listing. In the gray market, Nykaa is trading at a premium of Rs 760-780, while the issue price was Rs 1085 to Rs 1125 per share. Meaning the listing can be close to Rs 1885 per share. The investors who have been allotted shares of Nykaa are going to make huge profits on listing.

Was over-subscribed 82 times

Shares have been allotted to the investors investing in the IPO on Monday, November 8. Nykaa’s IPO was open for subscription on 28 October and closed on 1 November. The IPO is oversubscribed 81.8 times. The company’s target was to raise Rs 5400 crore, but the company has received an application of Rs 4.38 lakh crore. The company had fixed a price band of Rs 1,085-1,125 per share for the IPO.

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