Nykaa falls below the issue price as the end of the lock-up period approaches.
- As pre-IPO lock-in expires, FSN E-Commerce Ventures, Nykaa’s parent company, fell as much as 2% on Tuesday to below its IPO price of Rs 1,125.
- The stock fell 2.5 percent to Rs 1,115 on the National Stock Exchange at 2:15 pm. The stock has lost 3% in five trading sessions. It fell 12.67% last month.
- Pre-IPO investors’ lock-in expires November 10. JM Financial expects 67 percent or 31.9 crore shares to trade on expiry day.
- Steadview Capital Mauritius Ltd, TPG Growth IV SF Pte. Ltd, Lighthouse India Fund III, and HNIs like Harindarpal Singh Banga, Narotam Sekhsaria, and Sunil Kant Munjal can sell.