- 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.
Nykaa falls below the issue price as the end of the lock-up period approaches.
Published on
