Nykaa shares below IPO price

Shares of Nykaa have fallen 13% in the past month, which ended at 1,110 on the BSE on Tuesday, before the end of November 10, of the one-year lock-in period for its pre-IPO shareholders.

In comparison, India’s benchmark index Sensex fell 0.5% on Tuesday. Other tech stocks including Paytm, Zomato, MapmyIndia ended the day rally.

JM Financial said in an October 12 report, “With the shareholders’ lock-in before the IPO ending on November 10, 2022, it will be important to see whether these investors liquidate or hold for further gains.” continue.” 67% share capital or approximately 31.9 million shares are expected to open for business on November 10, 2022.”

Nykaa made a strong market debut in October last year, when the company’s stock listed at a 79% premium to its issue price. 2,001 per share on BSE.

Nykaa’s IPO subscribed 81.78, driven by interest from institutional investors. The company’s shares have hit their lowest level since they started trading last November.

ICICI Securities in its August 2022 note said, “…we believe that success will not be easy as Nykaa is not the cheapest place for beauty and personal care products nor does Nykaa address the issue of authenticity. Is.”

Diwali is also not going well for Logistics Unicorn Delhi stock.

Shares of the company continued to fall, falling another 3.82% on Tuesday to hit record lows 383.75 per share on BSE.

Shares of Delhivery have lost more than 31% in the past five days, after the company on October 20 guided for moderate growth in shipment volumes during the rest of the fiscal year. Delhivery, India’s largest fully integrated logistics services company, was raised by Its IPO in May was Rs 5,235 crore. The issue was subscribed 1.63 times.

The company’s share price exceeded the IPO issue price 487 per share last week for the second time since the launch of the Gurugram-based startup on the stock exchange.

In a business update, the company warned its shareholders about “high levels of inflation, with average user spend and total active buyers staying flat or low during the current festive season.”