Nykaa's post-listing glory days are over
The beauty and fashion retailer's stocks are now worth less than one-third of its market cap after the listing
Audio is streamed directly from the publisher (media.transistor.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
From moment Nykaa went public on the stock exchanges in 2021, it became an investors’ favourite.
Its stock had listed at an 80% premium to its issue price of Rs 2,001 per share on the BSE. Its parent company FSN e-Commerce Ventures hit a valuation of 1 lakh crore rupees. And founder Falguni Nayar’s net worth tripled and turned her into a billionaire.
But lately, things have not been going so well for the fashion e-retailer. Its shares have been on a free fall.
Tune in to find out why.