Despite pre-IPO shareholders’ lock-in period coming to an end, Nykaa is seeing no selling pressure in trade today (November 10), on account of the bonus issue announced by the cosmetics-to-fashion retailer. This is a masterstroke by investment banker-turned-entrepreneur Falguni Nayar to stem a potential fire sale as the lock-in shares get released into the market […]
By Administrator_ India Capital Sands The IPO of FSN Ecommerce Ventures, operator of online beauty startup Nykaa, was subscribed 1.6 times on Thursday, the first day of the issue. The 26.5-million share offering has got bids for 41 million shares with the institutional investor category getting 1.4 times subscribed and the retail quota getting 3.5 […]
By Administrator_ India Capital Sands India’s benchmark indices notched new highs on Thursday after investor sentiment got a boost from the US Federal Reserve’s dovish commentary. The Sensex ended the session at 59,885 with a gain of 958 points, or 1.6 percent. In intra-day trade, the index hit 59,957, just 43 points shy of the psychological 60,000 […]
