INSUBCONTINENT EXCLUSIVE:
Nykaa IPO was subscribed 4.32 times on the second day of issueE-commerce beauty giant Nykaa's Rs 5,352 crore initial public offering (IPO)
Fashion.''Nykaa is the largest specialty beauty and personal care platform in India in terms of value of products sold in FY21.The mobile
phone space in India has been significantly disrupted by smartphones in the last 5-6 years, driven by availability of low-cost alternatives
from local as well as global brands.The company at the upper band of the IPO is offered at 21.6x price to sales for FY21
The valuation of the IPO is rich, demanding a market cap of Rs
532,040 million.The company has a unique business proposition amongst its customer base and also has an aspirational brand image which
