Daybreak

The beauty and fashion retailer's stocks are now worth less than one-third of its market cap after the listing

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.

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Business news is complex and overwhelming. It doesn’t have to be. Every day of the week, from Monday to Friday, Daybreak tells one business story that’s significant, simple and powerful.

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