In the primary market, Nykaa shares were quoting at a premium of 68 per cent over the issue price of Rs 1,125 per share, according to the people who deal in unlisted shares of the companies.
Nykaa’s valuations at the upper price band of Rs 1,125 come out to be 839.5 times price to earnings and 21.6 times FY21 sales and 16.2 times FY22 annualised sales, said an analyst.
“If you were allotted the shares, they can be held, but fresh buying is not advised at this juncture.
We expect Nykaa to list in the range of Rs 1800-1850 apiece and won’t be surprised if it crosses Rs 1,900 mark on listing rewarding hefty gains to allottees on the listing,” Abhay Doshi, Founder, UnlistedArena.com, dealing in Pre-IPO & Unlisted Shares, told Financial Express Online.
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