1-nykaa

Nykaa shares slip below issue price as end of lock-in period nears

Pre-IPO investors’ lock-in expires on November 10. JM Financial is of the view that around 67 percent or 31.9 crore shares are likely to open for trade on the expiry day.

At 2:15 pm on Oct 24, the stock was quoting at Rs 1,115 on the National Stock Exchange, down 2.5 percent. In the last one month, it is down 12.67 percent.

[Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter

Daily.