The Share of this company is down. Almost close to  its IPO price

The Stock we are  talking about is  NYKAA

Nykaa Stock price was down to all time low of Rs 1130 per share on 19.10.2022

The IPO issue price of Nykaa was Rs 1124 per share

Nykaa made its debut on the Stock Market in November 2021 with 79% premium over its issue price

Presently, Nykaa is trading at 4.9 times of estimated FY 25 revenue

Nykaa continues to invest in growing new businesses

Although investors are dumping Nykaa, brokerage house are bullish on this stock

Nykaa is an Indian Company which was founded by Falguni Nayar in 2012 and is based in Mumbai

The Company sells beauty, fashion and wellness products across websites and 1000+ offline stores