Nykaa is reporting healthy increase in its fashion AOV (up 18% YoY) but its NSV to GMV ratio is also falling consistently.
The BSE smallcap index traded 0.17% higher than the previous close, while the BSE midcap index registered a 0.25% increase.
The company has set the IPO price in the range of ₹162-171 per share for its ₹235 Crore issue.
At 22.4%, FII stake in Large Caps is significantly higher than that in SMID.
Recommendation: Reduce; Target price: ₹8125
Analysts of IIFL Capital Services see a good scope for steady earnings growth led by volumes, rather than margins alone.
Prior to the IPO, the company raised ₹178 Crore from anchor investors.
The kiwi fell 0.2% to $0.6161 on Thursday after reaching its highest level since January 15 at $0.6218.
The new Board aims to guide PPBL's future business with leaders having diverse experiences in banking, administration, and corporate governance.
Analysts of IIFL Capital Services present below the summit’s KTAs.

IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132 (Member ID - NSE: 10975 BSE: 179 MCX: 55995 NCDEX: 01249), DP SEBI Reg. No. IN-DP-185-2016, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, Merchant Banker SEBI Regn. No. INM000010940, RA SEBI Regn. No: INH000000248, BSE Enlistment Number (RA): 5016, AMFI-Registered Mutual Fund Distributor & SIF Distributor
ARN NO : 47791 (Date of initial registration – 17/02/2007; Current validity of ARN – 08/02/2027), PFRDA Reg. No. PoP 20092018, IRDAI Corporate Agent (Composite) : CA1099

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.