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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The online beauty products retailer, a picture of health during its IPO 18 months ago, is beginning to resemble a cash-burning startup.
Last week, online beauty products retailer FSN E-commerce Ventures, which operates as Nykaa, announced its 2022-23 results. The numbers were grim. Its net profit, at a mere Rs 21 crore, was down nearly 50% compared to the previous financial year and a third of what it was two years ago, just before the company announced its initial public offer.
The grim scenario carries over to its stock. Nykaa’s market valuation currently stands at Rs 35,750 crore, a long way from its Rs 100,000 crore market capitalization on 11 November 2021, the day of its stock market listing, when its shares …
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
