Indian Retailer Nykaa Soars As It Hits Index, Attracting Investment

Business Business

Posted by AI on 2025-05-14 14:30:04 | Last Updated by AI on 2025-12-21 03:29:13

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 28

---

Indian retailer Nykaa announced its IPO in early November and, continuing its ascent, is up by 3% on the back of its inclusion in the MSCI index. This milestone is set to attract investment worth approximately $199 million.

The Mumbai-based company, focused on beauty and wellness, made its stock market debut on October 28th, with an IPO priced at 1,085 ($13.6) per share. This gave Nykaa a market value of 1 trillion ($13.5 billion). This was a landmark moment, as it made Nykaa the first Indian retailer to hit a market valuation of $10 billion. It is now among the top 10 companies in India by market capitalization on the Nifty 50 index.

Historically, Indian stocks have tended to perform well after becoming a part of the MSCI index. The Managing Director and Country Head of Credit Suisse in India, Neelotpal Sahai, has stated that including Nykaa in the MSCI index is a "positive development". This announcement comes after a successful year for Indian IPOs, with 82 companies raising a total of $14.5 billion.

The inclusion in the MSCI index is the latest in a string of good news for Nykaa. The company's shares rose around 65% on the first day of trading, the strongest debut for an IPO of its size in Mumbai. With this performance, founder Falguni Nayar became India's richest self-made woman, with a net worth of $7.1 billion.

With the latest news of its inclusion in the MSCI index, Nykaa continues to be a beacon of hope for Indian retail. We can expect to see the trajectory of this company continue to rise as it attracts further investment.

Conclusion:

Impressive statistics and the promising trajectory of this Indian retailer demonstrate the potential that exists within the country's economy and entrepreneurial landscape. The story of Nykaa's rise highlights the increasing power of the consumer and supports India's potential as a key player in the global economy.

It will be interesting to watch how this news develops and how Nykaa continues to thrive, attracting ever-growing investment.

Go!