Nykaa shares slip below IPO issue price. Should you buy the dip?
As investors continued to dump Nykaa or FSN E-Commerce Ventures ahead of the mandatory lock-in expiry date for pre-IPO investors on November 10, the stock was down 2% in trade at the day’s low of Rs 1,120.25.Among all the new-age stocks that listed on Indian stock exchanges recently, Nykaa was among the best-performing ones as it had nearly doubled on listing day in November last year.
