IPO update: FSN E-Commerce Ventures (Nykaa)

FSN E-Commerce Ventures (Nykaa) came out with its IPO two months ago. You can read our detailed analysis of it here. In this update, we will be looking at the company's market performance and financial performance post IPO. Our analysis of the IPO FSN E-Commerce Ventures is the parent company of Nykaa, which is involved in the business of selling beauty, wellness, personal care, and fashion products. The company sells its products and third-party products in its online and retail stores. Its own-brand products are sold under two verticals: beauty & personal care and apparel & accessories. It primarily sells the products through its app and other online platforms and has 80 retail stores in 40 major cities in India. Nykaa gets 90 per cent of its revenue from online business. Out of its revenue from online business, 90 per cent comes from its own app, reducing its dependence on third-party online platforms. Based on its self-reliance, supply chain capabilities, and good partnerships with various international brands, we gave the company a score of 17 out of 26. Our major concerns regarding the compan