Shares of FSN E-Commerce Ventures, which runs online marketplace for beauty and wellness products Nykaa, listed with a huge premium of over 79% against the issue price of ₹1,125 on Wednesday.
The stock debuted at ₹2,001, reflecting a jump of 77.86% on the BSE. It then zoomed 89.24% to ₹2,129.
On NSE, it listed at ₹2,018, a premium of 79.37%.
The company's market valuation remained at ₹97,754.06 crore on BSE.
The initial share-sale of FSN E-Commerce Ventures was subscribed 81.78 times earlier this month.
The ₹5,352-crore IPO had a price range of ₹1,085-1,125 per share.
The company has a diverse portfolio of beauty, personnel care and fashion products, including its owned manufactured brand products, under its two business verticals -- Nykaa and Nykaa Fashion.