The company made a bumper debut at the stock market earlier this week. As of November 8, when there was no pledge of shares, Nayar’s family trust held a 52.56 percent stake in Nykaa.
On November 10, when Nykaa launched its initial public offering (IPO), it created the pledge of a 4.3 percent stake.
Also Read | Nykaa shares close with 96% gains on debut day, market cap at Rs 1.04 lakh crore
Nykaa’s stock continued its run-up for the third consecutive session, rising 110 percent to close at Rs 2,358.90 against the issue price of Rs 1,125 per share.
The company will announce its September quarter earnings on November 14.
Notably, Nykaa joined the Rs one-lakh crore market cap club on the listing day itself, at Rs 1,11,558.80 crore. This is higher than m-caps of Dabur India, DLF, Shree Cements, Hindalco Industries, Bajaj Auto, Coal India, and SBI Card.