nykaa ipo particulars: Nykaa to launch IPO on October 28, seeks valuation of $7.4 billion


Mumbai: FSN E-Commerce Ventures, the guardian firm of India’s largest cosmetics etailer Nykaa, will launch its preliminary public providing (IPO) on October 28 to lift as a lot as Rs 5,352 crore, individuals with direct information of the matter mentioned on Thursday.

Nykaa IPO: All it is best to know before you purchase

FSN E-Commerce Ventures, the guardian firm of India’s largest cosmetics e-tailer Nykaa, will launch its preliminary public providing (IPO) on October 28. Shares within the Nykaa IPO, a mixture of recent inventory and a proposal on the market, might be issued at a worth band of Rs 1,085-1,125 apiece. So must you subscribe to this IPO to make fast bucks? ET’s Sanam Mirchandani & Digbijay Mishra with all the main points. Hear in

“An anchor placement of as much as Rs 2,340 crore will open on Wednesday (October 27), and the IPO will shut on Monday, November 1,” one of many individuals cited above mentioned.

Shares within the Nykaa IPO, which might be a mixture of recent inventory and a proposal on the market, might be issued in a worth band of Rs 1,085-1,125 apiece to lift as a lot as 5,352 crore at a valuation of $7.4 billion. Whereas the first situation is value as a lot as Rs 630 crore, the supply on the market will see present shareholders offload as much as 43.11 million shares, based on the corporate’s draft purple herring prospectus (DRHP)
authorised by the Securities and Alternate Board of India (SEBI).

Buyers who’re more likely to promote stake embody TPG, Gentle Home India Fund, JM Monetary, Yogesh Businesses, Sunil Kant Munjal, Harindarpal Singh Banga, Narotam Sekhsaria and Mala Gaonkar. Promoter Sanjay Nayar Household Belief will promote 4.8 million shares. Founder Falguni Nayar and her household
will proceed to personal a majority stake after the IPO. They at present maintain greater than 53% in
FSN E-Commerce Ventures.

“The corporate is searching for a valuation of ~$7.4 billion within the IPO,” mentioned one other individual conscious of the
Nykaa IPO particulars.

Kotak Mahindra Capital, BofA Securities, ICICI Securities, Citibank, Morgan Stanley and JM Monetary are book-running lead managers of the difficulty.

Uncover the tales of your curiosity



Nykaa is amongst a couple of worthwhile etailers in India. It reported a web revenue of Rs 61.96 crore within the fiscal ended March 31, in comparison with a web lack of Rs 16.34 crore within the year-ago interval. Income grew 38% year-on-year to Rs 2,453 crore in FY21. The corporate had earlier mentioned it will use Rs 130 crore from the IPO proceeds to repay its debt and Rs 200 crore to market its manufacturers.

Keep on high of expertise and startup information that issues. Subscribe to our each day publication for the newest and must-read tech information, delivered straight to your inbox.



Supply hyperlink