Beauty E-Tailer Nykaa's IPO Opens On October 28: Should You Subscribe
NDTV
E-commerce beauty giant Nykaa will open its initial public offering (IPO) to subscribers on Thursday. The company aims to raise around Rs 5,352 crore through its public issue.
New Delhi: E-commerce beauty giant Nykaa will open its initial public offering (IPO) to subscribers on Thursday. The company aims to raise around Rs 5,352 crore through its public issue. FSN E-Commerce Ventures operates online marketplace Nykaa. The three-day IPO will conclude on November 1.
It has fixed a price band of Rs 1,085-1,125 per share for its public offer. Bids can be made for a minimum of 12 equity shares and in multiples of 12 equity shares thereafter up to 14 lots. The offer includes a reservation of up to 250,000 equity shares for purchase by eligible employees, the company said in a statement.
Existing investors like such as TPG Growth IV SF Pte, Lighthouse India Fund and others are expected to offload their shares in the IPO. Promoters, including founder and chief executive officer Falguni Nayar, currently own more than 50 per cent share in the company.
Founded by former investment banker Ms Nayar, India's first woman-led unicorn offers 4,000 beauty, personal care and fashion brands through its website, app and 80-odd brick-and-mortar stores.
