Nykaa IPO to open on October 28; price band set at ₹1,085-1,125/share
The Hindu
Bids can be made for a minimum of 12 equity shares and in multiples of 12 equity shares thereafter.
FSN E-Commerce Ventures Limited, which operates online beauty e-commerce platform Nykaa, on Monday said it has fixed a price band of ₹1,085-₹1,125 per share for its initial public offer (IPO) that opens for subscription later this week.
The IPO will open for subscription on October 28 and conclude on November 1. It comprises of equity shares aggregating up to ₹630 crore (fresh issue) and an offer for sale of up to 4,19,72,660 equity shares being offered by the selling shareholders (offer for sale or OFS), a statement said.
Bids can be made for a minimum of 12 equity shares and in multiples of 12 equity shares thereafter. The offer includes a reservation of up to 2,50,000 equity shares for purchase by eligible employees, it added.
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