New Delhi: FSN E-Commerce Ventures, the parent company of India’s largest cosmetics retailer Nykaa, will launch its initial public offering (IPO) on October 28 to raise Rs 5,352 crore.

If everything goes according to plan, Nykaa will be the second Indian startup after Zomato to go public this year.
Which garnered huge interest for its trailblazing IPO in July. Others to list on the stock exchanges this year are Paytm, PolicyBazaar and MobiKwik.

Here’s everything you need to know about it Nykaa IPO

The anchor placement of up to Rs 2,340 crore will open on Wednesday (October 27), and the IPO will close on Monday, November 1.

Shares in the Nykaa IPO, which will be a mix of fresh stock and an offer for sale, will be issued in the price band of Rs 1,085-1,125 to raise up to Rs 5,352 crore at a valuation of $7.1 billion.

According to the draft red herring prospectus (DRHP) approved by the Securities and Exchange Board of India, while the primary issue is worth Rs 630 crore, the offer for sale (OFS) will offload up to 43.11 million shares to existing shareholders. India (SEBI).

Investors likely to sell stake include TPG, Light House India Fund, JM Financial, Yogesh Agencies, Sunil Kant Munjal, Harinderpal Singh Banga, Narottam Sekhsaria and Mala Gaonkar.

promoter Sanjay Nair Family Trust Will sell 4.8 million shares.

founded by Falguni Nayar And his family will continue to hold majority stake after the IPO. They currently hold over 53% stake in FSN E-Commerce Ventures.

Read also: How is Nykaa’s IPO different from other startups?

Nykaa is one of the few profitable e-tailers in India. It reported a net profit of Rs 61.96 crore for the financial year ended March 31, as against a net loss of Rs 16.34 crore in the year-ago period.

Revenue grew 38% year-on-year to Rs 2,453 crore in FY2011. The company had earlier said it would use Rs 130 crore from its IPO to pay off debt and Rs 200 crore for marketing of its brands.