“Anchor placements up to Rs 2,340 crore will open on Wednesday (October 27) and the IPO will close on Monday, November 1,” said one of the people mentioned above.
Rs 5,200 crore Nykaa IPO This includes a fresh issue of stock worth Rs 630 crore and an offer for sale in which existing shareholders will offload 43.11 million shares, according to the company’s draft red herring prospectus (DRHP).
Accepted by the Securities and Exchange Board of 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 48 lakh shares. founded by Falguni Nayar and his family
will continue to own the majority stake They currently hold more than 53% stake in the post IPO
FSN E-Commerce Ventures, parent firm of Nykaa.
“The company is looking for a valuation of about $7.4 billion in the IPO,” said another person.
Nykaa IPO Details. According to this person, the price band will be decided by the beginning of next week.
Kotak Mahindra Capital, BofA Securities, ICICI Securities, Citibank, Morgan Stanley and JM Financial are the book-running lead managers to the issue.
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 FY21. 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.