(Source: ECI | ABP NEWS)
Nykaa IPO Launch: Beauty E-Commerce Firm To Open For Subscription On Oct 28 — All You Need To Know
Nykaa IPO will be open for subscribers from October 28 and will close on November 1, 2021.
New Delhi: E-commerce beauty website, Nykaa is set to open its Initial Public Offering (IPO) for subscribers on October 28, Thursday. The company, led by Falguni Nayar, is eyeing a valuation of $7 billion.
According to reports, Nykaa's IPO subscription will be open on October 28 and will close on November 1, 2021. The company will offer a price band with the lower limit set at Rs 1,085 and the higher limit will be Rs 1,125 per share.
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As reported by CNBC TV18, the Nykaa IPO will comprise Rs 630 crore of equity shares through the fresh issue and Rs 4,721 crore by promoters and existing shareholders through Offer for Sale (OFS). The upper end of the price band will have an issue size of Rs 5,351.92 crore.
Promoter Sanjay Nayar Family Trust will be selling out 48 lakh equity shares. Whereas, investors of the company like TPG Growth IV SF Pte Ltd and Lighthouse India Fund III will be selling off around 54 lakh and 48 lakh shares, reported CNBC TV18.
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During the Nykaa IPO, the investors can place their bet for a lot of 12 shares or in the multiples thereof. Whereas a retail investor will be allowed to place a bid of maximum 14 shares. A lot placed at the higher end of the price band is set at Rs 13,500.
FSN E-Commerce Venture, which owns Nykaa and Nykaa Fashion, was incorporated in 2012. The company is headquartered in Mumbai. The beauty e-commerce platform offers beauty, fashion and personal care products.
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