Nykaa IPO: first profitable unicorn, led by women, to tap public markets

The online beauty aggregator is looking to raise Rs 525 crore via fresh equity. According to media reports the company intends to raise a total of Rs 4,000 crore

India’s first women led profitable unicorn startup is going in for its initial public offering. Nykaa, the online beauty aggregator is looking to raise Rs 525 crore via fresh equity issuance. According to media reports the company intends to raise a total of Rs 4,000 crore.

According to the company’s draft red herring proposal (DRHP) filed with Sebi, both promoters and investors will make partial exit through offer of sale of shares up to 43.1 million.

Those opting to sell via OFS include promoters Sanjay Nayar Family Trust (4.8 million shares), and investors such as TPG Growth IV, Lighthouse India